Krypto woke up and got off the couch to nudge me this weekend. I checked her model and found, mirabile dictu, a buy signal for stocks across the board. Emotionally, this makes me rather nervous. I have a hard time seeing the markets go up in the face of a possible default by the US on its debt (possible due to Republican stupidity or ?), hence this buy seems a bit early. But what am I do do? That converse sell signal was a good one. I have to ... obey the machine.
Buying US, Pacific, European and Emerging Market stocks via index funds and index ETFs today from cash piles. Half the buying is US, the other half spread across the world.
Word of the Day
"Nescience" - noun [$10]
Nescience means lack of knowledge or awareness; ignorance.
Sentence: Is it nescience or knavery that prompts Republicans to risk the honor and credit of the United States of America rather than simply refuse to pass spending bills?
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
7 comments:
this buy seems a bit early.
so what % of ur cash that's been waiting on the sidelines are you investing Bunk?
agree re the Feeling" it's a bit early.
all of the "sidelines" cash.
Future buys would come from cash reserved for a TIPs rebuy, plus some muni bond prepayments coming soon (my bonds got picked in the prepayment lottery).
future buys could come from asset reallocations, too, such as from real estate or gold.
but all excess cash (raised from sales this year at higher prices) is being deployed.
but all excess cash (raised from sales this year at higher prices) is being deployed.
thanks bunk
doing my part ... traded Mrs. B's SUV in for a new one. Gotta keep the economy going & Mrs. B happy.
match the "Gold Mist" in the driveway???...lol...its time for that one too...lol
She like white with gold interior.
Gold Mist gets traded this fall - I don't drive much.
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