As I do every year, I just finished evaluating the year 2018 and for me it was a big "learning" year while I attended more advanced classes at the School of Hard Knocks. I did many things right and also did some things wrong, but I learned a great deal along the way. I wish I could say I made a lot of money this past year, but in reality, I lost about 5 percent for the year. Took on a bit too much risk on a couple of occasions and the market handed my head back to me on a gold platter. It happens and then you apply what you learn the next time around. Thank you Sean. LI was one of my best decisions I made this year and I am fully invested in our entire portfolio short a of a couple more average downs. I sleep like a baby while I patiently wait for fundamental value to return to our good solid companies. In the meantime......... I get to enjoy my Blessed Life. Looking forward to what awaits us all in 2019. It will be interesting for sure and I for one am happy to know where my strength comes from. Lead on Joseph..... :-) Click on a great classic below.
Amen. Thanks, Joseph. Great to hear. Yes, knowing how solid a company is and that your starting point of investing is at a point of value and your other points take advantage of excessive pessimism that grants you even deeper value (lower P/E's, higher dividend yields and higher long-term returns), you can even be comfortable with bear markets and volatility.
Typically, "themes" in the market change with the calendar change (more years than not). It will be interesting to see what those themes are...but rarely are the previous market leaders the coming market leaders in the next year. It will likely be a down year for the dollar and an up year for metals, mining stocks. And a year for some great averaging down points.