Have you heard the hysteria? “The market’s back! At all time highs! Buy and hold WORKS!” But you’re smarter than that. You remember the ups and downs (see charts 1 & 2). Factoring inflation, the S&P isn’t at an all time high. The NASDAQ isn’t anywhere close to its high reached 13 years ago. IfContinue reading “NO: Buy & Hold…YES: Buy & Hedge”
Author Archives: John Pugliano
Advice
Be cautious where you seek advice. Expertise is not transferable. If you have cancer you don’t go to a cardiologist. Seems like a simple concept but smart people frequently seek counsel from unworthy sources. Consider JCPenney appointing Ron Johnson as CEO. Johnson is brilliant. Johnson is so cool. He was the VP of Merchandising forContinue reading “Advice”
Can you time the stock market?
QUESTION: What do you call an “expert” that claims to know where the market is headed? ANSWER: A liar. Don’t trust anyone that claims to know what’s going to happen in the future. The world is too complex. The stock market, the weather, the mood of your spouse…there’s no telling. Recall back to September 10,Continue reading “Can you time the stock market?”
Being right even when you’re wrong…protecting your position with options
At Investable Wealth, LLC we strongly believe in protecting our equity positions with options. A well researched position can fail for many reasons. Stocks with excellent fundamentals and “proper” charts usually fail 30-40% of the time. Add to that the threat of unforeseen news/events, a flash crash or just plain bad luck- no stock isContinue reading “Being right even when you’re wrong…protecting your position with options”