Though I am pessimistic about our current economic prospects due to inept government policy, I remain a long term investor because I still have hope that we (America) will come to our senses eventually and that the market will heal itself in time. How much pain we face in the meantime is up to us though.
It would not surprise me at all if the market fell another 20%, so I am keeping some cash in reserve to take advantage if prices fall. However, I believe picking a bottom is almost always a fruitless endeavor so I have begun initiating positions in commodities and equities. I have been entirely in Cash and Short Term Government Bonds for the past 6 months which was highly unusual for me. I recently liquidated my Bond positions.
I am now keeping an eye on Gold (GLD) and Agriculture for possible entry points.
I have bought positions in…
MO,BP,NOC,LVS,MGM,T,NTGR,CHK,RIG,DE,UA,INTC,COP,DHIL,GD,BA,LMT,RTN,GROW
Tags: Add new tag, Economy, Investing