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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (35013)	11/1/1998 12:40:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 132070

I am asking how you advise people who listen to your advice to factor in their privately held assets. For example, earlier you have stated that cef's are good values here. But someone who owned an import company and held tremendous assets already in SE Asia, perhaps should not rush to put more money in that area, as that person already has a high exposure. At some point you might say that reit's looked great to you. Yet, if someone already privately held a lot of real estate, that idea might not work for them. Say someone had a small u.s. based company, like a hardware store. should that be considered as part of their long portfolio, as they already have exposure to the economy. Thanks

To: Knighty Tin who wrote (35013)	11/1/1998 1:00:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 132070

Or Mike, Let's say someone bought into 90/10 and went to deploy the 90% in income producing spread positions, yet at the same time had a wallet full of 22% credit cards with balances. That would be dumb. I daresay MB would payoff a high rate credit card with his first extra dollar before adding to his income portfolio. Certainly everyone that strategizes on this thread has external finances. How do you advise them to think about integrating their thinking about external finances with what they are doing in their portfolio?

To: Knighty Tin who wrote (35013)	11/2/1998 9:34:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

mike, if the fed keeps lowing rates what will happen to mortgage rates? will they stay the same or move higher in anticipation of inflation caused by the easy money?

To: Knighty Tin who wrote (35013)	11/2/1998 10:24:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

To All, Investment notes: 1. US savings rate turns negative for the first time ever. As expected, the reckless cutting of rates by Alan the Enabler has led to more debt, more spending and less savings in the economy. And brokerage analysts still dare to talk about how the Baby Boom is getting ready for retirement. Have they ever heard of Bonus Village? 2. I sold a third of SLB today. It was the only driller where I had a full position. I still love it and think it is going much higher, but when the ducks are quacking, I feed them. I expect to buy it back later this week or early next week after the herd starts grazing and stops stampeding. 3. Morgan Stuckup figured out that the chip equipment cos. are overpriced. Duh! <G> 4. I am letting some more Dell spread conversions go today. 5. I have unwound buy writes and spread conversions in The Mexico Fund. I have also sold my straight holding in it. Adios, Mexico, thanks for the pesos. <G> 6. Ciena. What can I say? I could have bought it better, at $9 instead of $12, but I'm still relatively pleased with the speed and conviction of its bounce. 7. Diamonds are Forever. DeBeers is lookin' good. 8. Don't look now, but Chile Fund is pushing $10. Chile today, hot tamale. MB