[quote=scaredyclassic]ah, you’re right. i do in my heart believe there is some reality that things have to come back to.
i think my statements are just evidence that i’ve finally capitulated to the bulls, which is an extremely bearish sign.
here’s what i find difficult personally, and why i think it’s important to automatic invest. sometimes good things happen to you, repeatedly, and you pile up much more cash than you might have expected. it’s very difficult to put it anywhere and to wait for “value”. where if you’re just on a robot invest situation,a nd everything is set every month, there’s no more thinking.
it feels like when you are stuck with a lot of cash, you by default become kind of market timer, even if it’s a relatively long term investment because you sit there waiting to pull a trigger. but that’s not really market timing, that’s just being afraid to commit to the buy portion of buy a nd hold on a given day with a large amount of money.[/quote]
I think systematic investing is good and it’s smart that you’ve found a way to automate it… that reduces the chance of making emotional decisions.
But I do want to clarify one thing. I’m not thinking in terms of “investing” vs “not investing” as a binary thing. There’s a world of investments out there and at any given time, some are probably priced for decent returns. So it’s more a question of “investing in what?” I’m hoping that having made that distinction, some of the things I said will make more sense.
