02-20-2014, 09:08 AM
Buying a stock that is making new highs is one thing, buying at general highs when the market is getting long in the tooth, may be something entirely different. Could be fodder for the buy high, sell low crowd! I still think that a decent allocation of patient cash is an underrated asset. How many years will it take today's dividend investor to buy and get anywhere close to the return that was gotten by patient cash that bought shares of favorite issues in the winter thru early spring of 2009? I was caught fully deployed then, and vowed to almost always keep a supply of opportunity cash on hand.
Alex