The one-eyed king.
I just happened to look back at the number of "hits" my recent article recieved and I saw that "Stock Tips" had an unusually large number. Hmm, makes sense.
Here's my take on the market:
If you're not buying now there's not much reason for you to ever be in it. i wouldn;t buy with any money I couldn;t afford to have tied up for a few years, or put too much in any one position but there are a whole lot of great companies on sale right now. most of them should be and many may languish for years but the market is not going to die.
I bought a bunch of stock lately having gotten out of the housing market in 2007, out of Tech Stocks in 2001, and out of nearly everything except JPMorgan and European stocks the last few years.
I almost never eat desert on top of dinner. Stop eating when you've had more than enough or you'll end up like Oprah. It has little value when you are already full and it greatly increases your negative risk while only very slight increasing your pleasure reward. I eat my desert a few hours later when I'm hungry, can enjoy it more and I'm not bloated and gassy like the more piggish of eaters.
The one loser I bought recently was WFMI aka Whole Foods and it has been a real dog. I sometimes buy stocks that would do well if human beings were smart and took care of themselves but this is rarely a good idea. Booze, cigarettes, The Gold Kit, and four minute workout amazing ab machines will do better financially in the long run. Yes, a huge number of people that buy these products regularly will die off early but there's another batch right around the corner.
I am buying stocks now but I do not think we have hit a bottom. I think we are very close to a bottom but that we will go lower at some point in the next three months. I'm not good enough to guess that point but I'm happy if I can be within 20%. I have no idea how long the recovery will take but al lI need is for the market to hold or rise slightly the next few years and I beleiev it will do much better then that.
When I buy a car or a truck or a motorcycle I like to buy one that i can drive for three years, sell and get my money back. The stocks I bought on 10/10/08 i bought hoping that I could own them for three years and at least sell them then for what i paid for them. if so I earned a huge dividend, many more times what i could in CD's for example. If they happen to rise, which I would be shocked if they don't, then its all gravy.
There's almost nothing i would sell at the moment unless it was to raise cash to buy in in another stock and I'm already streamlined.
Oil dropping is a HUGE plus at the moment. The major players have to take turns stealing from us just as if it were the bubble of a tournament. If two ro three big stack aggressive players take turns stealing from the rest of us --it works. If they get pissed off and all try to steal at once then it doesn;t work as well. That's what happened in the world right now.
Oil ripped us off, then housing, then financials, then currency, then the next thing and soon people will get scared and start buying the greatly and falsely inflated gold and then the big players will win that one too. But oil had its turn and the other big stacks will not let them continue to steal the most.
Buy low sell high-- easy to understand, hard for the human psyche to do. It's low now. What are you doing?
All time sun... must come rain. All time rain... must come sun.
Thanks for reading.
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