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Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
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 Posted: Wed Mar 07, 2007 10:16 pm Post subject: US Stock and Investment Portfolio - Update 5th March 2007 |
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I'm late with my post since I was at a remote, isolated Costa Rican jungle location on vacation last week. What a surprise it was to pick up a copy of the jungle news after a week of isolation and read that CNBC was being sold to the Chinese National Broadcasting Company, hell, they don't even need to change the call letters! It's really interesting to get away while the markets melt down.
OK, I lied. Staying at the Four Seasons Resort Peninsula Papagayo, Guanacaste, Costa Rica is living in the lap of luxury. I saw the market melt down between golf, swimming, good food, drinks, sailing, reading, windsurfing and monkey watching. Too awesome to describe here. What was interesting, however, was that the resort seemed to empty out on Tuesday. Not sure why but I'm speculating that a number of the guests were in some way intimately tied to the markets...."Dear, I believe we may need to cut this vacation short as I've got to get back to New York/London to check our hedge fund...We're short a few Yen/Swissies and long mortgages and stocks". Gulp.
Our Permanent Portfolio took a hit too but I'm not worried; just a good time to balance and maybe buy when the time is right. I love market corrections like this as it allows me to spend some cash on distress sales.
Because I'm late you get today's readings as a bonus!
Gold:
Last week I was saying how much I loved it when the gold market goes up. Now I'm saying that I love it when the gold market goes down. WOW! What a fantastic investment strategy when you can love it when prices go up and down!
What this movement is presenting, dear reader, is a buying opportunity. We're sitting right on the 180-day MA and since I like gold I usually buy now. But Wait! Could I buy a lot cheaper? Perhaps. Maybe I'll wait a while to see what happens. You know, we're way over the median for gold. I might buy a few dozen coins to get myself in balance as we took a huge hit the past five days. I am bullish on gold so I always buy when the price gets close to the 180-day Moving Average and I back up the truck and load it when the "Accum" trigger is hit, now at -.37. If you are building your portfolio, now would be a good time to buy some gold.
Last week I suggested selling a few coins. That was not bad advice. If you are balancing your Permanent Portfolio to get gold to 25% buying or selling now is OK. Also, last week I suggested putting any gold sales into the long-bond. That, too, was not bad advice.
I buy the physical metal and bury it. I also buy "Paper Gold" in stocks and funds that are highly correlated to the price of gold (e.g. ASA, GLD, TGLDX, etc.). When I get ready to sell the first thing that goes will be the paper. I'll hold the physical metal until the end.
Note to kids: Gold goes up and down but, unlike stocks, it never goes to zero. Love, Dad.
Bonds:
http://www.marketoracle.co.uk/Article468.html |
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