Rich Golod, whose great advice in late 2007 (kept me out
of the market since Oct 30, 2007), has turned positive.
His latest commentary is a must read.
http://www.vankampen.com/VKContent/Public/Resources/Public/Commentary/Golod0909.pdf
Quieromasdinero
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I AM AFRAID TO TURN ON MSNBC FOR FEAR OF SEEING THE DJIA FALL TO SINGLE DIGITS. WHAT SHOULD I DO?
ReplyDeleteSigned: Nervous in Nantucket
Been lucky and fortunate to heed the advice from Richard Golod on 9/09 when he turned positive on the market (see my blog entry dated 9/27/09).
ReplyDeleteI continue to maintain a long term position in Apple and Google, buying on dips – (bought more Apple today).
AND I like being liquid with over 60% of my retirement $ invested in US Treasury money market funds spread across several fund families. (yeah 15 basis points is disgusting - better than a 3% yield on dividend stocks which can get hit another 15%)
High end real estate getting cheaper- a 9,000 + square ft showcase builder house by Pruett which was listed for over $4M last year was just “dumped” by a bank for $1.5M.
As my dear friend advised me in 1989 (after his friendly bankers called his loans on
on all his credit lines on which he was current), "Never, never will I allow my self to be in a position where I can't write a check and pay off ALL my loans!"
In the film industry, they call that “F” You money.
Stay liquid and enjoy life!