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Ken M
Mountain climber
Los Angeles, Ca
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Dec 23, 2015 - 11:04am PT
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That's a reasonable strategy, and you are ahead of 99% of your peers.
One thing: What do you mean when you say "very aggressive"?
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Mad Max
Trad climber
Bakersfield
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Dec 23, 2015 - 11:14am PT
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Very aggressive to me would mean 85%-95% of my portfolio would be company stocks and ETFs, then some boring bonds.
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Reilly
Mountain climber
The Other Monrovia- CA
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Dec 23, 2015 - 11:25am PT
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Good on you, Max. Just heard on the radio that 20% of Americans don't even
have a checking or savings account, but I bet they have a better TV than me.
And if it weren't for bonds I wouldn't have made much moolah this year.
The reason you go into bonds is to make money when yer equities aren't.
Look at the lifetime returns of some of the good bond funds and particularly
their volatility and they aren't far behind equities in the long run.
BTW, the 50 day moving average crossed the 200 day MVA, in what is called
a 'Golden Cross', the other day so things are looking up and the traditional
year end rally is almost a done deal. YMMV! YGD!
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Mad Max
Trad climber
Bakersfield
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Dec 23, 2015 - 11:31am PT
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I'm cashing in on good energy companies with my spare change at 90% discount, next year companies like Freeport mcmoran are gonna change up their strategy to make better use of $30-$60/bbl oil and I'll be enjoying some returns in the next few years for that.
I have some other accounts that quietly gather modest amounts of savings money for emergencies and unexpected bumps in the road.
I have an account at Lending Club, and I own about 25 notes there at $25 apiece, diversified somewhat modestly so that provides some steady revenue and I add $50 to it here and there
There are good bonds out there, so I could pick a few up for rainy days
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Ken M
Mountain climber
Los Angeles, Ca
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It IS an investment opportunity!
The drop in the US market is caused by China, but not dependent upon China. Nothing has happened to the underlying fundamentals of the US, or the US market,
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Jon Beck
Trad climber
Oceanside
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The prospect of 20 dollar oil has people nervous. Glad to see the Saudi Arabia suffer, but there is going to be chaos in the mid east when the monarchy there bails.
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Reilly
Mountain climber
The Other Monrovia- CA
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"The market climbs a wall of worry." It's got to build that wall first,
then it will climb it. This is another buying opportunity. We probably
should nuke N Korea and get that over with. As to the Middle East, it is
just the usual drama queens. For all the saber rattling there they subscribe
to the same story line that we do - "It's the economy, stoopid."
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Dapper Dan
Trad climber
Redwood City
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Topic Author's Reply - Jan 7, 2016 - 11:53am PT
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If you're in the market for the long haul then nothing to worry about... market will rebound and reclaim all loses eventually. Rely on the fact the market has returned 8.5% for the past 150 years ....
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rick sumner
Trad climber
reno, nevada/ wasilla alaska
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There is a possibility that the start of 2016 in equity markets worldwide is more than a mere correction, more than the start of a bear market. Perhaps it the hissing sound of a deflating bubble of unjustified equity prices with currencies to follow in a war of devaluation.
So resident financial wizards, where would one go for safety with a large stockpile of USD. Just picking the brainiacs here for useful advice.
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rick sumner
Trad climber
reno, nevada/ wasilla alaska
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Yes, I noticed Moose, but feel I'm already overexposed in physical holdings and especially in mining equities. With no end to government deficit binge spending in sight I want to be safe rather than sorry with cash. What to do?
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Reilly
Mountain climber
The Other Monrovia- CA
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Vanguard's take:
https://personal.vanguard.com/us/insights/article/econ-outlook-2016-122015
"Despite our more muted outlook for stocks, the ongoing U.S. equity bull market is likely to persist for some time."
If I was sitting on cash I might wait a while to see how much the China
thang spooks the scaredy cats. How long is a 'while'? Probably and
hopefully less than a month. The Commie Capitalists seem to be taking this
quite seriously if only measured by their selling of tens of billions of
their carefully accumulated dollars.
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pyro
Big Wall climber
Calabasas
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Moose WTF is happening to the market?
I predict just like last year the INDEX will stay the same.
Not a Wallstreet year to brag about
Liberals say the economy is doing great!
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rick sumner
Trad climber
reno, nevada/ wasilla alaska
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I like R.E., I've made lots from it. 50%, in Ak and NV. Will soon take a beating on values in AK though it should offset by gains in NV.
Individual stocks and managed funds (except mining stocks) 10%.
Treasuries and corporate paper 5%.
Physical gold, silver and mining stock 5%.
Cash 30%. But I need a good deal of the cash to finance my son's building operations with a 5% interest return. The rest, the majority, is what I sometimes wake up with nightmares over. What to do if you really don't trust the long term viability of the currency?
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rick sumner
Trad climber
reno, nevada/ wasilla alaska
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You've got to be a fool to serve the self interests of professional financial advisers. For that matter you could include venture capitalists, stock brokers, bankers, mortgage brokers, fed and government officials. I'm looking for grass root ideas from self responsible people that have succeeded on their own.
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Reilly
Mountain climber
The Other Monrovia- CA
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I'd say Fatty has succeeded very nicely, thank you very much. Not bad for a former cop!
That said I would give a tad more credence to Vanguard's beta, the link to which is a few
posts back.
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rick sumner
Trad climber
reno, nevada/ wasilla alaska
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I don't know Fatty from Skinny. Why don't you post his commentary from the village of the banned tomorrow Moose.
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Reilly
Mountain climber
The Other Monrovia- CA
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Jan 11, 2016 - 11:10am PT
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Well, good sir, what that article avoids mentioning is how much business trucks have
taken away from the railroads. Now with lower fuel costs shippers can truck directly to a
customer rather than railing it to a hub and then trucking it to its destination. Typical Bank of
America - don't get me started on those azzhole idiot crankloons!
I walked into my local B of A, where I have banked for 24 years, and handed over a small
check from Fidelity, which me Mum had signed over to me, and the teller says,
"We don't accept third party checks any more."
"Well, then what you're also saying is that you don't want my business any longer?"
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rick sumner
Trad climber
reno, nevada/ wasilla alaska
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Jan 13, 2016 - 05:31pm PT
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How far will this market correction go guys?
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