Attention 401(k) people
I get asked for advice from time to time, so I just though I would open up our retirement account and let you know what I'm doing/thinking. Enjoy.
Current positions
Stock Name: Ultrashort Dow 30
Stock Symbol: DXD
Stock Description: Trades inverse of the market, so if the market goes down this stock goes up
Percentage of portfolio: 2%
Stock Name: Goldman Sachs
Stock Symbol: GS
Stock Description: One of the biggest investment firms in the WORLD!
Percentage of portfolio: 65%
Stock Name: Vice Fund
Stock Symbol: VICEX
Stock Description: Mutual fund that only invests in porn, booze, guns and gambling
Percentage of portfolio: 33%
Comments: Yeah, I'm waaaaay overweight in Goldman but that was a fucking no brainer. It was fucking trading at $72.09, are you kidding me?!? I'll probably trim some profit off once it hits pre market crash levels ($154). And yes, as you can see I am still negative about the market in general, but just a little bit (2%). If we get another moderate downturn I might just take early profit on Goldman and swap it for the Dow Ultrashorts.
I still think we have yet to see the worse in this economy, but I'm not one of those stubborn economists (*cough* *KUDLOW* *cough*). The stock market is a leading indicator so if it starts to go up a lot then obviously things are looking up.
Have a great weekend, everybody.
Current positions
Stock Name: Ultrashort Dow 30
Stock Symbol: DXD
Stock Description: Trades inverse of the market, so if the market goes down this stock goes up
Percentage of portfolio: 2%
Stock Name: Goldman Sachs
Stock Symbol: GS
Stock Description: One of the biggest investment firms in the WORLD!
Percentage of portfolio: 65%
Stock Name: Vice Fund
Stock Symbol: VICEX
Stock Description: Mutual fund that only invests in porn, booze, guns and gambling
Percentage of portfolio: 33%
Comments: Yeah, I'm waaaaay overweight in Goldman but that was a fucking no brainer. It was fucking trading at $72.09, are you kidding me?!? I'll probably trim some profit off once it hits pre market crash levels ($154). And yes, as you can see I am still negative about the market in general, but just a little bit (2%). If we get another moderate downturn I might just take early profit on Goldman and swap it for the Dow Ultrashorts.
I still think we have yet to see the worse in this economy, but I'm not one of those stubborn economists (*cough* *KUDLOW* *cough*). The stock market is a leading indicator so if it starts to go up a lot then obviously things are looking up.
Have a great weekend, everybody.