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Non-Tech : The Critical Investing Workshop
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To: jambo-bwana who wrote (34681)3/8/2001 9:33:45 AM
From: bonnuss_in_austin  Read Replies (1) of 35685
 
jambo: I am interested in what you are doing in this market.

If I've learned anything over the past year, it is to diversify in terms of instrument.

I'm setting up an annuity with about 50% of my total holdings, which are 95% cash right now. (I'm trading puts with remaining 5% on QQQs and the bubble tech P/Es i.e. RIMM, BRCD, CSCO was a good 'un, CIEN ... and, oh yes, NEWP <LMAO>) ... Am selling house to take profits while I have them (bought the place four years ago specifically as investment as appreciation has boomed along with Austin's growth as a tech center ... making this area particularly vulnerable ... I fear it's going to tank as fast or faster on the way down as it boomed on the way up via tech) ... I plan to rent for a year before buying any real estate ... those of us who lived here during the real estate crash of the mid-80s know exactly how bad that market can go ... and I think this time will be even worse. You should see the Round Rock area near DELL HQ ... overbuilt doesn't begin to describe what's happened out there.

Anyway, would you mind if I ask you what you would do with about $175K in an annuity situation? Will be 13 years before maturity. I want something SAFE, damnit. CDs is what i'm thinking right now. MFs scare me. What about bonds? (Gold seems to me to be a bit too strange, if you know what I mean <g> ... like at a level of superstitious paranoia equivalent to stuffing cash into the boxsprings, like that ... )

What do you think, jambo ... and others?

TIA!
'b-i-a'
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