FYI: Trying to develop a sound long-term investment strategy at any time is difficult, as most of the time we are clearly not at a top or bottom of a significant market move.
We wander along an uncertain path to an eventual turning point, but each day, or in my case week, I must read the current sign posts to decide whether or not to change direction on the path I am traveling. Currently, there are three difficult choices to select from.
.Stay reasonably fully invested in the upward sloping secular trend, accepting that there will be periodic cyclical movements.
.As the opportunities and risks in today’s world are not the same as in the past. We should become increasingly defensive by building meaningful cash reserves.
.Prepare for global policy mistakes that causes devastation.
Regards,
Ted
https://citywireamericas.com/news/lipper-game-changers-and-global-mistakes-to-look-out-for/a1262643?ref=international-americas-latest-news-list
