Friday, January 25, 2013
MADE IT
I have always believed this would happen and sooner rather than later.
S&P 500 has longest winning streak since ‘04; first close above 1,500 since start of recession.
Most of my retirement is in the form of equities. I have kept it that way pretty much with a nod towards bonds. Municipals which trade well.
Not to get into the details, but I was doing well, then I was not and then, because I stuck with it and didn't run, I have done well again.
Somehow, perhaps just being too dumb or stubborn, I have been comparatively risk tolerant.
The trend is always up even when the numbers are going down.
That said, I will brace myself for the next cycle.
It is all cycles.
Just be in the right place at the right time and you can ride it.