Knowing that I would have a professional crossing of the Rubicon this year at about now, and it is now happening, and further aware that it would be exceptionally time consuming, earlier I made my bets - gold, oil, silver, cash, miners via NGD, GDX, HL and GDXJ, agricultiural land via MOO and high dividends thanks to NLY, all of which have remained unchanged since January.
Oh, and a smidgen of QCOM; it prints cash better than Bernanke.
I did this for purely personal reasons: do not have time to fine tune, assess, etc., except in a very general way, as I am exceptionally busy on several fronts, feel like I am fighting Battle of the Bulge, Stalingrad and Verdun all at the same time.
When things settle down, I will once again engage more diligently. I prepared in January per previously described positioning with which I am quite comfortable and which is on autopilot because of necessity.
A PF I don't worry about. In the meantime, I am tending to my professional knitting, setting foundation for increasing said PF.
My overall view has not changed: It is impossible to sucessfully navigate out of a crisis created by extravagant and unpayable debt by incurring even more extravagant debt, as the House of Representatives is doing as we speak in its insane health care initiative. I would have thought that the bailouts were sufficient, but it appears I have misunderestimated the things a professional politician will do to stay in office. |
