Don't you sleep
No. Something's going to give, and it will likely be
my journalism and web participation. My site will
get a stripped down revision as well.
A guaranteed 9% after tax return
Keep in mind I usually don't mean my money when I say
"I invested." There's really 4 family portfolios that I'm managing.
Personally, I'm up to my ears in med school debt and generally don't
have the cash to invest. In fact, the last time I invested my own
was in late 1996. I took what money I had a that time
and plowed it into a guaranteed 9% by paying off loans - in
retrospect not the right decision.
That said, I've moved the sealpoint portfolio to 26% cash in order
to pay off the last of a 9% mortgage - giving a guaranteed
9% after-tax return. Now it's 100% long stocks again, and I'm looking
for other guaranteed high returns in that portfolio.
The portfolio that owns the prudent bear, is short nike, and
has taken stakes in APF and the India Fund also is long
Ciena, HP, SJP, Deswell, Telebras, Elamex. In other words,
three US longs making up less than 25% of the portfolio. No guaranteed 9% options available to me in this one. Same goes
for the retirement fund.
My personal accounts? Well, I finally got a lump sum to invest,
and used 2/3 of it to pay off 8-12% debt, and am holding the rest in
a 5% MM account - in my local bank, far from Wall Street.
In other words, that guaranteed 9% is elusive, but I'm jumping on
it where I can. Last time I was this paranoid, the market ignored
me and romped ever upward.
Mike |
