Wednesday, July 8, 2015

Every Morning

Every morning I wake up I ask myself, "Self, what is your investment and trading plan for the day?" However, for now (and this morning), I have no answer to the question. It's just too confusing. As I have written ... the only certainty is the lack of certainty. A day like today underscores the case of erring on the side of conservatism and keeping cash reserves higher than normal. The environment is simply too unpredictable and volatile to be firm and self-confident of view. Bottom line is this...if you're invested in the market right now, you will most definitely 100% see fluctuations in your account/investment value; that's the inevitable part of it. The key is to own the appropriate investments and manage the "risk" of having money in the markets at certain periods of time during certain environments. Hence why I've been erring on the side of conservatism.