Quote:
Originally Posted by sammyg2
See, this is part of what I've struggled with. I tried to predict outcomes in the market based on data, real results, and rational thinking and it didn't always work out well.
But I'm starting to get that it doesn't always matter if it makes sense, it doesn't matter if its rational.
Lately I've had better luck (and that's what it is, luck) when I bet on how the average Joe irrational and emotional investor will act and ignore the fundamentals.
I wish I was smart enough to predict the hedge-fund al-go-rhythms but that ain't gonna happen.
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Trying to guess the market is a losing proposition. Those brokers and hedge funds have rows of cubicles with people looking at trends and data all day long. As an individual you ain't gotta a chance to out guess em.
Don't be greedy. Have a balanced portfolio that is inline with your risk tolerance and rebalance quarterly.