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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (6363)	9/10/2011 6:12:30 PM
From: Boca_PETE	Respond to of 10065

I missed $.40 NAV appreciation on that GNMA fund together with the premium interest income over what accrued in the floating rate fund. It seems to me that it's a very uncertain risky environment for all investments and currency values domestic and international at this juncture. How anyone could invest with confidence in anything is beyond my comprehension. Holding cash seems to be to be just as risky. P

To: Investor2 who wrote (6363)	9/10/2011 6:15:53 PM
From: marc ultra	1 Recommendation Read Replies (3) \| Respond to of 10065

Getting out of all the floating rate note stuff has turned out well as they all moved toward new lows in the current turbulence. While that turbulence primarily from Europe has boosted Treasuries and thus GNMAs, I can't be enthusiastic about them going forward. Moving the FFRHX money into perhaps the more risky FRIFX has worked OK so far and I'm still holding a lot of the conservative money I'm handling in cash until the current both credit and interest rate risk environment becomes more one or the other. As we continue to successfully test the 1119 closing climax benchmark low of 8/8, I think we're going to have a powerful new leg up in the bull when the final test is in so I'm very bullish on stocks whenever they test those lows. If this continues like 1998 a final retest may wait for the Oct-Nov timeframe but we could explode up at any time now.