James Lange has a radio show which he podcasts. On is web site www.paytaxeslater.com, episode 102 features Dr. Laurence Kotlikoff, a professor at Boston University. He has written several books including The Clash of Generations: Saving Ourselves, Our Kids and Our Economy. After a horrendously gloomy picture of our future he provides solutions an individual can take. There is limited discussion of the book and the primary discussion was social security, providing some options to maximise your benefits. Taking benefits based on just becoming retirement age is probably one of the worst reasons to start taking benefits.
So the European Union decided to start quentative easing in order to stimulate European economies by buying $1.3T in bonds. When the owners of the bonds sell them, the money is then used to buy other investments. Thus the market goes up. The Nasdaq went up 1.8% the day the EU QE was announced. Again governments are controlling the markets by printing money. Investment prices are not based on earnings, growth, etc. but on what the next government financial official does or says.
IBD TBP’s Current Outlook is “Confirmed Uptrend” – Time to invest.
My current investments:
SPharmaceuticals has a price of 22.17, a sell price 21.06, a rank of 09, and is a Hold.
SBiotechnology has a price of 235.05, a sell price 223.30, a rank of 01, and is a Hold.
SHealthCare has a price of 227.04 a sell price 215.69, a rank of 04, and is a Hold.
STransportation has a price of 94.68, a sell price 91.54, a rank of 08, and is a Hold.
SAirTransportation has a price of 74.03, a sell price 70.64, a rank of 06, and is a Hold.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested