It takes a combination of research, timing, client and advisor trust as well as balls to make profits in this market environment. But we are doing just that right now.
The portfolios are simple:
Cash
Gold Bullion
Short ETF's
The weightings vary according to client. But thats of little import. What matters is that my clients are making money.
Ultra Short Russell 2000
Purchase Price Of Ultra Short Russell 2000: $94.53
Purchase Date: 6/10/2008
Price as of 9/10/2008: $129.00
Return of 36.46%
Ultra Short Basic Materials
Purchase Price of Ultra Short Basic Materials: $76.20
Price as of 9/10/2008: $90.50
Return of 18.77%
I am tempted to sell but with a major recession looming, I feel that Basic Materials and the mid cap Russell 2000 can continue to be shorted for a while yet...
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