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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (58578)	12/4/2016 2:57:22 PM
From: Paul Senior	Respond to of 78748

FWIW, I am holding the most cash now since 2010 but having a hard time finding the bargains that were available then. I am the same. Had a high cash component even before the election. Since then I've been selling down or selling off preferreds and slow-growing reits that don't provide at least a 6% yield. And that has pumped up my cash component to record level. I'm looking for Fed rate hikes next year, making preferreds/reits that yield 6% less attractive (vs. yields that might be available on plain treasuries, and also makes them more risky (subject to further price decline) jmo.) Plus, with some actual effort to stimulate the economy with fiscal actions, that makes other areas of investment more attractive to me. So many stocks have already had anticipatory moves though, that the bargains seem scarce. (Or maybe they're there in sufficient enough number, but I haven't recognized them.)