Seeking Alpha

Retirefund's  Instablog

Retirefund
  • on Utilities
  • on Commodities
159 Followers
17 Following
Send Message
Long a buy and hold investor, I now believe that buy and hold has to be re-evaluated in a world of ever increasing, instant information and huge gyrations in markets all over the world. A value investor at heart, I anchor my portfolio with conservative funds and blue chip dividend stocks, but... More
My blog:
Retirefund
  • A Santa Claus Rally, or a Christmas Crash? Tread softly, and carry a big bag of cash!  0 comments
    Dec 8, 2010 3:03 PM | about stocks: NYX, NY, NYC, AGD, FNDM.PK, TDF, TD, BOE, BAB, BAC, BAC.B, BABS, USA, USB, GS, GSC, GLD, GLAD
     
    It's almost year end, and the big dogs of the managed mutual fund industry have quite a quandary on their hands. They stayed out of the fall rally, hoarding cash, and subsequently made no money, while the market surged ahead. Their problem:  Well, they now either have to make up all of that in the next two weeks, or be prepared to explain to their many clients why their investments did not keep up with the market, and in fact, performed well below it.

    Remember, these are the guys who charge you exorbitant fees to take care of your money, and often charge you a percentage of your money to get into their funds, and then to get out of their funds.  Now they are caught between a rock (Gold) and hard place (the market).

    Weve done well this year (about 208%) so we are selling into this so called rally, and taking profit off the table while the taking is good.  I hope you see it as I do, a fund managers hell bent race to the finish, and the devil take the hind most.

      Getting into cash and planning to have a very Merry Christmas this year.

    HP

    retirefund.blogspot.com/


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Themes: managed mutual funds, ETFs, Market, NYSE, TSE, S P, funds Stocks: NYX, NY, NYC, AGD, FNDM.PK, TDF, TD, BOE, BAB, BAC, BAC.B, BABS, USA, USB, GS, GSC, GLD, GLAD
Back To Retirefund's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • You may not agree with JSK, but he makes a good argument for physical gold and silver now..http://dld.bz/czDTU $GOLD $ABX $GG $GLD $SLV $BRD
    Apr 22, 2013
  • $DTLK CFO/CEO buys in Feb and sells in Apr. I like this stock, but closer to $10, hopefully under that!
    Apr 11, 2013
  • $GG Chief Sprott Strategist sees big jump in gold and silver by year end 2013-->http://dld.bz/cwB6w $GOLD $ABX BRD $SGRCF.PK #GLD #SLV
    Apr 10, 2013
More »

Latest Comments


Most Commented
Posts by Themes
(TSX-SGR), 1211.HK, ABX, AIM-NUS, America, ASE-LNC, ASX: ORE, ASX:GXY, ASX:RDR, bld.t, BLD.T SGR.T BRD.T TLH.T RM.T WLC.T NUS.T, BRD, BRD-T, Canada, commodities, corn, deficit, economy, employment, Energy, energy, etf-long-short-ideas, ETFs, food, funds, gas, GG, GG ABX KGC BRD SGRCF.PK GLD SLV GLDI GLDX PSLV PSHY SPPP, GG GOLD GLD ABX KGR AUQ AUMN SLV NEM ANV BRD, GLD, GOLD, gold-and-precious-metals, GPHEF.PK GPHOF.OB GRPH.OB AGIN.OB BNCIF.OB CHGL.OB DARDF.PK NANO NANX.PK NASRF.PK NGEN NNBP.PK, Gulf, housing, jobs, Juniors, LAT-T , LIT-T, LIT-TSXv, LIT-v, LNCGY.PK, long-ideas, managed mutual funds, Market, Mexico, NUS-T, NYSE, oil, OIL,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.