To: Thomas M. who wrote (299 ) 11/4/1999 9:43:00 PM From: Richnorth Respond to of 538
FWIW, Weingarten recommends investing in real assets................Advice for investing in the 21st century BY HENRY WEINGARTEN, managing director of The Astrologers Fund, Inc. Have you made your New Year's Eve reservations yet for the year 2000? It's getting closer every day. You're already too late for many of the better choices in restaurants, clubs, cruise ships and hotels. But, it's still a very good time to begin thinking of preparing your portfolio for the next century. Some advance planning may prevent you from being stuck with expensive leftovers. With the stock market seemingly headed in only one direction, many are questioning the need for market timing. Yet the popularity of different sectors and industry groups wax and wane like the Moon. How and where to be in the market is just as important as knowing whether to be in it at all. Like the hands of a clock, planetary movements chart both major and minor stock market cycles. Market travelers want to know where the markets are going. Looking to the sky helps. We begin by looking backward: Since 1997 and before, two big cosmic markers have dominated the stock market. The first planetary theme was Jupiter-Neptune, or what Alan Greenspan named "irrational exuberance." Two astrologically winning sectors were entertainment and pharmaceutical industries. The second planetary theme was Jupiter-Uranus, or quick money. Not only have technology sector stocks soared, but momentum investing outperformed value investing. But hold on: As we approach May 2000, this exuberance will fast come down to Earth. The new planetary theme is Jupiter-Saturn. This major pairing of the two planets will reward value as much as growth, and markets will have more traditional common-sense valuations. Over the next two years, real assets will begin to outperform financial assets. I believe $100,000 invested in real estate today will be worth more than $100,000 invested in the stock market. Basic industries such as construction, real estate, consumer stocks or even insurance and education, will be favored. Think in terms of tangibles. If you are a very aggressive investor and have high risk tolerance, some commodities combined with stocks, bonds and cash may be appropriate. When you review your portfolio in 2001, you may be happier if you did not invest the way they did "way back when" in 1998! Instead use a FUTURE tool—financial astrology.