Since the beginning of 2009, I have been selling into the rally and hesitant to buy stocks. I did plan to make purchases during a pull back, but it seems the recent window of opportunity passed quickly as the Dow rebounded and advanced past 9000.
At this point, I am beginning to believe that the stock market has bottomed and will be higher at the end of 2009 than today. Here are my reason for being more positive:
For now, I am still not ready to go "all in" into the stock market and prefer a "dip the toe" approach. Initially, I will buy calls on some stocks that I think may advance sharply with earnings reports. Also, I plan to buy ETFs for Brazil, Thailand and emerging markets. Finally, I will be updating my stock buy list, using my modified Unemotional Investor Growth system, to help identify potential stock purchases when I'm ready to make them.
Disclosure: At time of publication, we own the iShares MSCI Brazil Index (EWZ).
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This is not financial advice. Please consult a professional advisor.
Copyright © 2009 Achievement Catalyst, LLC
September Income – $4560.09
2 days ago
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