RE: North Sea Booming for analysts with sufficient braincells to see the facts!26 Sep 2023 08:27
Stock market investing isn't just about buying. Knowing when to sell is equally important, if not more so. I told you of the drop in the value of my investments. If I had sold I would avoided that fall. (** Knowing of the mockery and insults that will attract, I add a side note - I'm not too worried. In many years of investing I've seen ups and downs. They are good quality companies and will come back.)
Back on topic - selling is important.
In August I posted a link to an interview with a top fund manager who made a forecast. As usual, my post was mocked and scorned. I got abuse simply for posting an interview, which they could have chosen to listen to or to ignore.
I mention it again because this morning on the BBC news was an item that backed up what Ed Dowd had to say. I think this is the fourth time since I first posted that interview, that evidence has emerged to back up what Ed Dowd said.
With a track record like his, and with evidence constantly confirming his views, it is stupid to ignore his forecast, so for your benefit, here it is.
Ed Dowd, top fund manager, former BlackRock fund manager
At 24 mins - being in the market now is a mug's game, get into cash and soon you will be buying your favourite stocks dirt cheap.
In the interview prior to that comment, he explains how his forecasts lead to that conclusion - forecasts based on his analysis of official statistics (including UK gov't data) and what is going on in the world.
https://usawatchdog.com/cv19-vax-is-a-crime-coverup-ed-dowd/