Good Post.

Traders and Investors will never agree so the following quotes from Alan sum it up:

"So if you’re trading shares then cash is king.
But if you have an income portfolio then it’s time to go shopping…hence Warren Buffet is running around with his cheque book.

Share traders must be prepared to change their trading tactics…the bull market is over.
If an income stock’s price goes lower then be prepared to ‘Dollar cost’ average it down.

In either case buy fundamentally sound defensive stocks with very manageable debt."

So one has to decide which of the above they are: Trader Vs Investor? Occasionally you find a person who is both and operate separate portfolios accordingly!

Me, I'm 100% an income investor nowadays. Gave up trading years ago because I like to earn income that continues regardless of whether I get out of bed or not. Essentially I'm lazy Plus I have met a hell of a lot more successful investors than I have traders!

As an experiment find very wealthy retiries and ask them how they got there.

Cheers - Gordon