V
Vincenzo Corleone
Guest
Hi,
A couple of questions -
First, I should mention that both my wife and I are 38 years old.
We have money mostly in stock and bond mutual funds - mostly domestic, but some int'l - both in taxable and retirement accounts. Also have some money in stocks in my taxable account. Some of these funds and stocks I absolutely love - BRKB and MPGFX to be specific. With all the talk about the stock market trading sideways or down for the next decade, I'm wondering if I should sell and hold the cash for when a bargain appears. But I also am familiar with the concept of compounding and the velocity of money - benefits I would most definitely not get by selling. What do you think?
Also, I know that commodities are doing very well now. I'm very tempted to invest some money in something like PCRAX or the close-ended fund Jim Rogers runs. While I'm very tempted, I also know that chasing a trend - following the herd - can turn out to be disasterous. What do people here think? Am I too late to the party on commodities? Part of me thinks that I should just be patient and wait to find an asset that has been run down so badly that it is a bargain.
I'm sure that these questions have been asked a million times already. I appreciate your taking the time for this.
A couple of questions -
First, I should mention that both my wife and I are 38 years old.
We have money mostly in stock and bond mutual funds - mostly domestic, but some int'l - both in taxable and retirement accounts. Also have some money in stocks in my taxable account. Some of these funds and stocks I absolutely love - BRKB and MPGFX to be specific. With all the talk about the stock market trading sideways or down for the next decade, I'm wondering if I should sell and hold the cash for when a bargain appears. But I also am familiar with the concept of compounding and the velocity of money - benefits I would most definitely not get by selling. What do you think?
Also, I know that commodities are doing very well now. I'm very tempted to invest some money in something like PCRAX or the close-ended fund Jim Rogers runs. While I'm very tempted, I also know that chasing a trend - following the herd - can turn out to be disasterous. What do people here think? Am I too late to the party on commodities? Part of me thinks that I should just be patient and wait to find an asset that has been run down so badly that it is a bargain.
I'm sure that these questions have been asked a million times already. I appreciate your taking the time for this.