Wednesday, February 10, 2010, 9:02AM ET - U.S. Markets open in 28 mins..
Buy and hold. Depending on whom you speak to it's either a tried and true strategy to live by or a relic of the pre-crash days.
Jeff Mortimer, chief investment officer of Charles Schwab Investment Management, is still one of the faithful. In fact, the more investors' turn away from 'buy and hold' the more he believes in it. Mortimer says doing the "opposite of what everyone else is doing" has always been a winning strategy in his career.
Mortimer’s not opposed, "if you want to trade around the edges" with a small portion of your portfolio, but warns trading in and out of the market is a sucker's game for most.
Which stocks are worth owning in this environment?
One area he favors is the materials sector, saying it "should continue" to lead any recovery, and still sees value in steel stocks. Also, instead of worrying about the rising price of oil, he calls it a bullish indicator. "The price of oil is clearly showing to us worldwide demand for a commodity," he observes.
He's also still recommending tech stocks like IBM and financials, another key sector that's lead this year's bull run. Among his favorites in this category is JP Morgan Chase, a stock he calls a long-term winner.
Buy and hold is dead! See Nasdaq since 2000, see Nikkie since 1990. A $1000 in 2000 was worth more than $1000 today because they keep printing the stuff at an ever greater rate.
I think the question for today is am i better to put my money against my debt or in investments. With the dow/oil ratio so low my thought is paying off debt is the better call. Wait for the ratio to go higher before investing.
Buy and Hold old like mold.. Buy and Sell works like h....
I'm not sure he is doing the opposite of what everyone else is doing. In fact he is simply doing what everyone else is doing. Buy and hold is a fabulous strategy for a perpetually increasing stock market. Markets do not behave in this fashion. A longer time horizon is required. Visit http://www.TheSentinel.biz and read our long-term market forecast.
the TT losers won't like this guy! How's that sucker's rally Task? hahahhaa,
Buy and hold is dead! See Nasdaq since 2000, see Nikkie since 1990. A $1000 in 2000 was worth more than $1000 today because they keep printing the stuff at an ever greater rate.--------------------------------use the S&P 500 or an all world index, and add it money every year and see if you end up better than being in cash, over the long-term you def will and will have collected some nice div's along the way
Where is Liz Saunders?? Is she single?? Anyway, I like his sector pick...buy materials...and sliver.
Mortimer's body language says he doesn't believe what he is saying. But I trust Mortimer.
I bought and held; didn't listen to the doom & gloomers. I'm down about 5% for the year. I am now re-balancing losses & gains for tax purposes. I want to beat the December rush. I expect to be even early next year and up 10% by end of 2010. Expect DOW 16000 by 2016.
The 200 DMA is angled up right now. Jump on the bubble, hold with a 10% trailing stop. It worked for the DOT Bom bubble, it worked for the Bank Bubble and it worked for the oil bubble. It will work now.
You guys above are right on track...Suckers Rallies don't last for long. GS and insiders are proping up this market up just for a trade. Buffet included. The fundamentals look bad going forward. Eastern Europe and a number of third world Nations are on the chopping block won't be able to pay back the European banks which are leveraged a lot worst than the US Banks due to weaker regs. Oil revenues will decline a lot further as green energy alternatives become in vogue. Look for higher interest rates and more defaults and bankruptcies like never before a double dip in equity markets and unemployment up to 20%. Also A.Cohen says the fundamentals are bad and a correction is in order soon for 20% decline. The 50 day moving averages on the Dow the will break down before Jan 1 2010. As the dollar recovers due to increased cost of funds due to inflation spiral commodities will take a big hit due to overspeculation ahead of itself across the world. Trade wars likely to emerge... Than real big wars that cost a lot more than the Trillion already sank in Iraq and Afghanistan.
You guys above are right on track...Suckers Rallies don't last for long. GS and insiders are proping up this market up just for a trade. Buffet included. The fundamentals look bad going forward. Eastern Europe and a number of third world Nations are on the chopping block won't be able to pay back the European banks which are leveraged a lot worst than the US Banks due to weaker regs. Oil revenues will decline a lot further as green energy alternatives become in vogue. Look for higher interest rates and more defaults and bankruptcies like never before a double dip in equity markets and unemployment up to 20%. Also A.Cohen says the fundamentals are bad and a correction is in order soon for 20% decline. The 50 day moving averages on the Dow the will break down before Jan 1 2010. As the dollar recovers due to increased cost of funds due to inflation spiral commodities will take a big hit due to overspeculation ahead of itself across the world. Trade wars likely to emerge... Than real big wars that cost a lot more than the Trillion already sank in Iraq and Afghanistan.
Buy and Hold NOTHING Have you looked at long term charts lately? The S&P 500 is back to its 1998 level. The NASDAQ and Dow are back to their 1999 levels! http://moneyfromthemarket.blogspot.com/2009/11/buy-and-hold-nothing.html
Buy and Hold NOTHING Have you looked at long term charts lately? The S&P 500 is back to its 1998 level. The NASDAQ and Dow are back to their 1999 levels! http://moneyfromthemarket.blogspot.com/2009/11/buy-and-hold-nothing.html
Buy and hold is gone. The new metrics and new standards of the market will not allow that. The money is made now in the short term hourly ups and downs with major money players (pension funds). The old market fundementals are completly upside down. The small investor is getting fleeced. American companies will continue to struggle into the near future and will not return much, until unemployment is put in check.
You guys above are right on track...Suckers Rallies don't last for long. GS and insiders are proping up this market up just for a trade. Buffet included. The fundamentals look bad going forward. Eastern Europe and a number of third world Nations are on the chopping block won't be able to pay back the European banks which are leveraged a lot worst than the US Banks due to weaker regs. Oil revenues will decline a lot further as green energy alternatives become in vogue. Look for higher interest rates and more defaults and bankruptcies like never before a double dip in equity markets and unemployment up to 20%. Also A.Cohen says the fundamentals are bad and a correction is in order soon for 20% decline. The 50 day moving averages on the Dow the will break down before Jan 1 2010. As the dollar recovers due to increased cost of funds due to inflation spiral commodities will take a big hit due to overspeculation ahead of itself across the world. Trade wars likely to emerge... Than real big wars that cost a lot more than the Trillion already sank in Iraq and Afghanistan.
You guys above are right on track...Suckers Rallies don't last for long. GS and insiders are proping up this market up just for a trade. Buffet included. The fundamentals look bad going forward. Eastern Europe and a number of third world Nations are on the chopping block won't be able to pay back the European banks which are leveraged a lot worst than the US Banks due to weaker regs. Oil revenues will decline a lot further as green energy alternatives become in vogue. Look for higher interest rates and more defaults and bankruptcies like never before a double dip in equity markets and unemployment up to 20%. Also A.Cohen says the fundamentals are bad and a correction is in order soon for 20% decline. The 50 day moving averages on the Dow the will break down before Jan 1 2010. As the dollar recovers due to increased cost of funds due to inflation spiral commodities will take a big hit due to overspeculation ahead of itself across the world. Trade wars likely to emerge... Than real big wars that cost a lot more than the Trillion already sank in Iraq and Afghanistan.
I almost miss the old "second derivative of second derivative is meaningless" tech ticker. TT guys listening to bulls almost makes me think... time to get out?
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ʞɔɐɾ - Wednesday November 04, 2009 10:12AM EST
Listen to Mortimer. Mortimer talks. I trust him. I trust experts. I'm sexy.