I've Moved To Two Thirds Equities

Discussion in 'Stock Market' started by Cammmpbell, Feb 19, 2012.

  1. Cammmpbell
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    Cammmpbell Senior Member

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    In 2011 I was essentially in cash and low yield bonds. The last week of December I moved to two thirds equities and one third low yield bonds. My portfolio is up 11% in less than 2 months. I believe the market has the European calamity already priced in and I believe any large institution already knows what they will do if Greece falls on it's face. I feel sure they've also factored in further trouble in Spain and Italy.
     
    Last edited: Feb 19, 2012
  2. Mr. H.
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    Mr. H. Diamond Member

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    Well, mmm mmm good for you.
     
  3. Cammmpbell
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    Cammmpbell Senior Member

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    Poor example. They've been talking about doing away with pennies for most of my life.........'course I'm just 77.
     
  4. AmericaFirst88
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    AmericaFirst88 Member

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    Demand for equities has been artificially created by ridiculously low interest rates, meaning little return in other investment products. Not to mention if the euro collapses, that makes the dollar stronger which is bad for stocks as it makes them more expensive to foreign investors. Congrats on your returns but they're only paper until you close your position.
     
  5. Cammmpbell
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    Cammmpbell Senior Member

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    I've had money in stocks and bonds since 1966......I at least know how it works. In 1968 I took enough profit to buy the first second car my family ever had...a little Chevy Nova. In 2008 when the market first began to drop I moved everything out of equities. I told my advisor that I didn't want to be the last man out. He laughed and took me out that day. I'll admit I got back in a little too soon but actually ended up turning a good profit from the big decline.

    I can't imagine with all the cash on the sidelines that this market won't grow at least through the next two quarters. Surely there are some others out there who are as greedy as Me :)
     
    Last edited: Feb 19, 2012
  6. Jos
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    Jos BANNED

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    Got physical Gold and Silver on hand?
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    My guess is you've done so right near an intermediate term top.
     
  8. Cammmpbell
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    Cammmpbell Senior Member

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    I called advisor about an hour ago. COB today half of equity holdings back into income opportunities type funds. I'm too old and too nervous for all this euro and energy variable shit.
     
  9. TruthSeeker56
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    TruthSeeker56 Silver Member

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    Why is it so many people still insist on investing in fiat currencies and other PAPER products?

    Gold and silver are the ONLY investments that will survive the coming worldwide economic meltdown.

    I guess all that paper will come in handy for starting fires and wiping your butts.
     
  10. Warrior102
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    Warrior102 Gold Member

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    Why don't you move to Tehran, asswipe.
     

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