How long is very long and how young is young?
I have clearly indicated that I am reducing my holdings in stocks that will not be recovering soon and which means that I agree with your analysis.
What I am doing is moving forward from why I am standing, your statements makes it seem that I have just taken a position which is a wrong assumption, maybe you could share your portfolio so that we can see how you have applied your knowledge of the market and the companies.
Please appreciate the fact that I can only move from my current position, starting from an imaginary position would be fool hardy and deceitful both to you and to myself.
You cannot budget based on an expected salary you budget based on your current salary and situation one cannot wish away their age, marital status, number of children or current employment.
What I have posted is my portfolio as it stands this morning a situation that qualifies as water under the bridge what is important is what I do from here going forward.
I promise to post my portfolio at the end of the 1st quarter at which point you will be justified in judging my decisions.
S.Mutaga III wrote:The only valid reason for buying into your proposed counters is that you are buying into a very long term investment.Long term investments are for young people.