Freeus, I am staying away from stocks I do not watch close. I am buying my favorites when they go down and exit them very soon, happy for a couple of points. I am not trying anything new, I am not making a killing as I have not learned the art of shorting, but making enough to pay the bills. Also I only am buying very small amounts so profit is small but so r losses. I do hold some longs, and like everyone else they r hurting, but I refuse to sell great companies that in maybe 5 years will still be around making great profits. We r in for a wild ride the next couple years, good time to stay in alot of cash. Money markets r paying 6%, and I have a CD paying 7.35%. You can buy I bonds at the bank, 30,000 max paying 7.60% ( that was as of Nov. so recheck) also reits r paying a good dividend but than you have a chance of losing cash. I have 2 reits HPT, that has held up beautifully in all this and Equity Residential,I am also looking at Cresent.But mostly I am CASH, and want to be more CASH as soon as we get a bear rally. Than as soon as I feel everything is in place in the government to end all this I will dive in. It might not be the bottom, but at least I will be safe.
Of a interesting note did you know that the federal Reserve is not part of the United States Government and is independant, I didnt, thought it was part of the government.
HG48 |
