rsingh6675
Recycles dryer sheets
- Joined
- Nov 16, 2008
- Messages
- 126
Anyone has good ideas on buying year end oversold stocks, mutual funds, ETFs or CEF's. Your suggestions will be appreciated.
I thought you were still working. How did you manage 0% cg?Starting a couple of weeks ago, I sold enough to take advantage of 0% tax. Then, already bought back about 1/2 of that, but in different sectors and countries. Not sure what to do next with the remaining 1/2, so will wait a little while.
I thought you were still working. How did you manage 0% cg?
Ha
I'm thinking about investing in the coal sector, maybe Arch Coal Inc. This sector has been beaten down so badly that it seems like the future has to be better. I can't imagine our country not using coal to generate electricity.
Have you considered the beaten down badly natural gas sector? Could have more upside since it is a relatively clean energy source compared to coal.
I have made some investments in Chesapeake Energy, Encana Corp, Halliburton and Lone Pine Resources in 2011/2012 to invest in the natural gas sector. These investments have not done well so far but I'm not giving up hope.
+1I think it is too dicey to buy anything until there is more clarity in what is going on in Washington, DC. However, if there is a big drop in the market in the next few weeks, that will be a buying opportunity.
Patience is a virtue at this time.
Just my 2 cents on buying.
As for selling, since the markets are up almost 20% in 2012, folks should be rebalancing from equities to fixed income if needed.