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Wow! My personal blog is lighting up with activity right now — all responding to my question:
“Which threats to the economy and stock
market have you sweating bullets over
the safety of your portfolio?”
Steve writes: “The possible state and local municipality defaults may be low but we can expect higher state-wide taxes and big job cuts for sure. Government needs to do the same. That will bring the market down but who knows how long till that happens!”
Other folks like Russ are worried about political problems in the Mideast and the impact that will have on oil.
These kinds of risks have Andrew asking, “You never know when the correction will come … what to do then, day trade?”
Fine for some folks, Andrew. But personally, I don’t think the answer is trading in and out of stocks — let alone daily.
Instead, I think there are PRUDENT ways to approach these markets — steps that can allow you to profit if the markets move higher, and still stay protected if we see a dip. And I will share my plan with you very soon.
But first, I want to hear from those of you who have been sitting on the sidelines …
What would it take for you to
FEEL GOOD about investing in stocks again?
Just click this link to jump over to my personal blog and let me know.
Tell me what it would take for YOU to get back in the market. And whether you have a strategy for investing that allows you to catch the upswings without losing sleep at night.
I’m looking forward to hearing your answers and sharing some of my own!
Best wishes,
Nilus
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I think the majority of the posters here that missed the bull market of the last 2 yrs believed it was a dead cat bounce and didn’t want to hold. They missed great blue chip deals with Ford, US Steel, etc. Some even shorted the market thinking it was going to 5K all on the advice of Martin Weiss and his mid-2009 Million Dollar Contrarian Fund. Most of the pundits here at Weiss have been advising readers to pull out of stocks. When it wasn’t the banking system, it was the sovereign debt crisis, followed by the currency crisis…it has been one thing followed by another to lead people into the Weiss bear cave. DOW 15K HERE WE COME…
Nilus, you’ve done a nice job advising readers here for a long time to go into stocks of stable companies with nice dividends.