October 13. 2014. Go to “Core Portfolio” for current holdings. Hit the “Follow” button to get updates.
(Update October 17. Massive short covering today which is driving up prices. Do not buy anything until we get a confirmation but I think they will do anything to keep the markets going higher until the elections are over.)
(Update 2 October 16 Final. We may have finally hit the bottom. Hold on and do nothing. We may get an opportunity to buy. If our momentum indicators start turning up you could buy or add to positions.)
(Update October 16. PANIC. Well, if you made the mistake of staying in our positions like I did, there is absolutely nothing you can do now but wait and watch. You can’t buy and you can’t sell. You can’t even short, its too late. We are going down even further today. A disaster. Keep in mind that this market will only crash if interest rates go higher…..But they are now going Lower. This is not a crash, just a pullback. For now, hold on. I would not be shocked to see this Administration come in and try to save the day, especially with the elections coming up. FOX News is anticipating another round of Quantitative Easing (payroll tax cuts) and NO interest rate increases in 2015….this would support the markets.)
(Update October 15. We are down 10% and it appears this correction may be over. Do not sell anything, just hold on. There is a possibility this could be a buying opportunity.)
(Update October 14. The first rule in investing is NOT to lose money. We are on the wrong side of the market but you really don’t lose until you sell and lock in losses. So now what? It is too late to sell and all we can do is hang on. It appears we are heading further down in the days and weeks ahead…unless we see some dramatic good news in the earnings season. Not good. I suggest holding all positions and collect the dividends. I am thinking we may hit a 10% downside and then go flat into the elections.)
I have been suggesting you sell any long term bond funds that you have. When interest rates start to rise you will get killed.
But I do like the target date corporate bond funds and here is yet another suggestion from Guggenheim…..Guggenheim BulletShares 2021 High Yield Corporate Bond ETF BSJL. Buy at $24.77 and pay no more than $25.00.
I love individual corporate bonds and this fund holds numerous corporates to maturity and then closes. (all the bonds mature and the fund shuts down) You do NOT have the problems associated with regular bond funds. And when you buy BSJL you can get in with a very small investment. Shares are priced at $24.77 today.
Even better you can sell this fund at any time if you need the money. If you would like more information go here and read about the recent purchase we made for another Guggenheim fund.
Prices are GOOD right now. Do not delay buying.
Dont forget to vote:
ABC News: Barack Obama and his political party are heading into the midterm elections in trouble. The president’s 40 percent job approval rating in a new ABC News/Washington Post poll is the lowest of his career – and the Democratic Party’s popularity is its weakest in polling back 30 years, with more than half of Americans seeing the party unfavorably for the first time.