seattle prattle wrote:
Ghost of Igloi wrote:
You entirely miss the idea. At every point in time someone has to hold each share of stock. Equity allocations are at the highest level, margin buying is at the highest level. Sure you may be the lucky one that navigates the next downturn, most will not. Instead most will increase the equity exposure at the top, sell those same shares at the bottom.
We’ll see who has wasted their efforts for “profits” that were not durable.
So several posters point out that now that the market is at these high levels, they are leaving some cash on the sidelines to buy on a downturn. But GOI somehow construes this to mean "Equity allocations are at the highest level, margin buying is at the highest level." Where did he get that? Surely not from anything posted here.
OK, at current valuations, what do you consider a proper equity allocation for someone that is 60 years old?