Last year, I did two major sell-off from my portfolio. Eventually I ended up with as much as 75% cash from my stock-bond-cash-portfolio at one point and continue to hold more than 60% cash up to end of last year.
The first sell-off was just before 22 Aug 2015 when somehow I do not feel good after the China July first stock market crash. I blogged about it. Refer here.
The second major sell-off was right after I visited a respected elder "my ex-boss" for the sake of presenting to him a small gift and a card to tell him how much I am grateful to him. For without him, I will not have what I have today both in wealth and more importantly the much improved wisdom in life. In return, he handed me a book to read - "The Harbinger"! I also blogged about it. Refer here.
After reading the book, I feel uneasy about the stock market. Each night I will crazily spend hours reading online and listening on youtube to those experienced investors what they feel about the market going forward.
Who are the so-called experienced investors I followed?
After researching and going through many filters, the experienced investors to me, are Ray Dalio, George Soros, Robert Shiller, Jim Rogers, Carl Icahn, Marc Faber and Peter Schiff.
And why am I so damn sure that they will be right?
I am not sure! What I am sure was back then I somehow feel very strongly connected to these people! Their eyes and "body language" somehow tell me more things than the words they speak! They somehow reveal to me that they telling the truth for reasons not just with the aim of solely to create more wealth for themselves or to prove to this world that they are right, BUT all I feel is their need to speak the truth! And nothing but the truth for the greater good of people!
Hmm.... Robert Kiyosaki also speak about the crash in 2016, but he somehow did not give me the same feeling as those I mentioned earlier.
Today I am grateful that I am blessed with a good position of cash to take advantage of the situation.
Maybe sometimes it's better to use your "Gut" than Logic!