ah bt he does get bespoke suits these days ... an gold about to go below 700 ... me thinks the biggest lesson from this crisis is that gold is without doubt a worthless relic, and the easy money on gold is short the spikes .
I would say about 15-20 shares should suffice. It doesn't matter which sectors they are in. As long as they meet your criteria of a high quality company with a proven ability to generate increasing real earnings/dividends in the long term available at a fair price or better. I would look to include such companies as MSM,MPC,TRU,SOL,PPC,SUR,ASA,SBK,RMH,KWV,PWK,WHL,CLH,ALT,APB,PMM,OCT and RLO. MTN, although not a great div payer, could in future begin to decrease its div cover. There's plenty of cashflow coming into MTN,but they need it for their expansion plans for now. I would include MTN. Of course everyone's needs are different so one would have to adapt such a portfolio to ones individual needs and means. OMO
But why are the world buying $ Simon ? Maybe because a gigantic margin call are forcing hedge funds to unwind their leveraged trades and buy dollars to pay back their carry trade loans. This mechanical trading will end sometime soon and at that time the dollar will be massively overbought and currencies like Euro etc. massively oversold. Don't be surprised if the $ start dropping very steeply anytime soon. When the US Government is creating billions and billions of new dollars out of thin air, the results is sure to pitch up sometime in the financial world.
Ooh, John. You stepped right in that one. Hedge funds unwinding massive carry trades and buying dollars to settle debt is far from seeking a safe haven. Gold is sold down like every thing else to cover that same debt. We'll see how safe your $ is when this process ends and all the US has left over is trillions of worthless paper created out of thin air. This might happen sooner than you thought. I would have thought everyone actually learned something from Zimbabwe. Gold will come back in a strong way guaranteed.
During these trying financial times I've seen the Buffet fan club growing in leaps in bounds. You get the feet kissers, the butt kissers, the cheek kissers, and those just watching and having a good chuckle at all of this. Isn't it the same Buffet that said a few months ago that the worst of the financial crises is behind us? How can you follow the advice of a billionaire when your own frame of reference is so much different? The man could buy millions of $ of shares every day for the next 15 years and still be liquid. Could you do the same when blue chips drop with 10% some days? Buffet this and Buffet that - Who gives a *****!!!!!!!