SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Young and Older Folk Portfolio
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: chowder who wrote (1602)10/19/2023 3:01:19 PM
From: chowder2 Recommendations

Recommended By
1RustyNail
Menominee

   of 23721
 
With the current condition of the market being in correction mode, and not expected to do anything until the next Fed meeting, I think raising cash is the better option at this point on any earnings announcement that provides weak guidance going forward.

I had taken a good amount of capital gains out of GPC last year and decided today, after a horrible report to simply liquidate the entire position and put the proceeds into a MM fund drawing 5% interest. GPC has a 2.56% yield. This remaining position was showing a 40% profit. I wasn't about to let that go. I can always buy GPC back next year after I'm confident we aren't going to have that recession so many people have been talking about.

My concern is the Fed might screw up because they rely on lagging indicators as opposed to leading indicators, and that means they might over do it.

I'll continue to add to high yielding assets though as income growth does remain the priority.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News