What do you do, when you don't know what to do?

There will be times in your life when you will reach a point where you reach a crossroads and are unsure which path to take. When that happens, you must rely on your knowledge of the past, your convictions regarding the future, and your ultimate goals.

Yes, you will need to listen to advisors. You will need to consider what you know regarding similar past situations. You will carefully consider all options and their possible outcomes.

When you are at a crossroads, and you have a choice of different paths, remember... doing nothing is also an option. You can always adopt a "wait and see" approach. Maybe, after all you have considered, you still may not have enough information for you to pull the trigger on a decision. Taking a "wait and see approach" is not that bad, in fact, it may the the best option at that time. Not making a firm decision, is a decision unto itself.

Warren Buffett once said: "You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long, dry spells. If I get an idea next week, I’ll do something. If not, I won't do a damn thing."

There will be times like these. I have had many. I'm having one now!

Investing can be a challenging occupation - especially in the current world environment of wars, government debt, high inflation, climate change hype, ESG hype, looming recessions, US bank failures, etc. It's not a fun time.

As such, yes, I am invested in rather boring and safe investments that are solid companies producing consistent yields, and avoiding growth companies who are "burning cash" and trading based on a "narative" rather than actual turnover and real profits.

I like consistent profitable companies, not so much the companies that "may do well sometime in the future, with the hope they don't run out of cash and go broke in the meantime".

Don't get me wrong, I'm happy to commit a very small percentage in order to have a "punt" on a speculative buy - but not very often.

Right now, I have chosen not to be fully invested, but rather to take a "wait and see" approach. I have chosen to wait until I see a clear direction in the economy or a really clear value opportunity, before committing any further cash.

Will I miss opportunities because of this strategy? - quite possibly.

Will I be able to sleep at night because of this strategy? - yes, absolutely.

According to Warren Buffett, investing has two rules.

Rule #1: Do not lose your money

Rule #2: Do not forget Rule #1.