mad as hell
Rant on youtube
I heard him interviewed today. When asked for details, he seemed to have no clue about why he said what he said ... the very definition of a rant ...
--Ms. D.
Click me
On page 5 of that thread, you will find this quote by me (dated July 16):
Quote:I sold all my equities and treasuries. I'm holding onto my CD's, TIPS and muni's for now. The brinksmanship is just too frightening. If no agreement is made this week, by the week after markets will tumble.
No one responded to this ... I am truly sorry for those who have lost so much ... my bonds have skyrocketed ...
--Ms. D.
Quote: dihaigDid anyone see the Dylan Ratigan rant? Comments
Howard Beale #2?
Quote: DorothyGaleQuote:I sold all my equities and treasuries. I'm holding onto my CD's, TIPS and muni's for now. The brinksmanship is just too frightening. If no agreement is made this week, by the week after markets will tumble.
No one responded to this ... I am truly sorry for those who have lost so much ... my bonds have skyrocketed ...
--Ms. D.
Hmm, must be true.
Quote: DorothyGaleI sold all my equities and treasuries. I'm holding onto my CD's, TIPS and muni's for now. The brinksmanship is just too frightening. If no agreement is made this week, by the week after markets will tumble. I am truly sorry for those who have lost so much ... my bonds have skyrocketed ...
--Ms. D.
I applaud your move, but honestly you should never sell *all* ... proper girlish investing believes in *some* diversification, no?
I sold $10s of thousands in stocks in April. Only us guys will buy back in now? Can some lady tell me where the bottom is? [g]
Quote: odiousgambitI applaud your move, but honestly you should never sell *all* ... proper girlish investing believes in *some* diversification, no?
I sold $10s of thousands in stocks in April. Only us guys will buy back in now? Can some lady tell me where the bottom is? [g]
The bottom is near after the gang of 12 reach a decision to cut 1.2T and Europe fixes its debt issues for the near term with some sort of austerity measure ... and if these things don't happen, I'll be glad to stay out for a while and sit on the cash ...
By the way, I read some pretty bad advice yesterday ... given by a guy ... it said something like "because you've selected a certain percentage of your portfolio to be equities, and equities have declined, you need to sell your bonds and buy more equities to re-balance your portfolio" ... this is formulaic nonsense that has nothing to do with understanding the current irrationality and fear driven sell-off ... even sillier than that ... it implies that you should always buy when the market goes down and sell when the market goes up ...
--Ms. D.
Quote: DorothyGaleQuote: odiousgambitI applaud your move, but honestly you should never sell *all* ... proper girlish investing believes in *some* diversification, no?
I sold $10s of thousands in stocks in April. Only us guys will buy back in now? Can some lady tell me where the bottom is? [g]
The bottom is near after the gang of 12 reach a decision to cut 1.2T and Europe fixes its debt issues for the near term with some sort of austerity measure ... and if these things don't happen, I'll be glad to stay out for a while and sit on the cash ...
By the way, I read some pretty bad advice yesterday ... given by a guy ... it said something like "because you've selected a certain percentage of your portfolio to be equities, and equities have declined, you need to sell your bonds and buy more equities to re-balance your portfolio" ... this is formulaic nonsense that has nothing to do with understanding the current irrationality and fear driven sell-off ... even sillier than that ... it implies that you should always buy when the market goes down and sell when the market goes up ...
--Ms. D.
I'd agree. The market follows trends and if it's going down it will usually go down for a while. Rather than speculate where the bottom is it's best just to wait until it starts recovering a bit and then jump on. I have always been taught and read in financial books to be constantly re-balancing your portfolio. While diversification is important, your never going to be successful if you're always selling winning investments and putting the money back into bad ones.
Quote: DorothyGalethis is formulaic nonsense that has nothing to do with understanding the current irrationality and fear driven sell-off
--Ms. D.
Trying to keep your portfolio in balance is a very convenient approach. I have to agree with you, though, that at the moment it is a pretty silly thing to say.
One problem with me is I approach the 10 yr horizon, meaning visualizing retirement in 10 yrs, but I never reach it. If I could, it would mean paying less attention to stocks and more attention to this balancing thing. BTW to have the proportion of bonds/cash match your age in percentage is too conservative for me.
