....Her monthly income has gone down but she still sports a positive cash flow. So why my advice...it depends on your time horizon. If the same situation existed in 1998 as today I would not gone have gone out as far on the treasury yield curve. 75% of the money in treasuries and 25% in a large cap mutual fund with securities that have a strong dividend history. One size does not fit all. Good Luck.
I am the Herald Angel. I am the foreshadow. I am the sage who sits atop the the mountain. Watching. Learning. Listening. I wish you no ill will. I offer you no prophetic words for I am not an Oracle. I do not obfuscate the future with twisted words and hidden meanings. But I have spoken to and seen the past. Alas, nothing has changed. Nor is it destined to in the investment world. Choose your own path. But do not foresake the wisdom of those who have preceeded you.....
Hmmmm...Investing 1A....if you don't have faith in managment you probably shouldn't own the company. Full Stop.
Do you honestly still believe it is "about the shareholder?" That is an age old aphorism that should have gone the same way as the Dodo bird. It's about the wealth of the executive officers, the maket makers and the insiders. Always has been and always will. Until you become one of the aforementioned three groups your entire investment life in the stock market will be a roller coaster.
Sorry, but those are the unspoken facts. We are all suckers for being a party to this game...
Want to sleep well at night? Then put your hard earned money in 1-5 year US Treasury Notes. They won't make you rich but you'll save money on the Prilosec/Zantac and anti- aging creams. After 30 years you'll be happy you went the conservative route....trust me. You won't be rich but you'll be well off and happy.
Heather...glad to respond. Purchased September 5 call options about 4 weeks ago. 100 contracts at $ 0.25/share i.e., option to buy 10,000 shares at $5.00/share. I will be in the money if XOMA moves above to $5.25 by September 19. If the contract expires out of the money I'm out $2,500.00 No way am I going to buy XOMA shares. Options are the wisest way to play this silly game. My loss is somewhat limited and if I'm wrong and all goes well with XOMA there could be a handsome return. I'm willing to gamble $2,500.00 because fools often bid up the stock price prior to the usual collapse.
Keep telling yourself that Ranger. For 30 years everyone has been telling themselves "This time is different and XOMA is going to the moon!" And for 30 years investors have been fleeced while generations (that's right generations) of members of the executive committee have financed lavish lifestyles with the money from suckers like you. Don't feel to bad you're in the company of thousands of other suckers.
Sir...you seem quite confident. Why not sell naked call options? Surely with your investment prowess a fortune can be made:).
It's "You're Welcome" not "Your Welcome." Idiot