I’m Going Long Right Now
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I’m Going Long Right Now
1–10 of 22 posts
Re: I’m Going Long Right Now
#2We've probably hit an intermediate term capitulative low here.
Re: I’m Going Long Right Now
#36 months ago when I put 90% of my savings into CDs, people around me told me I was playing it too safe...let me tell you, right now I am one happy person.
Re: I’m Going Long Right Now
#4His advice that the average person should not speculate in equities is sound, but he kind of ignores the fact that if you're 100% CDs you're a currency speculator. You're betting on the dollar and the US banking system. There is no true safe haven.
The more history I experience the more sense Harry Browne's old "Permanent Portfolio" makes. He said (if I recall correctly): A third equity indexes, a third bonds (weighted sovereign), a third gold, and make sure a third of the whole mix is not only internationally diversified but actually outside the control of your government. Rebalance once a year.
Re: I’m Going Long Right Now
#5This seems much less organized than a typical Cuban post.
Most disappointingly, he didn't give any supporting thoughts on his most interesting opinion:
"All that said. The stock market can humble me or anyone in a nano second. It could go a lot lower. I DO NOT SEE IT GOING DRAMATICALLY HIGHER. NO CHANCE IT GETS BACK TO 11k anytime soon."
Re: I’m Going Long Right Now
#6His advice that the average person should not speculate in equities is sound, but he kind of ignores the fact that if you're 100% CDs you're a currency speculator. You're betting on the dollar and the US banking system. There is no true safe haven. The more history I experience the more sense Harry Browne's old "Permanent Portfolio" makes. He said (if I recall correctly): A third equity indexes, a third bonds (weight…
How about substitution of real estate for gold? Real estate might not be en vogue right now - but at least you can grow food on a farm.
Re: I’m Going Long Right Now
#7His advice that the average person should not speculate in equities is sound, but he kind of ignores the fact that if you're 100% CDs you're a currency speculator. You're betting on the dollar and the US banking system. There is no true safe haven. The more history I experience the more sense Harry Browne's old "Permanent Portfolio" makes. He said (if I recall correctly): A third equity indexes, a third bonds (weight…
How about substitution of real estate for gold? Real estate might not be en vogue right now - but at least you can grow food on a farm.
Owning real estate is more like taking on a part time job than a passive investment.
Re: I’m Going Long Right Now
#8His advice that the average person should not speculate in equities is sound, but he kind of ignores the fact that if you're 100% CDs you're a currency speculator. You're betting on the dollar and the US banking system. There is no true safe haven. The more history I experience the more sense Harry Browne's old "Permanent Portfolio" makes. He said (if I recall correctly): A third equity indexes, a third bonds (weight…
Not only that, but if you only invest in CDs, your real rate of return (interest - inflation) isn't going to be impressive and may actually be negative since the government tends to soft peddle the actual inflation numbers.
Re: I’m Going Long Right Now
#9Why ? Because there are some good companies, in good businesses where I think the dividend is safe, and 6pct , plust hopefully future dividend increases is a good thing.
I hope he wasn't that drunk when he put his money down.
Re: I’m Going Long Right Now
#10He recommends CDs but I've always wondered about bonds. Here are the questions I have:
Are there reasonably safe bonds that pay say 6-9%?
What's the probability of a grade B bond defaulting in a given year?
Where does one buy bonds, just through an Etrade account? What do you do if you don't get paid the interest?