Keep cash ready for buying opportunities
Selling a stock like Digital Realty Trust, which hasn't gained much lately, will free up cash for whatever the current market brings.
Keep your cash ready for buying opportunities, but only after we see if the fiscal cliff is avoided, and the adults are back in charge after November.
Otherwise, buy the pharmacuetical companies. We are all going to need lots of meds to get through four more years like the last.
Good advice. It takes a lot of discipline and patience to implement. I just sold a rental home and have been gradually liquidating long bonds. Worst case, I expect to be able to buy them both back for less later. All the cash is going into money markets waiting for that or another bloodbath to buy back into. That’s how the bottom fishers like Buffett play the game, right? I’ll take the inflation hit and loss in purchasing power for a few years to remain positioned for that kind of opportunity. Meanwhile, all the daily market talk, predictions, promises, and pitches by market experts is just useless babble to me.
My buy in targets:
S&P 500 @ 6000
Gold @ $1200
Silver @ $20
Oil @ $65
Rental Real Estate (give me two years of property taxes and I’ll take it off your hands)
My 10 year old grandson could have written the above article, all those words to explain nothing, the gibberish that pours
out of the market "experts". I expect more from Jubak, talk to us as adults, not bedtime stories .
I remember reading a comment , when asked by a new arrival at a brokerage house, "what do they expect me to do, I
don't know much about the market". The response was "nobody here knows s---t, just bluff". That's the Market in a nut-shell. HFlax
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Traders might want to bite on BABA, but long-term investors have reasons to wait.
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