Well I'm still here, gosh, I've seen the world go round and round; covid come and go, people come and go, crashes come and go, and like the tree of life, I just watch the whole world go by, day after day. Perhaps I should have won the Medal of Honor by now.
How the world has changed in the last one week and six months let alone last three years! Who would have thought that Credit Suisse would have fallen? Yet, looking at the S&P closing on friday this week and the incredulous gasps at the market pushing higher; one wonders if there are any more covers left for all the countless articulate doom mongers and naysayers to hide their heads in; particuarly with the last four weeks and the incredible spate of horrifc videos being churned out almost daily. They screamed the whole thing is going to crash and we're all dead! Makes you think doesn't it? I just shake my head, well what do you know? I'm just the man with a grin sitting alone on the hill. I am just the tree of life.
So what does make any sense? Not getting too excited or riled up makes perfect sense for me.
One should invest and one should also trade in perfect balance.
How would I invest? I would always go for consistent dividend-paying stocks in US markets and put that nest egg to one side and not worry about the rise and fall in value of the portfolio. Don't think of time. Let your universe flow and build in time.
How would I trade? With forex I now omit the volatile majors and would look at the USDX only and the S&P500 and use five day horizons when plotting a quick trade. I would also work with options around these two products. I also like working with popular ETFs around US markets so long as the liquidity and hedging is there.
Overall, if one avoids the notions of big winnings and tones down the excitability about trading, then like a farmer sowing his seeds and reaping his produce, one learns how to cultivate the patient mind-set to walk through all weather in time.
Is the trend your friend? Never put your trust in prices lest they turn on a dime against you but do put your confidence in time and your strength to endure through the seasons.
A tree is well rooted; it stands the test of time.
