<p>No its true, right now most of my money is in cash. I’m like a lot of the other lemmings who think that a correction is upon us - probably this is wrong. I use some of the cash to sell puts. I would really like to get completely out of the market but I don’t know any other way of making money. I’d like to be more in bonds but right now I’m terrified of them. A lot of people I know are in munis but I don’t understand them yet.</p>
<p>I bought a lot of munis over the last several years…</p>
<p>I wish I bought more. </p>
<p>In California…because of the fear of the state’s finances…and later because of Meredith Whitney’s call…interest rates were high on different munis in California.</p>
<p>But that is over now. </p>
<p>There were munis for sale in a very, upscale community in Cal, a few months ago. </p>
<p>2 percent tax free a year for 10 years. </p>
<p>I can’t buy those.</p>
<p>I have been out of the muni market this year.</p>
<p>I bought some BofA bonds when people were panicking. It was probably better to just buy the stock…but there was a little more risk.</p>
<p>I don’t see anything out there that I want to buy.</p>
<p>I am not even getting calls from brokers anymore asking me to buy their stuff. :)</p>
<p>I’m thinking of just owning some good dividend stocks, maybe selling otm calls on them and selling weekly otm puts mainly on spy and iwm - things that I’m pretty certain won’t go to 0 and are easy to roll over if I don’t like the price that I may get assigned with. Of course if they do go to 0, I think that will be the least of my worries.</p>
<p>:)…</p>
<p>We will all be in trouble if SPY or IWM go to zero.</p>
<p>I will take a chance and buy infinity worth of Spy at zero. I tell you what… I will buy 5 million shares at a penny…if you need to sell some SPY. :)</p>
<p>
</p>
<p>Where?
Why you can’t buy?</p>
<p>You want to make 2 percent a year for ten years?</p>
<p>20 percent For 10 years?</p>
<p>You are trying to make 20 percent or more for one year with your homes…</p>
<p>dstark,
You and bce and doct and others here are WAAAAY more sophisticated than I am. I did call the market turn down here, but did not play it. We (H and I) played it exactly wrong, in a way: hedged our long of AAPL!
See- one can be “right” but still lose money - it is a tough game! So I am mostly watching and listening, and doing a few simple things now n then…
Play away!</p>
<p>I am more of a fundamental investor, basically.</p>
<p>There is room for fundamental investors here…</p>
<p>I am not long Aapl…</p>
<p>My dad isn’t sophisticated and he is up 70,000 on 200 shares…</p>
<p>I am supposed to be sophisticated…and I am down a few thousand in Aapl.</p>
<p>I was short 300 calls in Aapl…right before it ran…</p>
<p>I would only be down $590 times 60,000 shares. The stock split.</p>
<p>How much is that? Lol…that would have been a problem.</p>
<p>I covered those calls. Saved my aaa. </p>
<p>I don’t do that stuff anymore… :)</p>
<p>So sophisticated can be overrated. ;)</p>
<p>This read is for everybody who wants to comment…about whatever…that is related…to investing, speculation, or gambling…</p>
<p>I would tell my dad to post…but then he would know what my AAPl position was, and if he knew what my Aapl position was…he would have a heart attack. :)</p>
<p>
Well a little conservative won’t hurt…:)</p>
<p>Well…you can buy munis at Schwab and Fidelity and Stifel Nicolaus, and I am sure tons of other places…</p>
<p>I can’t buy those bonds because I don’t want to lock up 2 percent interest rates for 10 years. I guess I should have said won’t instead of can’t. :)</p>
<p>And if you flip one house…you can make nothing for 9 years and come out the same…</p>
<p>Actually my mom is in all those tax frees and she is doing well last year as the value increased 6% on paper. I am her POA.</p>
<p>I was a conservative guy, holding most of my assets in cash, until the recent down turn in RE… I saw the opportunity and I know some thing in construction. So I jumped in with two feet. This RE disaster is actually my opportunity, after not owning ANY RE for a LONG time. :)</p>
<p>Aren’t you in the real estate business?</p>
<p>Well…that’s great that you are taking advantage of an opportunity in real estate.</p>
<p>Yeah munis have done well…</p>
<p>It’s a double edged sword. Because now…the munis out there don’t have great yields. So as a buyer they aren’t as attractive.</p>
<p>And one thing about munis…you buy them…you kind of own them…they don’t trade like stocks.</p>
<p>The difference between the bid and ask in munis is a little wider than it is in stocks.
Then again…munis have rallied so the bid ask spread might be a little less important. </p>
<p>Have I confused things enough? :)</p>
<p>12,000 before 13,500… Low volume,economy still strugggling foward, unemployment numbers don’t tell the real story,and the belief that the market move upwards has been because of the implied backing of Uncle Ben…</p>
<p>Didn’t H Ross Perot have his whole fortune in munis?</p>
<p>If I were really rich, I’d have my fortune in munis and treasuries (well, before they quite paying any interest to speak of)…I figure that you should only have to make your money once–then you should go into maintain mode. </p>
<p>Why take on risk to make more money that you really don’t need?</p>
<p>Ok…I only have about 4 good investment ideas a good year…and in that good year…1 or 2 work really well…and 1 won’t work.</p>
<p>So…</p>
<p>This thread is going to die without a little participation from others…</p>
<p>3 or 4 people aren’t going to do it. BCEagle91 is working out and doing other things…</p>
<p>So others have to step it up or this thread will die…</p>
<p>Which is ok…</p>
<p>Are there others with whom you’ve had these financial discussions on cc who you can invite to this thread? It doesn’t have to be constantly active to be an excellent and helpful thread.</p>
<p>OK so I have a question- why do people say to “sell in May and go away”?</p>
<p>Because historically…historically… </p>
<p>The market doesn’t do as well between May and October as it does during the other time of the year…</p>
<p>I think the market is close to flat over the years between May and October…</p>
<p>This is off the top of my head… :).</p>
<p>Also, the volume is lower during these months, as traders/investors take vacations…</p>
<p>The danger of looking for yield in Argentina…</p>
<p>Argentina…looks like it is trying to take over YPF.</p>
<p>[YPF</a> dispute: Argentina runs the risk of becoming an ?international pariah? warns Spain — MercoPress](<a href=“http://en.mercopress.com/2012/04/14/ypf-dispute-argentina-runs-the-risk-of-becoming-an-international-pariah-warns-spain]YPF”>YPF dispute: Argentina runs the risk of becoming an ‘international pariah” warns Spain — MercoPress)</p>