Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


View Single Post
Old 10-02-2016, 01:50 PM   #12
classhandicapper
Registered User
 
classhandicapper's Avatar
 
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,604
I am normally 100% invested in stocks other than money I need for living and emergencies. The only time I have extra cash is if I recently recently sold something or accumulated some savings and didn't have any new good investment ideas yet. I have even been on margin up to about 30%. This bullish strategy goes all the way back to the late 80s with only a few more conservative stances.

Right now 100% of my IRA and 401K funds are in cash except for a couple of small positions in gold mines and a physical gold/silver security. My non retirement account has 1 stock and the rest in cash and the same gold mines.

I'm a patient man. I invest for the very long term. I am more than willing to miss the top to avoid the debacle I anticipate. The timing is just a matter of how much the Fed and other central banks are willing to print, whether they are willing to take rates even more negative, and whether they are going to eventually buy stocks directly like they are in some places.
__________________
"Unlearning is the highest form of learning"

Last edited by classhandicapper; 10-02-2016 at 01:52 PM.
classhandicapper is offline   Reply With Quote Reply
 
» Advertisement
» Current Polls
Wh deserves to be the favorite? (last 4 figures)
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 05:16 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.