Volatility Out the Wazoo!
Source: http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog/0/0/volatility-out-the-wazooPosted on Thursday, October 16th, 2008 | In Stocks to Watch
These are certainly the wildest markets I’ve ever seen — I mean, the Dow is regularly swinging 1,000 points!
And it seems as though someone is always asking me, “What do you think of the market today?”
My response is this: “I try not to think of the market in terms of days.”
Maybe it’s a cliche, but it’s how I really feel. Sure, I pay attention to what’s happening every single day … but I never assume that I can figure out the market’s move TOMORROW.
If you want to dabble with some market timing, be my guest … there is certainly plenty of money to be made on both sides with this kind of volatility.
But for your core income portfolio, my suggested strategy is unchanged: Hold your core income stocks AND hedges that cushion the short-term downside.
Last 5 posts by Nilus Mattive
- GM’s Bankruptcy and Changes to the Dow! - June 2nd, 2009
- Lessons from Warren Buffett’s Latest Letter - March 10th, 2009
- A big stock rally in … 2011? - January 20th, 2009
- New Law Lets You Skip Required Minimum Distributions (RMDs) - January 5th, 2009
- A thoughts for the start of 2009 - January 5th, 2009
 About Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog)
Nilus Mattive, a financial analyst at Weiss Research, is the editor of Dividend Superstars, a monthly publication and is also the editor of the company’s daily e-letter, Money and Markets. Formerly a senior editor of Standard & Poor’s The Outlook, the oldest continuously published investment newsletter in the country, he has written for a number of investment websites, including BusinessWeek and Individual Investor. Mr. Mattive is the author of The Standard & Poor’s Guide for the New Investor (McGraw-Hill, 2004) and has appeared on the popular investment radio show, Traders Nation, to discuss his views on personal finance. Mr. Mattive graduated cum laude from the University of Scranton. |
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