MJ DeMarco
I followed the science; all I found was money.
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With the current recession (I think we are in one, not heading for one) what is everyone holding for asset classes?
Here is what I'm holding:
1)Municipal bonds
I think these are great investments for those in high brackets. Tax-free income plus there is a good chance their valuations will increase if tax increases are legislated. The downside is interest rates will most likely go up in the short term causing prices to fall.
2) Currency
I like the Euro and the AUS. Both pay higher interest rates and I believe the dollar will continue to fall. At the moment, it appears to be range bound between 153 and 159. You can trade the range and make $$$. I believe it will break-out past 160 eventually as America continues to print money to alleviate their economic problems.
3) Metals
I day trade the metals ETF's (Silver/SLV and Gold/GLD) ETFs which also will continue to have high upside bias under inflationary concerns and high oil.
4) Canadian Royalty Trusts
I hold PVX (Provident Energy) which is an oil and nat gas company. PVX pays a 12% annualized dividend, payable monthly. Its a nice income source and should benefit from high oil / nat gas prices.
5) Index Shorts
DXD, QID -- these ETF's profit when the market tanks. I am in and out of these when the charts says so. I haven't traded them recently due to the site changes here. Here is a full list of index shorts ...
http://tradermike.net/2007/03/list_of_inverse_short_bear_etfs_/
Lots of goodies ... DUG (Oil Short), Financial shorts, RE shorts ....
6) Put Options
Profit when a stock tanks. Highly leveraged. Right now I'm looking at puts on BBBY - Bed Bath and Beyond. Earnings on the 25th ... I think it won't be good. I don't own any puts now.
7) Money Markets (Taxable and Non-Taxable)
How can we forget these?
8) Short-term CD's
Most are 6-18 months and pay greater than the Money Market rates.
The aforementioned is not investment advice. Read the Terms listed below if you don't understand what that means.
Here is what I'm holding:
1)Municipal bonds
I think these are great investments for those in high brackets. Tax-free income plus there is a good chance their valuations will increase if tax increases are legislated. The downside is interest rates will most likely go up in the short term causing prices to fall.
2) Currency
I like the Euro and the AUS. Both pay higher interest rates and I believe the dollar will continue to fall. At the moment, it appears to be range bound between 153 and 159. You can trade the range and make $$$. I believe it will break-out past 160 eventually as America continues to print money to alleviate their economic problems.
3) Metals
I day trade the metals ETF's (Silver/SLV and Gold/GLD) ETFs which also will continue to have high upside bias under inflationary concerns and high oil.
4) Canadian Royalty Trusts
I hold PVX (Provident Energy) which is an oil and nat gas company. PVX pays a 12% annualized dividend, payable monthly. Its a nice income source and should benefit from high oil / nat gas prices.
5) Index Shorts
DXD, QID -- these ETF's profit when the market tanks. I am in and out of these when the charts says so. I haven't traded them recently due to the site changes here. Here is a full list of index shorts ...
http://tradermike.net/2007/03/list_of_inverse_short_bear_etfs_/
Lots of goodies ... DUG (Oil Short), Financial shorts, RE shorts ....
6) Put Options
Profit when a stock tanks. Highly leveraged. Right now I'm looking at puts on BBBY - Bed Bath and Beyond. Earnings on the 25th ... I think it won't be good. I don't own any puts now.
7) Money Markets (Taxable and Non-Taxable)
How can we forget these?
8) Short-term CD's
Most are 6-18 months and pay greater than the Money Market rates.
The aforementioned is not investment advice. Read the Terms listed below if you don't understand what that means.
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