I’ve got some good news and some bad news.
The good news is that the current bear market is still in effect and stock prices are dropping. In my masochistic view of the stock market, the longer the market stays down, the more the opportunities for me to buy stocks at significant discounts.
The bad news is [...]
mutual funds
403(b) Plan Redux
403(b) Plan Portfolio Update
I moved my entire 403(b) plan portfolio from the safety of a money-market mutual fund and into stock market funds, just before market close today.
I’m still of the opinion that we are closer to a market bottom, than farther from a market bottom. Around 3:30pm (EST), I could see that the market would close near [...]
Vanguard Skepticism
I was reading John Spence’s post on MarketWatch.com about the recent announcement of CEO changes occurring at The Vanguard Group, and just had to comment on it.
In that post, John writes:
BOSTON (MarketWatch) — Vanguard Group has a unique ownership structure that allows the investment giant to provide mutual-funds at a low cost. But with a [...]
High Yield, HighTailed
With all of the flight to quality lately, the phrase “junk bond” doesn’t conjure up any warm and fuzzy feelings. As a matter of fact, it does just the opposite. The junk bond (high yield) sector has been hit hard this past month, and investors have been “hightailing it” in droves.
I watch The Vanguard Group’s, [...]