Given the uncertainties in the market place, many readers have emailed me asking what I thought of temporarily investing in CDs until the storm blows over. MarketWatch had some good advice about avoiding the various pitfalls in an article titled “Know Your CD.” Here are some highlights, but be sure to read the entire piece and follow the listed links …
No Load Fund/ETF Tracker updated through 10/16/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpGreat rebounds and jaw dropping losses kept the major indexes in the green for the first time in many weeks. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -16.15% thereby confirming the current bear market trend. The international index now remains -24.74% below its …
Reality Check
After Monday’s euphoric reaction, realization started to set back in on Wednesday that a painful recession is underway. Most gains were wiped out again and the major indexes got hammered. Below is a video clip with Peter Schiff, who was one of the few who saw the handwriting of the real estate/credit crisis on the wall, when most were still …
Made It…
The usual jet lag is still my constant companion as I finally made it over to Europe, or more specifically Hamburg, Germany. The picture is of the Port of Hamburg (800 years old), which is a seaport and deep water harbor off the North Sea, on the river Elbe in Hamburg, Germany. It is named Germany’s “Gateway to the World” …
Up, Up And Away
A long overdue market rebound generated euphoria on Monday, as governments around the world pledged to inject new capital (with no limits) into banks and financial institutions in an effort to ease the credit crunch. Market reaction to the upside was fast and furious as the graph on the left shows. Take a look at the numbers, as this may …
Stupid Quote Of The Week
I was waiting for it to happen. Whenever bear markets strike, buy-and-hold proponents come out and tout the wisdom of their ways. Leading the pack as usual is Jack Bogle, founder of Vanguard who had this to say: “If you’re following the rules of asset allocation, diversification and long-term horizon, stay the course.” Sure, along that long-term horizon, we will …