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).
Continue to maintain a long term position in Apple and Google, buying on dips – (bought more Apple today)
60% in cash - Yup remaining liquid - $ n 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! - $150 square ft on 3/4 acre prime lot in the Concession!
As my dear friend advised me in 1989 (after his friendly bankers called his loans 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!
Subscribe to:
Post Comments (Atom)
LIQUID is good. I avoid too much thought about world markets and The US economy, it is anxiety provoking. I do have a pile in the equities market and like most piles, it is a pain in the ass. The market is bouncing around like a toddler on sugar. I am seriously considering going back to all Cash investments even though they provide insultingly low yields...
ReplyDelete