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As long as we're experiencing rising interest rates, let's get it over with and go back to a 3 month CD rate at an interest percentage where we don't have to rely on shaky markets to grow our investment portfolios. Heck, let's go to a 1980 level 3 month CD rate of 18.65 percent. I'll pull all of my market investments and sit on almost 19 percent guaranteed interest and call it done.
I fully expect my mutual fund portfolios (as conservative as they are) to be solidly in the red throughout the next 12 months. Luckily, I'm (hopefully) young enough to recoup my losses and more in the next 5 to 10 years. If I were 10 years older, I'd be far more concerned about the markets than I am now.
I wish I'd sold a few stocks short on Thursday, that's for sure. Opportunity lost, but then, I'm not really a bear investor.
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"Horse Sense" is the thing a horse has which keeps it from betting on people.
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