My friend asked me on the current market view. My answer to him is 'Why should I sell if my investment horizon is 50 years and above?'
Consider the following scenarios:
You are the business owner of a small business that co-own with Mr. Market. Everyday, Mr. Market will ask you to sell or buy according to his mood. Sometime, he is very optimistic of the future, and he is willing to buy at a higher price for your stake. Sometime, he is very pessimistic of the future, and he is willing to sell you at lower price for his stake.
We should always make use of Mr. Market's mood to gain the arbitrage profit from there.
http://www.jackphanginvestment.com/2011/07/why-should-i-need-to-sell-if-my.html
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
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