Market - My portfolio strategy (part I)

Hi all,
 
For those who are curious of what I have in my portfolio, here they
are:
 
BP,FMO,MWE,JNJ,HBC,WFC,ACAS,AINV,PSEC,NGPC,RYN,MLER.OB
 
With the exception of MLER.OB, they are meant to generate income.  Hopefully,
the income will increase over time and rate of increase will match/surpass that
of cost of living.
 
At this time I see that there is a great deal of risk in the financial markets
as Federal Reserve continues to raise interest rates.  At this time I would
like to point out a few things:
 
1. Predicting what the Fed will do is a waste of time.  You won't know when
rate hikes are finished until after the fact.
 
2. The most profitable and dangerous time to buy is when asset prices are
accelerating upward while interest rates are going up.  That is when things
(underlying conditions/events for rising rates) are so rosy and speculation is
the most rampant.  As asset prices moves up for longer and longer time, people
will find more reasons to be bullish regardless of how overvalued such asset
may be and become less cautious.
 
3. "Risk" is something that is not obvious because it cannot be gauged by price
alone -- it can only be understood through analysis.  When an asset has been
overvalued for a prolonged period of time, it doesn't mean that the risk of
loss has diminished in any way.  The true picture of risk depends on all the
relavant information relating to supply/demand of the asset as well as the
underlying fundamentals of such asset.