Live Well Within Your Means

Live Well Within Your Means

There is a lot of controversy now, about US markets tanking, Housing Market, Banks Tanking, Oil tanking, Emerging Markets, Canadian Markets, etc... Bonds falling, the dollar (American)

So what the hell should you be into? Cash sucks, as inflation suck's it up, Gold, Real Estate, they all fluctuate... So here it is.

What is up will go down....

What is down will go down... but not as much... and eventually will go up....

Therefore when doing your reasearch, ask yourself "What is up right now????"
Because if it is up, it is probably overvalued, and a load of hype and crap. These are the ones you will lose your shirt on.

Remember: Value Invest in stocks with low P/E and fundamentals
Always use stop loss (15-30%) (your threshhold may vary, this is my personal range)

What is up: Commodities, Emerging Markets, Canadian Market (because of Oil and commodites), Real Estate, Equities

Long Term, Dividend paying Equity Stocks will outperform any asset class, including Real Estate. I rolled my entire portfolio into Canadian Equity
some 5 years ago, and yes have done very well. But the good times are set to come to a close and it is time to take some money off the table
and go to Money Market holdings. My goals are actually short term, so I need to preserve some capital. But as my Canadian Equity account
is a monthly contribution of $200.00/mth, the dollar cost averaging over the last slump was very profitable. When the market slumps (not if, as we
know this will happen, just not exactly when) I would not worry if my portfolio dropped 10-15%, because it is retirement money, and I can wait out
the next market cycle.

Remember that market cycles are anywhere from 5-11 years with most being about 7, so if you are at a peak in an asset class, (as we are not with housing and comodities)
then you have 3-5 years to wait until the bottom, and another 3-5 till the next peak.

More later on staying withing budget, and reasearching opportunitys. Bye for now.

- axeman

Live Well Within Your Means

Live Well Within Your Means

Ok where do you get the $50.00? You steal it of course... from yourself. Call the bank and autorize them to steal the money before you
can get it. In 10 Years you can thank me.