Tips for surviving a correction

[fenders53]

(03-05-2020, 02:03 PM)vbin Wrote:

(03-05-2020, 01:47 PM)fenders53 Wrote:

(03-05-2020, 12:49 PM)vbin Wrote:

(03-05-2020, 11:50 AM)fenders53 Wrote:

(03-05-2020, 10:03 AM)vbin Wrote: It's escalating in europe. Sharing Ray Dalio's recent post, he makes some good points.

https://www.linkedin.com/pulse/my-though...-ray-dalio

I enjoy Dalio's contributions, he is very intelligent, but he has been a perma-bear for a decade.  My port would be missing $200K the past few years had I taken his advice and missed the last half of the bull run.  He always make good points, then the market runs higher anyway.  He'll be right again someday, but he has been worse than a fortune cookie for 4 years. He always fights the tape.

If you read his book, he has admitted that he predicted it right multiple times but too early

Years ahead is much worse than a useless prediction.  It's advice that costs you LOTs of money. You get it right once and then you sit on your hands for 5+ years.  You can't possibly justify following his advice was profitable.  He'll be right again someday.

Not entirely. If markets were to correct 30-40% a year doesn't mean much.

That will happen someday, and if you react to his predictions five years early you will still lose.  Like I said, a very intelligent guy and if you heeded his advice you would now need a 50%+ market correction to be back to even.  He'll be right someday, maybe soon, and and it won't change the fact you left huge money on the table waiting for him to be right.