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Pastimes : JESUS and FINANCIAL FREEDOM
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To: Jane Hafker who wrote (1103)12/31/1998 3:08:00 PM
From: gregor  Read Replies (1) of 1283
 
Hello Jane:

It has been a very trying year for most investors. The economy should be very healthy going into the new year. I heard last night that 10 trillion dollars of new wealth has been created in the stock market the past few years. People feel prosperous and will continue to spend even if the rest of the world languishes in recession. Look for good growth in the first half and then a cool down in the last half.

I must thank the good Lord for a good year .I had some losses in some individual issues, but my mutual funds have done really well. We called the bottom in early Oct. I've recently gotten out of all of my growth positions. I have a very defensive position now. Yesterday I went 42 % into OIX stocks, via VGENX and I have been in FSESX Fidelity Select Oil Service. VGENX is Vanguards Energy fund. All the rest is split between Em Mkt bonds, Hi Yi Bonds, REIT fund, and a little Gold.

I'm not at all saying that the growth and tech sectors are going to tank . It is just that for me I have come to realize that I do not wish to tolerate the volatility. I actually run from it. Even Einstein could not quite fathom the prosperity of compound returns. Over time 10 to 15% returns will make you financially independent. During Nehemiah's return to Jerusalem the people of God were in bondage and the going rate of interest they were paying was "only 1% per year" so as the good book says ..owe no man, and much better a lender than a borrower to be...

In Christ.gregor
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