Has Anybody Been Looking at Their Portfolio Statements?

Discussion in 'Economy' started by PoliticalChic, Nov 9, 2008.

  1. PoliticalChic
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    PoliticalChic Diamond Member

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    I should have just chucked them into the shredder. How many years will it take for your portfolio to go back to pre-economic meltdown levels?

    Haven't sold any stocks or funds, but haven't bought any either. I imagine there could be some real bargains out there. Rick Edelman says stay in the market because it will come back.
     
  2. Paulie
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    Paulie Platinum Member

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    Some of us saw the writing on the wall and moved out of equities.

    I'm heavy in metals and cash right now.
     
  3. PoliticalChic
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    PoliticalChic Diamond Member

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    And you couldn't warn the rest of us??? LOL!
     
  4. Paulie
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    Paulie Platinum Member

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    You joined in October of this year. I've been warning people for over a year now on here, but no one listens.
     
  5. PoliticalChic
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    PoliticalChic Diamond Member

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    That's true. I'll be listening to you now, albeit a bit late.
     
  6. Paulie
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    Paulie Platinum Member

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    Please, don't listen to ME when it comes to your investments. I only have opinions based on the economic policies I lend credence to.

    If you want to follow the economic school of thought that I follow, visit Ludwig von Mises Institute - Homepage

    Then read G. Edward Griffin's book "The Creature from Jekyll Island".
     
  7. Skull Pilot
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    Skull Pilot Platinum Member

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    I'm into heavy metal. Just bought all the old Metallica vinyl I could get me hands on.

    Actually, I moved into metals and some bonds in my retirement accounts.

    But current contributions are all buying equities mostly in sector funds like medical equipment and services, and energy and a smattering of different growth and value funds
     
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  8. gonegolfin
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    gonegolfin Member

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    And if you would have been following Edelman's advice throughout, you would have taken big losses to this point.

    Among the portfolios that I manage, I had them all out of domestic equities by February of this year (many much earlier), with a small amount of specific foreign investments being the only equity exposure (these have been hit as well).

    Currently sitting on high percentages of US Dollar and Foreign Cash and physical precious metals (not paper).

    Brian
     
    Last edited: Nov 9, 2008
  9. xsited1
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    xsited1 Agent P

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    Here's what you do (yes, this is probably too simplistic). If the Democrats are in control of Congress, put your money in safe investments like bonds. If the Republicans are in control of Congress, put your money in stocks. If it's a statistical tie, mix it up.

    Therefore, when the Democrats took control of Congress in 2007, you should have put your money in bonds. When the Republicans took control of Congress in 1995, you should have put your money in stocks.
     
  10. editec
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    editec Mr. Forgot-it-All

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    I was precient enough to get sick and go broke a long time ago.

    I now watch the stockmarket with the same fascination most people devote to cheering on ballball teams.

    Had I any money to invest today, I'd still be looking at tech stocks with strong cash positions.

    This depression isn't going to go away in the next year or even two, I think.

    In fact, I expect it's going to get worse.

    I don't think it's really hit the rest of emerging markets world as hard as it's going to hit them eventually.

    American consumers aren't going to prop up China like we once did, for example.

    It may be a white Christmas this year but it will not be a green one.
     

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