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Strategies & Market Trends : Value Investing

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To: Grantcw who wrote (43247)	7/10/2011 2:25:10 PM
From: Jurgis Bekepuris	Read Replies (1) of 78476

Grant, I agree with most of what you said. Just a short comment on: if I could find a closed-end fund that paid 6-8% for me to wait for a correction (and then not fall with the correction), I would put a good percentage of my portfolio into that and just wait. But, I'm not sure if such an investment exists. No, it doesn't. But if someone finds it, please let me know. :) Maybe I could get 6-8% with preferred's, corporate bonds, or mortgages, but all of those crashed in the last crash also. Exactly. Like Buffett said, he wants to be able to pay no matter what. So he holds short term treasury bills which is pretty equivalent to cash/MM. I'm again just buying these cheap tech stocks and hoping in a correction they wouldn't fall much more. They probably will fall if there's a crash. But given that the crash is not guaranteed, they should be good investments. :)

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