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November 22, 2004
Portfolio Update
I have to admit I haven't been paying attention to my stocks since the election. On election day when all the Neo-cons were going nuts and dumping stock I poured in all my reserves and bought in heavily. I knew a Democratic victory would ensure America's economic standing in the world for many generations to come. But that's not what happened. So now I'm holding a hand grenade. There was a massive rise in the market as the Neo-cons rushed back in and drove up my stock value. But now it's hard to decide when to jump off this sinking ship. Republicans always head the country towards recession and unemployment, it's the cornerstone of their political platform. So I have to get out sometime, and probably the sooner the better. The efforts to devalue the dollar to undermine our economy going forward seems to be the first step in their plans to destroy America. But they are also purposely driving up inflation internally so that you can just have your dollars sitting on the sideline and you can avoid their efforts to destroy stored economic value. It's a complicated mess, I'll think of something and work on a solution. I'm always open to suggestions.
This Weeks Actual Percentage: +3.143%
Last Weeks Actual Percentage: +3.784%
Best weekly percentage: +3.784%
Personal Rate of Return according to Fidelity for This Week: 6.5%
Personal Rate of Return according to Fidelity Last Week: 7.2%
Current Asset Allocation:
55.56% Stock
44.12% Bond
00.32% Savings
Posted by ManDrake at November 22, 2004 11:46 AM
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Comments
Yes, that's it: vote for me, my platform is recession and unemployment. Get a grip.
Posted by: MoneyMan at November 22, 2004 12:08 PM
Well if it isn't your platform, it's what happens every time you guys get in charge. It's some scary stuff, the last time you guys had this much control of the government we suffered the Great Depression. It's made even more troubling because you guys think you can't be wrong, so it's not like you could have learned from your mistakes and changed the way you do things. Too bad my 401k doesn't allow me to invest in the Euro or something more stable than the stock market.
Posted by: ManDrake at November 22, 2004 12:48 PM