Skip to main content

UCS morning update

Could be another twiddle-your-thumb day. Wall Street Journal before the bell update suggest a slow start with some new economic data being released and with Chairman Bernanke testifying before the House Budget Committee today. Do you buy, hold or sell? If you are buying, what do you buy? If you are selling, what do you sell? And if you hold, what are you holding? Here is my take on three industries.

Technology: Buy- most technology companies are flush with cash are weathering the recession well.
Commodities: Sell- take profits; most commodity funds are up 20% or more. I am still angry over oil and gas spectacular collapse in '07 and '08. I have volumes of articles, research, and data that suggest that there was some sort of shortage. In fact, we were not even close to a shortage. The entire market was being manipulated.
Real Estate: Hold- Most real estate funds, companies, and reits have been beaten down mercilessly, there is still a lot of bad paper on and off the market that need to be restructured, sold, auctioned, etc. You may say that this may be the time to buy, but my reply would be only if you are a real estate expert with 100 years of experience. Otherwise, I suggest that you wait.

06/03/09 08:39 AM

Comments

Popular posts from this blog

ETF update

I have been tracking exchange-traded fund indexes of oil and gas, banking, health and pharma, real estate and commodities but none of these indexes are budging from their lows. Maybe, I am looking at this in the wrong way. A few points here, a few points there- nothing major; The only investors that are possibly making money are the short sellers. If you are good at short selling then this is the market for you. Lets take a look at a good short fund.

ETFs -More training and education

By Rick Walter ETF Training & presentation, education and more... There is so much out there. I went to the iShares website and found a series of educational tools, webinars, web casts , tutorials and presentations that may help a beginner and even experienced investors. I was impressed with the tutorials, but I still think that the financial buzzwords in the presentations may be a bit too complex for beginners. However, the site overall presentation and content is very good! What about taxes? By trade I am a tax professional; I believe that all investments should be analyzed first from a tax position, before an investment decision is made. ETFs are labeled as very tax efficient vehicles. Here is a good article, in my opinion, that explains the tax efficiency issue very well for ETFs. Check our external link section for links to websites that I believe provide top notch information on ETFs, including sponsors, distributors and advisers. I will be adding to the list daily. If th...