Posted on 08/24/2015 2:57:20 AM PDT by Enlightened1
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Hmm.. I am in about 350-400 different equities, bonds, ETFs, REITs, real estate, etc. etc.,etc Way too paranoid to stick with just one fund. 35% cash position right now, and just dying for a big correction to jump back in feet first.
I wrote an investment advise thing a few weeks ago. Let me find and re-post.
It is not too late, we can blame Bush! /Sarc
Holy crap
At work now so can’t follow closely- thanks
Clinton did, and George 1 grew government. But with those two, they knew limits. GWB and Obama, and now we’re so far down that slippery slope it’s destination...trash heap of failed civilizations.
If interest rates were allowed to freely float they would have skyrocketed during the 2008 crisis. That would have crashed credit markets, ruined urban finances which were already weak, and cost the economy a terrible year. But, it would have brought bargain hunters and the prudent back into the market. It would have shaken out the cobwebs and forced cities into bankruptcy. It would have reset the political clock.
Instead we have a crony managed economy where politicians work to maintain the status quo. 12 people decide interest rates for a nation of over 300 million. Like a river wanting to flow our massive economy is jumping the banks designed by central planners who don't know the future any better than you or I do.
Sadly, there isn't a front runner willing to reduce government's role in the economy. All governments are socialist institutions. The Founders knew this implicitly even though they didn't have the language to name it. If you don't keep government small by reach and size, then you get European socialism (monarchism/aristocracy/oligarchy - it's all the same essentially), eventual collapse and tyranny.
The problem is government, but half the country believes a little more poison is good for the body.
Thanks. Do you hold RE in a REIT, partnership, personally?
The DOW finishes up 100 points on the day. The PPT will step in today.
1. Priority 1 should be eliminating or reducing debt. I view debt payments by default as negative income.
2. Competitively bid all aspects of your expenses. Get the utmost value down to the penny for everything you buy, or services you secure. Over years and years, you would be surprised how much this adds to your net worth balance sheet.
3. Keep your investment portfolio that is intended toward goals... i.e retirement as an example, in strong conservative investments. When you have those bases covered, then you can look at speculative plays.
4. I invested zero in the dot coms in the '90's. My father gave me the best advise of all in that era.. "Why would you ever invest in anything that doesn't make money?" To me that rules still applies today.
5. I have found that the simple rule of putting 100- your age in equities worked pretty well for me. Maybe not for everyone, but........
6. Research and "like". When investing, I tend to get into stocks which I think have good products that I like. Before getting in I research it to death too. A Low P/E is often a good indicator. Furthermore, is there a long term demand for the product too.
7. The best time often to invest is when everyone is rushing out the door. The is the toughest part, but finding a price bottom, is golden toward finding long term return.
8. Monitor investments and net worth monthly. Research, evaluate, and adjust as needed.
9. Don't fall in love with a stock/fund/etc. so much that you resist selling when the fruit is ripe. Don't forget that your favorite stock is not a family member.
10. Never forget that a SHTF scenario is always a possibility. Remote, but still there. Have a base amount of investments that will address. Metals, Land, etc.
11. Formulate and adhere to three different budget scenarios... (1) Regular (2) Austerity (3) Emergency
Nasdaq circuit breakers were just activated. It hit -5%.
No , I prefer funds, alot easier on the tax preparation front.
Ditto me that.....it only took one ass-reaming for me to learn my lesson: Cash is king - we sure don't earn anything, but we don't lose anything either, other than to inflation.............and a good night's sleep is much easier.
It’s -615 right now.
I understand your anxiety, but in my case, losing my net worth to 3% inflation would cause me to lose sleep.
Great point. That is why so much of American investment is now outside the country. We are our worst enemy.
3.5% down on S&P futures, no where near the 7% trigger at DJ. Looks like business as usually, (at least for awhile).
Oil 38.19
Remember 2 years ago oil was over $100 a barrel.
Yet were still paying way too much at the pump.
If Gas was really reflective of the market, then it would be about .90 cents a gallon.
I live in South Jersey and the price yesterday at the tank was 2.09/gal.
Futures just dropped to -820. Hardly business as usual
Sorry, I left the /s tag off. I stated that in context of triggering circuit breakers.
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