Hey Financial Freaks!
I read all your blogs and articles and I have to say something: «Are you nuts?»
That's right. People are buying like there's no tomorrow. What is that?
Apart from POW, ABX, SU and other slumping underrated (and excellent) stocks, I wouldn't know where to look at.
One of the main rule we learn in investing books (and in those financial articles) is to go against the current. Right? So right now, the bull market has been in full swing for quite some time. Something's gotta give (not me!)
I keep away from the market and pray (sort of -- I'm not that religious!) for a correction.
Actually, at the moment, the most sensible thing I've read from a fellow blogger is a post about how he bought a gold coin! Well done. Especially in the wake of what's going on in Chypre. Apparently, your money isn't safe in banks anymore.
Meanwhile, Mr. Taxman has been kind to me and has given me back money (I had previously given him!). We expect a total refund of roughly 5 K$ Cool. I am still waiting for 1,3 K$ from that money.
What did I do with it? I paid my margin and Visa. My 2K$ debt has been totally erased. Actually, I should have paid it earlier with the cash sitting in my account. Go figure.
So my Net Worth has changed a little -- for the best. Check it out here. Let me know what you think.
Why are people so bold? Tell me. Are you also buying at the moment? Or are you like me and try to have the best possible margin of security by buying as low as you can?
I want to know. Tell me Freaks, « Is greed good?».