As you listen to experts on the market and economy, I urge you to review the quotes by the experts on the crash of 1929. http://www.gold-eagle.com/article/1927-1933-chart-pompous-prognosticators. An interesting event took place in 1933. On the chart it is event #20. “All safe deposit boxes in banks or financial institutions have been sealed… and may only be opened in the presence of an agent of the I.R.S.” – President F.D. Roosevelt, 1933. Currently Greek cannot use the money stored in their safe deposit boxes.
Ed Slott was on the 09Aug15 podcast Retire Secure by Jaome Lange. Ed is also on PBS a couple of time a year. He is the expert on IRAs and has some interesting idea on IRAs and the use in financial planning.
IBD TBP’s Market Pulse is “Uptrend under pressure”. Not a time to buy.
On Tuesday the Nasdaq went up 2.7% and the S&P500 was up 2.5%. The Market Pulse was changed to “Confirmed uptrend”. On Wednesday The Big Picture (TBP) said “The stock market got smacked with a nasty reversal…” and changed the Market Pulse to “Uptrend under pressure”. Obviously not every “Confirmed uptrend” indicates the start of a new bull market. Perhaps the best idea is to wait a week after a “Confirmed uptrend” to see if it remains unchange.
My current investments:
IRA#1
None
IRA#2
None
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested