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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (48912)2/25/1999 2:56:00 PM
From: Alias Shrugged  Read Replies (1) of 132070
 
Mike

Can you follow up on the conversation CB, Earlie and Mary Cluney are having. Mary is showing a genuine interest in finding out practical steps to be taken to protect herself if the bear comes. Could you please offer the thread a 10 or 20 step program, assuming someone is heavily invested in Large Cap Growth US equities, with the steps proceeding from least to most aggressive.

I will throw out a few ideas (and let you offer the real thing!).

1. Keep your stock, buy some puts.
2. Sell most (all?) of these stocks. [Mary: Investing in money market earning 5% doesn't look too slick now; 1 year from now, earning 5% while the market has dropped 30% will look make you look like a gneius]
3. Hedge against inflation and sinking dollar. (Buy CEFs of beaten down countries; buy natural resource stocks including oil, gold, etc.)
4. Buy nekkid puts on the "bloated ones"

Thanks

Mike
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