Skip to main content
No. of Recommendations: 0

One good call doesn't make me a market strategist, and that's where I'm stuck right now. I need to put together a market-timing system (aka, a trading system), which I clearly don't have. I'm a good chart jock, but that's not enough to win most races, and that's the downsides of being a fixed-income value-investor who buys individual bonds. "Timing" can be hugely unimportant, due the fact you're buying what amounts to puts. If you buy a bit too early (or late), no biggie. You'll take a hit to gross profits, but you won't trash your account. But if you're buying securities without that price protection (i.e., an enforced exit at par), your downside is where you set your stop, and that takes disciple to set.

I can't applaud and say that you're doing the right thing by your clients, because certainly a case can be made that the Bernank isn't going to let interest-rates rise and --thereby-- increase the gov't's cost of borrowing. ("Never bet against the Fed.") OTOH, anytime traders want to take the Fed to the woodshed and thrash it soundly, they can and will. I'm just sooooo glad I can sit tight on 100% of what I own and sidestep the timing problem.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.