I should have sold many weeks back but we still have nice profits: we have collected very nice dividends and the stock is up compared to what we paid for it.
This is a classic mistake of not watching my positions carefully. The momentum turned down and I did not take action. We should have sold at higher prices.
The overall market trend is UP believe it or not. China is buying huge amounts of Treasuries which give us support. And the Federal Reserve is keeping rates down. HOLD all your positions. I would NOT be shocked to see a short term pullback, but with the elections coming up, and now getting press attention, they will keep the markets going up.
Our high risk stock AMYGF is up $2.24 today. Wow. PUT IN SELL LIMIT ORDERS TO PROTECT YOUR PROFITS: START ONE DOLLAR ABOVE YOUR BUY PRICE
Here are some reminders:
Do not buy preferreds right now.
Do not buy annuities.
Do not buy long term bond Funds: sell them if you own.
No wonder his poll numbers are plummeting: President Obama attributed people’s pervasive sense the world is falling apart to “social media.”