Until 2-3 weeks ago, was usually 95% invested and had been so since April 2009.
However of the 30 or so stocks that I follow closely (many selling and rebuying,etc), they now seem to me to be fully valued. Consequently am selling any holdings as soon as they look like sliding. Right now am about 15% cash and expect this figure to increase.
Also as someone who has been investing for a long time, am very much aware that the market is now entering its quiet period and will remain so till February.
Am expecting that after February, 2010 will a solid growth year for the Australian market.
