- Joined
- Apr 22, 2007
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Trading stock is not wise. Investing in stocks for the long term is very wise.
That means buying good companies at discounted prices or great companies at fair prices. All one needs to do is find good companies which WallStreet hates and thus are cheap on a relative basis. The key here is to be patient and give the street time to see the error of their ways.
Right now I'm sitting on the largest cash position I've ever held. With the market at all time highs I'm happy to wait for a correction or bear market. I am buying certain gold miners right now near their 52 week lows. I'm happy to wait a few years to earn 100 percent return on my money.