Tuesday, June 23, 2015

Professional Benchwarmer

Can someone explain to me why the Greece stock market is up 8% on no-deal? I don't understand this market. Nothing makes sense to me anymore, which is good for me because I would probably lose my shirt trying to guess what is happening in this casino here. This market would rip apart someone like me.


Anyway, my current view happens to be very close to Saxobank's Steen Jakobsen and I'm still sitting pretty with plenty of cash.

Some people tell me that I'm dumb to be out of the market for "no reason". But I really don't feel like I'm missing out much.

YTD, the STI is down almost 1%.
YTD, the SPY is up only 2%.

"Opportunity cost" of being on the "sidelines"?

Doesn't really seem like there is a lot of "cost" to me.

My main reason for being out is that the upside of stocks looks paltry at best, while the downside seems more probably and painful.

I view bonds somewhat similar as well, and this fund company seems to think so as well.

I'm not saying that this or that is going to crash because, who knows right? I'm just saying that I rather not bet my shirt over chump change.

TCW's Jerry Cudzil had this to say,
"Whether it happens tomorrow or in six months, 
do you want look silly before the market sells off or after?"
I'm perfectly fine looking like an idiot. My net worth is still increasing every month and that's all that matters to me.

2 comments:

  1. Hi,

    Does that mean u have sold off your holdings? Or just not buying more? Am undecided whether to enter the US market, SGX is mostly overpriced imo

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