|
We live in a time of great opportunity, the market is at rock
bottom or almost there. My portfolio is down a bit but not
nearly as bad as the market. Macdunk is buying into essential
services POA. AIA. POT. and waiting on PWC to hit rock bottom, to
buy into that. We investors need bad times in order to have great
times. the big trick is minimizing the losses when the panic sets,
in or other words hold your position until your lot climb back to
square one. The threat of war is on, people are holding back, the
time is now in my opinion to invest. The dollar is to high, which
is killing farm related investments we also have the threat of an oil
crisis which it would be foolish to ignore. The companies I am
interested in are longer term investments I really don't see the
quick buck in anything, the market is dead. Its funny
how MR MARKET gets depressed, then will suddenly turn round and run in
the opposite direction so this time I am going to get in stick my money
where my mouth is. the war only panics the people that
wont take advantage anyway. My way of thinking is invest
into good solid companies, don't clutch at straws and the time is now to
invest. I really don't think it matters what sort of investing system a
person has in times like this, It all boils down to selecting the
safe investments and holding on. I expect the market to soar
after the first shots are fired ( any day now), and the moment its
over to go into bull mode. To all the financiers and advisors that have
told us to invest in lots of companies overseas and everywhere and
spread the risk I thought you were idiots then, and convinced of it now.
That is my opinion and I am big enough to withstand a bit of flak so
dont hold back. We still dont have people giving real opinions of
tomorrows markets, which disappoints me, thats what its all about in my
book, we after all devise our own buying and selling systems, but in the
end its tomorrow that
counts.
CHEERS MACDUNK.
| 
See IRG research reports
