I'm lovin' it :-)
Off to go order every item on the dollar menu (aka $7 bucks worth at McDonalds)
Lesson: in this complex financial world you should always keep a sizeable cash position (15%-20%) going forward (I am talking about the next 3 years mind you). Of course, when investors are fixated on Washington, you should think about doubling your cash reserves to at least 35% given the fear political fools instill when speaking on TV.
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2 comments:
I would trade cash in for gold over the next 3 years
True. But I'll take TBT over GLD (aka short treasuries over long gold). Given how much debt the US will need to issue to clean up this clusterf**k, long bond yields won't stay below 3%
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