No investment references today, just a personal note. Labor Day always represents a special day in my life. It was exactly on that day in 1973 that I arrived in NY with 2 years worth of paperwork stuffed in a manila envelope eager to exchange it for my green card and begin a new life in the U.S. after having …
Sunday Musings: A Scared Investor
Reader Dick sent in the following email: I am 72 and retired with about 90% of my portfolio in Vanguard midterm index fund and a smattering in short term equity fund and core fund. I recently read a book “Aftershock” which scared the hell out of me, and I have been looking into Gold bullion and ETFs – specifically GLD …
Don’t Get Fooled
MarketWatch featured an interesting piece this past week titled “Don’t Get Fooled By Bernanke.” In case you missed it, here are some highlights: The Dow Jones Industrial Average jumped nearly 200 points (last) Friday after the Federal Reserve chairman’s pep talk on the economy. Worldwide markets followed suit. And long-term interest rates rose on his sunnier outlook. Yes, the Fed …
No Load Fund/ETF Tracker updated through 9/2/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpBetter than expected data, caused by very low expectations, was the driving force behind this week’s rally. The S&P; 500 broke the 1,100 level for the first time since August 10. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +3.19% (last week +2.01%) and …
Growth Hope Powers Rally
The bulls stuck it to those bears yesterday, which had eagerly shorted the equity market ahead of time in anticipation of the historically worst month of the year approaching. The ensuing rally was based on short covering along with renewed hope as better than expected manufacturing numbers and strong economic reports from China and Australia cheered investors. Of course, as …
Struggling
There was nothing easy about the final day of August yesterday as the major indexes continued their struggles. At the end of the day, we ended up just about unchanged after again bouncing off the S&P;’s 1,040 level. Now we are staring September in the face, a month that has historically not been kind to equities but has been a …