Vanderbilt 7 to 3 Half/IMF SAYS ON BRINK OF A MELTDOWN
For those of us who witnessed the last winning season for Vanderbilt in 1982, and the many embarrassments from a game against Bear Bryant's Alabama in the 1960s when I still swear that Bear put in the Alabama band to keep their score under 70 and the game when Watson Brown in the fifth year or so of a four year plan got demolished by SMU in their first year after the expiration of a lengthy NCAA death sentence, playing mostly with non-scholarship players and drunk fraternity brothers, it is conceivable that they will go 6-0 today with a little luck against an offensive challenged Mississippi State team. Vandy did go 5-0 in 1943 but who knows when the first 6-0 start was. (answer: 1928)
The IMF just chimed in saying the world was on the verge of financial meltdown in need of immediate action. MarketWatch Is that news?
You still have unusually high yields on tax free money market funds. The 7 day yield is 5% for the Vanguard fund.
I am no longer in a capital accumulation phase. My key investment objectives are capital preservation and income generation.
I started to buy stocks in the late 1960s.
I have a balanced worldwide portfolio with a considerable allocation to cash. Starting in December 2016, I started to reallocate out of cash and into high quality short and intermediate term bonds and FDIC insured CDs using a ladder strategy.
I have been paring my stock allocation, selling gradually into the robust stock market rally occurring since the U.S. election.
In this blog, I will be discussing only a sample of my recent stock trades. I will be discussing almost all of my bond and CD trades.
I am not a financial advisor but simply an individual investor who has been managing my own money since I was a teenager. In this blog, I am acting solely as a financial journalist focusing on my own investments. The information contained in this blog is not intended to be a complete description or summary of all available data relevant to making an investment decision. Instead, I am merely expressing some of the reasons underlying the purchase or sell of securities. Nothing in this blog is intended to constitute investment or legal advice or a recommendation to buy or to sell. All investors need to perform their own due diligence before making any financial decision which requires at a minimum reading original source material available at the SEC and elsewhere. For purchases of bonds and preferred stocks, the prospectuses need to be reviewed until fully understood by the investor.