Originally Posted by scambo1
Anyone else got an opinion?
DYODD, not investment advice.
For the day, thus far, the bear fund is down 5% which is worse than the losses taken yesterday on long positions. I'm thinking sell into strength this fall (if your bereft of life mouser bounces)
Frankly, I do not understand the market's herd mentality. If the market were a good determinant of value, we would not see such wild, fast, swings. Smart people should be able to see past the chaff and in this case, I think they are missing the GOOD performance of individual companies. Durable goods, automobiles, inventory reports, all seem to indicate we should have a fourth quarter mini bull, at least as far as the equities I follow.
For retirement funds, why not utilities which pay a descent yield? (DUK has been a favorite) Even if you get clobbered on asset price, the dividend evens things out nicely if you reinvest.
The best investments I've made have been things I can touch and hammer a nail into. Even though my local market is depressed, I've done well, solid 10% return on invested funds to possibly as well as 70% (still got a couple of sold homes not yet closed) this year. The worst I've done is broken even. The only real skills required are to know how to work with people and fix roof leaks (seems every foreclosure has at least two).
Scambo, that's my counter trend bull market rebuttal. But, I'm 50% in cash due to the potential that whatever takes out my investments might also harm Delta enough to result in a furlough.
I've not taken an active enough role managing my retirement and the "professionals" have lost me in excess of $150,000 since going to cash just isn't one of the moves that make them any money.
Until Delta gets is debt down, I'm figuring the airline has a 50/50 chance of flying for as many years as I plan to.