The markets are directionless and rightfully so. Credit market bubble pops, housing market collapses, election around the corner, and not to mention 3rd quarter corporate earnings. There are three things you should be doing.
1. Paying off all debts if you haven't already. This includes your mortgage. You will never have access to credit like you have in the past. Zero down on a home? Never to be seen again. This will collapse housing prices and the credit markets will take years to heal.
2. Buy for the long run, selective Buffett type stocks--stocks you can hold for 5 years or more.
3. If you choose to trade (which is dangerous in this directionless market), keep your trades intraday.
Stocks you can hold for the long run:
UNG
FCX
AAPL
BNI
GS
WFC
BRKA, BRKB
LNC
PBW
V
VWO
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Hey tenyear,
ReplyDeleteI think the market has a better than 50/50 chance of going up 3 days in a row.
Well, we'll see.
Its hard to project direction.
DeleteNew post!
ReplyDeletelol