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aaCharley

01/02/09 10:31 PM

#29192 RE: OldAIMGuy #29190

Change does not have to be deadly. But it is the deadly change that you want to most avoid.

IBM once made great typewriters.
NCR once produced Cash Registers in Dayton, Ohio.
Douglas Aircraft made those great DC-3s.

Citi bank once was considered a very strong financial institution. The Fed just had to buy $300+ Billion in assets from them to stave off a run on the bank. In addition to the $25 Billion capital injections of the preferred stock.

Today's report on the US manufacturing downturn was pretty bad. Worldwide economies are showing the same symptom. There is no internatinal trade credit if there was a desire to trade. What bank would you accept a multi-million letter of credit from? Or, what company would you issue it for? Dow Chemical?
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investor5001

01/03/09 2:35 PM

#29194 RE: OldAIMGuy #29190

Hello Tom:
I recently opened an AIM portfolio using the 50% cash reserve method. My fund has been going up. Do I ignore a market order to sell stock as long as I already have a 50% cash reserve?
If the answer is yes, won't I be missing out on a lot of cash eventually?
I probably am missing something.
Thanks for your help.
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aaCharley

01/04/09 7:09 AM

#29195 RE: OldAIMGuy #29190

NY Times article on Black Swans and Taleb.

Risk Management
http://www.nytimes.com/2009/01/04/magazine/04risk-t.html?pagewanted=1