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Barometer Reading Change: Overvalue to Fair Value
Weekly Recap
For the week ending September 28, 2018 Old_Skeet's market barometer, which follows the S&P 500 Index, closed the week with a reading of 147 (up 3 points from the previous week) and…
Old_Skeet's picks (LCG) over this fund are the one's I own (SPECX, AGTHX & AMCPX) plus SHRAX.
Remember ... Well Fargo's ticker symbol is WFC ... (We Fleece Customers). And, they have been known to do this to a good number of folks.
Being a retail investor, Old_Skeet's pick for a real estate fund is FRINX. Its no load share class (FRIFX) sports a yield of about 4.0%. The fund has been a steady producer within my portfolio for a good number of years. It's Morningstar report i…
@Old_Joe: When my family bought back in the mid 80's we purchased in a golf course community located in Murrells Inlet over continuning to pay high membership fees and assesments at a local country club in Charlotte. Since then there has been a lo…
With the limited information provided I'll go, as some others have, with a cd ladder split among a couple of banks also making sure they are FDIC insured. The quicker the money might be needed to shorter the maturity.
Here comes Round Two ... Extreme flooding in coastal South Carolina. Not sure, my coastal home may get flooded. Thus far it has not according to neighbors. With road closures due to flooding traveling to the coast to check on proeprty is nearly i…
The Decision Moose has made a weekly signal change swithching from IWM to SPY on 9/21.
http://www.decisionmoose.com/Moosignal.html
Ron Rowland's Market Leadership Strategy matrix:
http://investwithanedge.com/market-leadership-strategy
Barometer Reading Change: Fair Value to Overvalue
As of the market close for the week ending 09/21/2018 Old_Skeet's market barometer (which follows the S&P 500 Index) bubbled with a reading of 144 which scores the Index as now being overvalued.…
@Junkster: Welcome to North Carolina. One of my favorite places in your area is the Mast General Store. In the fall my wife usually drive the Parkway. From Bone we venture over to the Blowing Rock / Lineville area and then on over to Asheville. …
Hi @Junskter:
Congratulations on your success and buying the mountain home. I have admired your ability to trade. For me, I've had to build principal through compounding and organic growth over time. Although, I've made some money through my sp…
Now that the US 10 Year is above a yield of three percent I added to CTFAX with another buy step. According to Morningstar its current allocation bubbles at about 80% fixed income and 20% equity. In a stock market pullback CTFAX increases its posi…
Wait just a minute please, if you will, aren't the tariffs a form of a consumption based tax? I'm thinking that Trump is in a since switching from an income based tax (although it is still in place but at a lesser rate) to a form of a consumption b…
I feel it is time to do a rebalance of sorts within my portfolio. Since, the US 10 year is now at three percent, and above, as of today I plan to add a little to one of my fixed income position held within my income sleeve. I will probably do this…
Thanks @Old_Joe: I appreciate your comments and caution plus the weather images were just great and provided good information. The rains and wind are now gone in Charlotte and clean up begins. There is still concern for about another week due to h…
@Old_Joe, Lost power again last night at about midnight. A break in the weather came and I was able to reset the engine governor on my standby generator so I am now back on standby generation and off of the smaller gas generator. Sure is nice to …
@Old_Joe,
Thanks for taking the time to comment and for the caution. It would be very easy to overload the gas powered generator as it is a 3500 watt generator. Agreed, running all three at once could put this generator at capacity as the feed c…
Good morning,
The high winds and rain continue. According to the last weather report the rain and wind will continue through today, Sunday and perhaps even go into Monday. Lost my standby generation due to a cycle problem as it will not phase cor…
Florence has now arrived in Charlotte with heavy rain and high winds. We lost power at 9:17 pm this evening and according to Duke Energy there are 293 customers associated with our outage. They say crews will be dispatched when it is safe to acces…
Barometer Reading: Fair Value
At the market close today and for the week ending 09/14/2018 Old_Skeets market barometer scored the S&P 500 Index with a reading of 147 which bubbles towards the lower range of fair value. For the week the Index g…
Without doing a lot of research ... My best guess is that the share classes had a different nav between them; and, when the conversion took place you wound up with fewer shares. If you are truly concerned about this I'd contact Pimco.
Good morning,
As I write not much happening (yet) in Charlotte from the effects of Florence. Made some last minute purchases yesterday at the local Food Lion ... filled all the vehicles with gas plus I now have an extra ten gallons to take to the…
Good morning. Below is a link to the Sun News in Myrtle Beach, SC. This will provide viewing of what is taking place for storm prep, etc. For me and my family we have done all we can do at both our coastal home (Murrells Inlet, SC) and our home i…
Here is what one of the Carolinas first TV stations (WBTV) that begin operations in Charlotte back in the 50's has to say about Florence. If you are anywhere near the projected storm path please head what the authorities are asking folks to do. Me…
Thanks @Catch22, I left Murrells Inlet, SC yesterday evening around 4:00 pm and even with that my 200 mile trip back to Charlotte, NC took an extra 2 hours because of heavy traffic making it a six hour drive. But, that is better than what it would…
Hi @sea, I can't say what you should do for a good number of reasons.
For me, I usually build cash when asset values are high and buy during times of good pullbacks. Then rebalance during the recovery when higher valuations are reached . My ass…
@slick,
Here is copy from Stocktrader's Weekly Market Recap (09/09/18) on emerging markets. It reads ...
"Keep an eye on emerging markets – we’ve seen rustling out of Turkey, Argentina, South Africa, etc – it’s still pretty quiet out there but in …
I have been thinking of expanding my emerging market holdings by adding another fund. However, as long as the US Dollar remains strong and the FOMC stays with their campaign of rasing interest rates I thinking most emerging markets are going to hav…
From my perspective. This letter was written not to solve problems but to create "noise and unrest" among the voting public. I'm thinking that the writter should identify themselves and be prepared to defend themselves should charges be brought aga…
Due to both stock and fixed income valuations as measured by Old_Skeet's market barometer, Old_Skeet is on both a stock and bond buying strike. Currently, I am building cash awaiting better opportunities.
Old_Skeet's Twelve Month Income Area Game Plan
When the US 10 Yr gets to a yield of 3.0% I may do a little buying in my income sleeve. Currently, my fixed income sleeve is at about 90% of its targeted allocation while my hybrid income sleeve is at…
And ... so does Old_Skeet! GET THE SAME NEWSLETTER ... HOWEVER, TO ENCOURAGE OTHERS TO POST OLD_SKEET REFRAIMED FROM POSTING IT AS WELL. @johnN ... Please keep your post coming as you have been coming up with some good stuff.
