darlin's Blog : Cash Out

I don't know; its a tough tme to make a call. On Wednesday I sold half my longs and bought 5 contra ETFs. On Thursday I sold all my remaining longs, except SXL, and bought 4 more contra ETFs. The Thursday close worried me as did the open this morning (Friday), but I have a pretty strong feeling today will end down and the contra ETFs will be good. I plan, however, to close them all out just before the close today and go into the 3 day week end with cash.

It may get worse, but that doesn't mean it won't get better in the long run unless you believe that the capitalist system is fatally flawed I would suggest being long and plan on being strategic about when and what you buy. Cash is an investment vehicle and usually means money market to a broker. There are other investments that are lower risk and underperform the market like the new Ishares target date ETFs that are supposed to mirror some of the fee-based mutual funds that spread money out over index funds and bonds based on the target date, TZV for example has a 2040 target date and would be more heavily weighted towards equities, while a closer target date of 2010 (TZD) would be more heavily weighted in fixed income. Cash (money market) is an investment vehicle, but I don't think it's the only or best option for a retirement account unless you are needing it within a year or so.

Tell your son to call the guy at Ameritrade back and tell him he has a better plan than cash....chort AMTD! LOL No SIRIOusly! AMTD is still a sub $5 stock and I've been saying that since Cramer wreck-o-mended it at $30! Sure....you can say I "got lucky" simply becuz a Cramer wreck-o-mendation gar-own-tees a drop of at least 50% in the stock price...but I'm STILL saying AMTD goes sub $5 dallahs *-) We'll see how the servers on their trading website handle AMTD at say $3.50 when (not if) the time comes. And based on what the financials did yestermaday it "may not" be long befo she gits there. Luckily the market indicies were all up yestermaday at the close....udderwise fokes might have wreck-o-nized what happend to the likes of the chit I told Kato I was gonna deeeestroy >>>BAC, UYG, FAS, JPM...YIKERS! ...all the stuff Uncle Fester assured us it twas impotent to waste yer grandkidz money on. LOL ...I told ya's Uncle Fester "should be" in jail. *-) Don't werry sheeple...you are all toooo busy worrying about why "trickle down voodoo economics" failed to work for ya and the govy unnerstands that. Feeding the cat is mo impotant than what the govy does with ole sonny boy's cashola. *-) 3J

That advice was given to someone else. So ask yourself how much can you afford to lose in the stock market percentage wise. Also take into consideration your percentile of correction on picking stocks and it seems to be approximately 50% so assume you will lose 50% of your money but hopefully not. Go slow, only invest what you can afford to lose, consider your own individual situation, and take your time. Good Luck!