I love Yahoo! Finance. They give you plenty of time to talk, ask great questions, and don’t force me into a little box on the screen yelling at someone else. Jen Rogers is up to date and knows her stuff.
Here is the link:
First off, Jen Rogers asks me why how I use my background in investor behavior to manage my portfolios and clients. Simply said, many investors were not fully invested and others think an all time high means the market must crash – both are wrong.
Next, I wanted to discuss why I wanted a pullback. It’s simple, that way I can sell small parts of my client’s bond portfolios to buy stock from nervous investors that didn’t have a plan and don’t know what they are doing. Plus, nobody really has a good reason the market should go down other than a meaningless sell off before going higher.
Lastly, I discuss exactly what I have been taking profits on, and what I want to do with the cash.
The bottom line, look at profits, but here is what I really worry about. This fall, we have very little that can make this market go down 10-15%. I’m worried about not going down enough. Why? Because I want a sale on the market to buy low and sell high. It’s very simple.
If you want to talk about how I can help you live off your portfolio, call me at 505-884-3445