Market Update
In my last post I mentioned that the Dow was up despite a bunch of negative news. As I expected it didn’t last and the Dow is down 200 point over 2 sessions. Historically May through September is a bad time for the markets. Someone did a study that if you invested only between October and April you’d make much more than the industry average in the long run.[sorry, I can't recall the source].
Someone I know, Robert Campbell, author of Timing the Real Estate Market, said that if you invest on December 1st of every year and pull your money out on January 15th[45 days later], you would make a 7% return 80% of the time!
Anyway, I think the market is going to continue to do badly in the short term. I had previously mentioned RNE, IIF and IFN. Today they’re all down between 5-15%. I’m going to use this as a good opportunity to get in. [NOTE: DON'T BLINDLY FOLLOW MY ADVICE. DO YOUR OWN DUE DILIGENCE]
If you found this post helpful, consider donating to my coffee fund!- High home prices causing Californians to flee The New York Times 7th November edition ran an interesting article - Saying Goodbye California Sun,Hello MidwestIt basically mentioned what I've been telling people for nearly a year now. Once housing starts getting too expensive, people are going to start moving to cheaper places. Last year 100,000 more people left......
- Another Case For Gold Today's post is an excerpt from What If Stocks Were Priced In Gold? posted at Experience Is Everything. While the post is incredibly interesting it is rather long. The portion I've quoted explains why gold will likely outperform the dollar and stocks over the next few years. It follows that......
- 10 Reasons Why Gold Should Break $1000 This Year Today's guest post comes from Bruce, CEO of Superior Gold and includes a free silver coin! For many years I was a successful real estate investor. However, I realized that the market was getting very speculative and decided to get out while the going was good. In 2003, I sold......
Related Websites
- 10 Reasons You Should Never Short a Stock or Index Fund Short sellers are often cast as the big bad villains on Wall Street. After all, they are the all knowing, short term traders placing big money bets hoping your portfolio goes down in value while they turn a quick profit. Unfortunately, for all of the bearish sentiment they spew......
- Investing in a Crisis With so much uncertainty currently present in the marketplace, one of the most vital things that you can do to invest safely in a crisis market is simply to learn from mistakes in the past. Certain sectors of the market may seem incredibly attractive in times of a crisis, it......
- Dollar Cost Averaging for Retirement Investing Dollar cost averaging as a so-called investment strategy has been around for a long time. When the markets started showing signs of recovery this summer, many pundits were suggesting getting back into equities a little bit at a time, i.e. dollar cost averaging. As a retirement investor, does this really......
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