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Pastimes : Generation Xers--saving and investing strategy
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To: Mike McFarland who wrote ()10/27/1997 7:28:00 PM
From: Mike McFarland  Read Replies (2) of 100
 
Bailing out of things last week seems to have been a good idea, of course having been in equities to the tune of only 25% this past year was of course wrong...but it feels like a good place to be right now. So, even though I suspect nobody is reading my thread, I will say, looks like time to start shopping for a few things. I will probably start looking at CEF's again, especially those selling at discounts when the market is open here, after the markets have closed over there--tomorrow may see me nibble at FPF again...but I do like the thirds idea. e.g. if the Philippines go down another ten percent...and the fund is trading at a discount tommorow (supposing I can find that number) I'll re-establish a third of my old position...and add another third if it goes down another ten percent. Hopefully I will never get the chance to add the final one-third...and instead will be loading up on firesales in Korea, Hong Kong, Taiwan.

Not interested in Europe or South America at all, and except for a few individual issues that I happen to watch, I really dont care to have too much money at home. Like I have said before, I live here...it is really enough exposure here to be paid in greenbacks etc (admittedly, greenbacks are pretty nice to have of late).
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