CAVEAT: THIS BLOG CONTAINS (albeit often very childish) ADULT-CONTENT.

REQUISITE BLOG DISCLAIMER: Entries at this blog are akin to good old-fashioned campfire chats; I offer no opinion on what you should or should not purchase, or what you should be using or doing. What does or does not work for me could be long country-miles away from your tastes and your needs. Any products, places, and / or whatnots that I review for this blog are purchased at retail price by me. I do not accept payment, gifts, discounts, freebies, products on loan, demon alcohol, drugs, plea-bargains, probation, parole, Presidential Pardons, or any flavor of sexual favors for doing any review.

EU TRACKING COOKIE NOTICE: Our Lord and Savior, The Almighty Gooooogley, bakes those scrumptious cookies and whenever The Almighty Gooooogley cooks something up it means everything related is for sale; it is possible that some of you good souls could be sold-out. The author of this blog sincerely appreciates the many visitors from inside and outside of the USA and feels obligated to mention that YOUR RESPECTIVE GOVERNMENTS (and / or employers) MAY KNOW THAT YOU WERE HERE and they may not approve of you perusing the blog entries regarding GUNS ... KNIVES ... SELF-DEFENSE ... CORRUPT POLITICIANS ... SELF-SERVING ROGUE GOVERNMENT AGENCIES ... GOVERNMENT SPYING ON CITIZENS ... Human Rights ... Freedom of Speech ... Life ... Liberty ... Pursuit of Happiness ... War isn't Peace ... Slavery isn't Freedom ... Ignorance is Weakness ... and all that other "subversive" stuff that worries the living hell out of the dictatorial elite.

Vive la liberté! Vive all y'all!

Ante omnia armari

To each of you ... Thanks for stopping by.

Tuesday, September 30, 2008

Dumb Luck Investing Update

Welcome to the wonderful world of scrambled nest eggs.

At a quick glance, followed by some quick barroom napkin calculations, Monday’s stock market selloff put the major markets down from their bull-market closing highs as follows:

DOW down roughly 27%
S&P down roughly 29%
NASD down roughly 30%

My modest little portfolio is now even more modest than before, down 8.5% from its bull market high. With the equities portion losing value, my cash position now sits at 60%. Adhering to my personal investment rules, October is my next window for a portfolio change. For now, my inclination is to move another preset monthly allowable amount from cash into equities. My rules do not obligate me to make a change each month; I can choose not to do anything. If I skip a month, my rules do not allow me to make two changes the following month; it is strictly one change allowed per month.

One would think we would see some market support in this -30% area of losses. If all of the cards were face up on the table then we could all start feeling optimistic, but there may be more surprises. The markets going another 10% to the downside would not surprise me, but there is absolutely know way of knowing.

Hang in there; I am sure that Paulson, Bernanke, Bush, and Congress have a bailout plan ready to cover all of our investment losses.

No comments: