02-28-2007, 01:42 PM
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Demon Cleaner
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Join Date: Dec 2005
Posts: 9,412
Rewards: 499
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BEARX - Prudent Bear
I know, I hear every CFP and TV analyst say the same thing, "we are in the market for the long term." Brandon Lang could be a host on CNBC or Bloomberg because they all sound the same and are part of the same hustle. Not sure about everyone's situation but I have 35 years until I retire so yesterday's "correction" does not concern me too much. However, I just realized that I have no Plan B or exit strategy in the market. My portfolio is 100% stocks with 30% of it in emerging markets and 1% in oil & energy. In 35 years the market will make money and I will retire and be that old man at the casino smoking a cigar betting on sports. Prudent Bear fund shorts the stock market and bets on the market going down. Their minimum IRA investment is $1,000. A grand isn't even 1% of my portfolio but I would sleep better in the next 35 years knowing that at least a portion of my money is in an exit strategy fund.
Agree or Disagree w/ this move?
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