The three elements of money mastery

[sutebayashi]

There's a danger of throwing the baby out with the bathwater if you ignore active funds out of principle.

I think it’s potentially useful to think about for example, selling everything when a financial crisis hits and going to cash. There’s a chance that you can buy it all back cheaper and do slightly better that would otherwise be the case.

But I also think if one is in for the longer term, going down in a financial crisis in the short term, won’t be a disaster over the longer term.

I believe the danger is in ignoring perhaps obvious easy returns. Kind of like when Abe first came to power and it was very clear that Japan wanted the yen lower. I did very well in that period.

But one needs to be careful to avoid over trading.