Sorry for missing a few week’s worth of weekend investment reading, as I was busy going to conferences during the last few weeks. As you know, the stock market continues to churn higher, with many skeptics along the way. The Dow [1] is almost close to 9,000, and a 1,000 S&P seems reachable.
I’ve been scaling out and I continue to scale out. It’s not that I don’t believe in the rally. It’s just that I’m getting ready to buy a house and I don’t need the uncertainty. How about you? What do you think the market will do? Is it poised for another bull run or are we setting ourselves up for a crash?
Articles that May Interest You
- We all know we should diversify [2] our assets [3] into different classes but at what stage do we change the mix [4]? Oblivious Investor answers by jotting down a few ways to he knows of how it’s done.
- I did a review of Ally Bank [5]. What do you think of the new GMAC bank [6]? Worth it for a higher interest?
- Right after I told my wife about the story, I read SVB’s coverage of it – a woman who lost a million dollar mattress [7]!
- Heard of Zecco Zirens [8]?
- Most experts recommend (for a lack of a better number I think) that retirees should withdrawal their retirement at a rate of 4% annually [9]. What do you think about that? Do you agree?
- FNBO Direct CD rates [10] are actually pretty good. Bank Savings Review told a tally in June.
Carnivals
- Money Hacks Carnival [11]
- Carnival of Personal Finance [12]
- OneMint Carnival [13]