In my report last week to my subscribers, I said the following:
“Some may recall that last year - our timing on becoming fully invested wasn’t the best. On almost every occasion it usually preceded a sell off. Hopefully this time will be different, but let’s not be too careless.”
Based on Friday’s action, I don’t think that this time will be any different. Although our Real Money portfolio closed up 1.1% for the week, it sold off 3.3% on Friday turning a great week into a good week. All of the major indices sold off around 2.5% for the day and closed down for the week.
Matter of fact, Friday marked the fourth consecutive losing month for the market. I looked back over the past 10 years and this is the third time that the market (as represented by the S&P 500) has strung together four losing months. The other two times happened 2001 and 2002. We haven’t had five losers over that time period. If we do happen to break the streak – we will undoubtedly be in an official bear market. Many are already claiming that we are already there.
Bear markets conjure up significant anxieties amongst individual investors. Interestingly its Wall Street’s buy and hold crap, sorry for the vernacular, that does most investors in. Continue reading ‘Now is Not the Time to Listen to Wall Street’
Published February 26th, 2008
in Portfolio - Updates (all).
Thanks for stopping by and checking out the site. As a bonus for visiting, I have made available the latest and greatest Time & Money Report. This report is released each week to Friends of TTaMG. Intra-week buy and sell signals are also issued when appropriate.
As of 2/22/08, our Real Money Portfolio is outperforming the S&P 500 by 17.2%. The Real Money Portfolio is up 9.4% v. S&P 500 -7.8%. With that kind of performance, it won’t take long to recover your $20/month subscription fee. Check out the freebie and then become a Friend of TTaMG.
Published January 8th, 2008
in Portfolio - Updates (all).
It was a great year at The Time & Money Group. In the New Year, I hope to share more insight on how I broke the shackles of my 9 to 5. Who knows - I may get back to writing my book (check out the Prequel). However, in the mean time I will continue sharing stock trading / investing strategies with those that are interested.
Our most conservative strategy once again delivered double digit returns and handily outperformed the S&P 500: 13.8% vs. 3.5%. As far as investing strategies goes, it doesn’t get much easier. To my dismay, most will find a reason not to employ it. If it wasn’t so simple I would charge big bucks for it. Here it is gift wrapped, free of charge, for you again – read ”The No-Brainer Investment Strategy to Double Digit Returns” for the details.
If you need a little more oomph – sign up for The Time & Money Report. As some of you may recall, The Time & Money Report started out as a thread on my blog. It has evolved into a real-time alert service. Now, subscribers receive emails when I buy and sell stocks in the Real Money portfolio. In 2007, subscribers that followed the alerts pocketed 28.6%.
Here are the year end statistics for the 2007 Real Money Portfolio:
There is no guarantee of similar results, but I am certainly going to try. Give The Time & Money Report a try in the New Year.
I have added a monthly subscription option that can be cancelled at any time. No partial month refunds are given.
Published December 23rd, 2007
in Portfolio - Updates (all).
Just when you think that we must be on the naughty list – Old St. Nick comes through. We can thank companies such as Adobe Systems (ADBE), Oracle (ORCL) and our old friend Research in Motion (RIMM) for putting the market in such a festive mode. All reported earnings last week that beat expectations. Has the slowdown in US enterprise spending been overstated? Some analysts are now are questioning that hypothesis.
For the week, the DOW, S&P 500 and NASDAQ were up 0.8%, 1.1% and 2.1% respectively. Commodities soared. Gold, silver, copper and oil were up 2.2%, 3.6%, 4.8% and 1.9% respectively. Gold stocks, as represented by the XAU, were up 1.3%.
Continue reading ‘Time & Money Review 12/21/07 – Santa Spotted on Wall Street’
Published December 16th, 2007
in Portfolio - Updates (all).
The Fed didn’t win any friends last week. The market sold off 300 points after their policy announcement on Tuesday. The market’s poor response prompted the Fed, the following morning, to announce a coordinated plan with the European Central Bank, the Swiss National and the Bank of England to address the credit crunch. After an initial positive reaction, the market sold off as investors attempted to decipher the plan.
Many traders were outraged as they were blown out of their positions courtesy of the Fed’s actions. Well-respected trader, Dennis Gartman, called for Bernanke’s resignation on CNBC. The outcries will only grow louder as Bernanke continues learning on the job. Unfortunately, investors are being stuck with his student loans.
Continue reading ‘Time & Money Review 12/14/07 – Investors Suffer as Bernanke Learns on the Job’
Published December 8th, 2007
in Portfolio - Updates (all).
The DOW popped for 196 and 175 on Wednesday and Thursday as the bulls anticipate Bernanke spreading good cheer in next week’s FOMC meeting. There is so much turmoil surrounding the credit markets and the sub prime debacle that passing out a lump of coal (no rate cut) can’t be a serious option. Will a ¼ point cut be enough to kick off the traditional Santa Claus rally? Tune in around 2PM on Tuesday to find out.
For the week, the DOW, S&P 500 and NASDAQ were up 1.9%, 1.6% and 1.7% respectively. Commodities were mixed. Gold and silver were up 1.4% and 2.4%, while Oil and Copper were down 0.5% and 1.8%. Gold stocks as represented by the XAU were up 1.9%.
Continue reading ‘Time & Money Review 12/07/07 – Bernanke: Saint or Grinch?’
Published November 25th, 2007
in Portfolio - Updates (all).
It was a tough week for the major market indices. The DOW, S&P 500 and NASDAQ closed off -1.5%, -1.2% and -1.5% respectively. The DOW closed below its August lows on Wednesday signaling a DOW Theory sell signal. Whether you subscribe to this theory or not – enough traders do; that it has caused extreme volatility around this price level. Friday’s rebound was comforting, but it was on low volume. The course of the market for the remainder of the year may be determined over the next few days.
On the commodity front, Oil continues to flirt with $100 per barrel, but the watched pot is having trouble boiling. For the week, Oil was up 4.6% closing at $98.18. Gold and Silver shined and were up 4.8% and 1.5% for the week. Gold stocks as represented by the XAU were up 2.0%.
Continue reading ‘Time & Money Review 11/23/07 – Is the DOW on the Ropes?’
Published November 17th, 2007
in Portfolio - Updates (all).
Apparently, the laws of gravity still apply to gold. Over the past 4 1/2 months, gold has gone vertical tacking 30% onto its June low. Before Gold investors could finish rewriting their new science books, they were treated to not one but two $30 down days. Damaged for the week totaled 5.7%.
Gold investors received a double whammy as they often invest in silver as well. Silver fell 6.6% for the week. How about a triple? Gold equities as measured by the XAU Gold index sank 7.5% for the week. That is just taking a joke too far.
Continue reading ‘Time & Money Review 11/16/07 - Gold Investors Reminded of the Laws of Gravity’
Published November 12th, 2007
in Portfolio - Updates (all).
The last bastion of strength, technology, was taken to the woodshed as the NASDAQ lost 6.5% last week. Selling was initiated when Cisco Systems (CSCO) reported inline revenue and earnings, but weakening sales to US financial institutions. Cisco’s strength in its other end markets was ignored as fear that subprime slime has infected the non-financials made the headlines. Before Cisco’s report, technology was hoped to be immune to the slime. Did the market over react? Probably, but fear often trumps fundamentals.
The DOW joined the pity party posting its worst 3-day loss in 5 years. It is off nearly 8% from its record high set on October 9. The S&P 500 was down 3.7% for the week.
Continue reading ‘Time & Money Review 11/09/07 - Technology Stocks Taken to the Woodshed’
Published November 4th, 2007
in Portfolio - Updates (all).
There is a simple strategy that is working now: If you drop it on your foot and it hurts- buy it! Don’t believe me – drop a barrel of oil on your foot. Say good-bye to your foot, but if you own a few barrels at $95 each it would soothe the pain. A pound of cooper at $3.40 hurts, but not as much as it did at 4 bucks. A bushel of wheat or corn – hurts. An ounce of gold wouldn’t hurt too badly, but most wouldn’t know where to buy a Gold Eagle anyway. Just in case you haven’t heard one of those will set you back 800 smackers.
With commodities making multi-year and in some cases all-time highs, the cries of bubbles are getting louder and louder. Interestingly, these same pronouncers missed the internet and real estate bubbles. I suggest that you ignore the bubble predictors - buy yourself a pair of steel-toed boots and back up the truck.
Continue reading ‘Time & Money Review 11/02/07 – Commodities Bubbling’
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