Gabe,
Not sure who you directed this message on GoaNet to, but just as I said in one
of my posts that I would be having most of my money in US TIPS - I still have a
majority of my funds in TIPS.
As you are probably aware, US TIPS are arguably one of the safest places to
park your cash when one is uncertain about the direction of the market. Based
on my current actions of the past two months, I have neither lost my underwear
nor have I gained a suit. But I will tell you though, I made a decent gain in
the early months of the year and I expect to beat the S handily for this
year. Now-a-days, I rarely dabble in stocks - but when I do invest, I primarily
invest in the Options market.
I have said this before and I'll say it again ... the easiest way to make money
in the market is to wait for the carnage to happen. That is the time when fear
drives wild swings ... producing easy kills.
While I am not a fortune teller, I am willing to bet that there will be at
least one more opportunity before the year is out - that there will be an oil
rout which in turn will challenge the current market tops. When I see that
happening, I'll be there with plenty of dough to pick up ample Vertical Put
Spreads.
Till then, the US TIPS are a best place to sort of ... hang in there ...
Good luck with real estate investing though ... {I still think RE investing is
very dangerous in the current environment because you are paying top dollar (or
pound) for the property ... because the interest that one pays on the mortage
is so low. If I was in Real Estate investing, I would rather buy RE when the
interest rates are high which has the effect of pushing the price of properties
low. In any case, RE is not my kind of game - too slow for me and the returns
are measly. But again, the Options game is not for all ... certainly not for
the weak at heart - unless you are writing Covered Calls}.
Jim F
Scarsdale, NY
On Wed, 17 Aug 2016 16:43:55 +0100, Gabe Menezes wrote:
> Not that long ago, we were advised by the Gurus of the financial world on
> Goanet, to hold off and buy at the opportune timein the meantime we
> have broken some new records; the U.K. after BREXIT is not doing too
> badly...yet we are told there is money to be made from the short
> side...bollocks!
>
> Just as well I did not follow these gurus, else I would have lost my shirt,
> no been squeezed by my short and curlies!
>
> You want to make money...wait for the downturn and buy propertyTake
> this advice from a seasoned trader @ 1 Wall Street, New York. In fact I
> would say buy property anywhere in the world!
>
>
> --
> DEV BOREM KORUM
>
> Gabe Menezes.
