What to do when you are in cash, waiting for the market to correct?
This question reminds me of when I was a young broker, training to speak to affluent people without making myself look/sound like an idiot. My mentor would always tell me “never think with your own pocket.”
What does that mean?
It means, just because you’re a piker and can’t afford to spend 200k on a kitchen renovation, that doesn’t mean that everyone else is a piker. Never talk with your own pocket, no matter how big of a shot you think you are. There is always someone bigger. On the other hand, try to avoid exaggerating your position in life to the point people think you’re hallucinating. A good, young, manager of other people’s money is humble and listens to what is being said to him. He will filter the message and try to tackle the issue.
Now a good finance blogger will not call a roaring bull market boring, just because it’s dull for him. Just because you’re in cash doesn’t mean your readers are in cash. Moreover, if you’re bearish, don’t alienate 90% of the people who read you by ignoring them.
Another topic worth discussing is humor and how to use it.
Comedy is not for everyone. Some of us can spin a story and make it funny, others bring disaster to their names by feebly delivering hard to understand jokes. If you’re not funny in real life, odds are, you’re not funny on the interwebs.
Lastly, I want to discuss the matter of being abrasively cocky and how it pertains to being childish.
When blogging, try to avoid torching your readers with napalm. Ninety-nine percent of you will be unable to chastise your readers correctly, because you were spun from inferior silk. The texture of your outer-garments are of the burlap variety. Do not write in such a manner that you are abrasively cocky because that, my friends, is childish. No one listens to a child. They have no authority.
The best form of humor is the self-deprecating kind, mixed in with a little insanity. I find myself at home on iBC when the halls are polished, floors waxed and the population in a state of catatonic shock.