Hi Clive
Great post.
At the present time I wonder if there is anything I should own. Stocks are above their low and feel risky.
The US dollar is just waiting to be devalued and with interest rates as low as they are, any increase will kill bond values.
Precious metals feel like they are in a bubble.
>>>>>Stocks and cash are the more recent (as in decade long timing) Value plays, whilst LTT and Gold are the recent Momentum plays. With momentum you need to have a tight rein on downside loss avoidance (stop loss). <<<<
Because of some bad choices on individual stocks when AIM did have me in a good bit of cash (CQB, DHT, SPWR, FTEK) I am now almost 100% invested (which will be OK if stocks rise) If stocks are truly the value play I will be in good shape.
I bought CHI years back thinking that that would be like a bond fund. It hasn't worked out that way. It moves more like a stock. This is the assets I will switch to TLT eventually.
Mining companies bug me for some reason. They are ALWAYS selling off their assets to raise cash (the metal in the ground) At some point they sell everything and have no more to sell. It is not like a factory that adds value to the inventory that runs thru it.
This made me think of timber at the present time (not that I have the money to take advantage of it) It is an industry that is down the tubes at the present time but their asset just grows in value (no pun intended) while they wait to sell it. It will be worth more due to inflation, and it may be an energy source or feed stock for chemicals in the future. Who said money doesn't grow on trees.
In the meantime I am building up my cash reserve with dividends just in case their is another pullback before I get to take some AIM sales for which I need a 10% increase. Eventually the S+P 500 will go above 1500 again and I will be in good shape.
Happy Holidays to all
Toofuzzy
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