Value Microcaps Motherboard

[cliffvb]

Fully invested...pros and cons
I agree with R59 that trying to time the market is generally a waste of time. I first started seriously investing in the market back in 2000 which was the peak of the speculative fervor. Many of the favs for that period are selling at small fractions of where they were then. I avoided the favs and only bought the value stocks, particularly small and microcaps which were not followed by analysts.

Since then my portfolio has generated over 40% average annual returns.I prefer to be fully invested but I have noticed over the last few months that my cash account has swelled as I have been unable to find nearly as many good value stocks as I have sold recently. It could be that the market for microcap value stocks is becoming more efficient as boards such as this great one have larger and larger followings. It could also be that the market is simply becoming overvalued and is due for a correction.

I'm not smart to figure that one out but I'll look forward to see where we go from here.