I analysed my time diversification buying program. My prior buy was the close on Friday July 27 at about S&P cash 1460 in the Krypto Fund. I sold some TIPs bonds and bought index funds for US, Europe, Pacific, Emerging Markets and REITs.
I think my next add point on selling bonds and buying more stocks is either (A) early September or (B) 1375 on the S&P cash index. I need either more price diversification or more time for the situation to develop.
This will be buy #2 of 3. The final buy is a pure time play for mid-to-end of October. By then this "crisis" should be fully understood.
Late October is also my add point on the Alpha Fund purchases of the big banks: BAC, C, JPM and MS (BAC is largest - about equal to 40% of total). This Alpha Fund add will be new cash I will be investing then. Otherwise, I'm just making small buys in things like CSCO and DOW. All are long term buys.
All this crisis is going to drive business to the big banks. They get the Fed liquiity and can fund the loans & credit lines. They should increase fees next.
ReplyDeleteI got lot more $$$ ready to eat Grilled Beefer if we get a real smackdown.
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