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trunkmonk

03/19/19 9:52 AM

#43043 RE: Citrati #43042

When I first wanted to invest, I talked to a Neighbor who owned and operated a 200 million dollar fund, which in the early 90s was a lot. His son now runs the company and they manage many retirement funds for clients. His advice was to pick a stock you like, do the research and fundamentals, then watch it for about 6 months. Cycles and trends I didn’t understand at the time, was too busy, it was all research and reading about company. I ignored technicals then, but now do not. I also read a book from an investor from the 50s through 70s I think. He said 2 things, pick a gain percentage and hold to it on any stock, he also said when your neighbor is telling you how to invest it’s time to get out. What he was saying for today is look for the signs of complete saturation and capitulation. Nothing has changed other than more greed today than ever. In the 70s stock market was about 30% of GDP, today it’s 300% and debt to GDP is over 100%, not seen since post WWII levels. Watch for crazy crazy stuff to happen like never before. Birth pangs will occur more and more while everything is still manipulated and under control. I saw the warning in 2000 but didn’t do anything, saw them in 2098 and did something. The coming mess will be much larger, I am getting ready.

trunkmonk

03/19/19 10:02 AM

#43044 RE: Citrati #43042

Miners and markets waiting for fed head direction. Fact is no matter what he does it will be wrong.