Quote:
Originally Posted by cabo35
Boomer, we must have gone to different schools together. I categorically agree with your assessment. It is consistent with a market projection I heard that said there would be a late Spring Obama bounce followed by a nasty slide.
I am tempted to time the "bounce",and sell off the rest of our market holdings (we unloaded a lot when it was around 10,000 and going down). Like you we held onto dividend producers. My strategy of trying to time the market is contrary to every principle of investing I have ever read and everyone should take it with a grain of salt.
Without hijacking handieman's interesting thread....where do you put it if you cash in? Dear handie, I am referring to places other than those associated with the anatomy.
The only thing that could change my mind is if Obama commits to keeping the tax rates on dividends and capital gains in place. Wouldn't it be nice if he reduced those rates to encourage investors? .....laughter subsides....daydreams morph back to reality after an excursion into the sublime.
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Cabo,
If you find your answer, please let the rest of us know. Just where is the ROI to be found? Especially when not wanting to invite insomnia.
Utilities have been calling to me. I have a little Duke. Might buy some more. The dividend is somewhere between 6 and 7% for Duke lately. I am looking at Dominion. I think I might have missed Sempra. Maybe that kind of return is not a thrill to some, but for financially conservative, no longer a spring chicken me, it works OK.
I do know for sure that I will not start buying any of those "investment products" from those guys who send me letters and call me on the phone, even if they do want to buy me dinner first.
Boomer