Where we're at:
SandP: 800.03
DJIA: 8046.42
10 yr (^TNX): 3.167
SandP P/E: 12.25
cash: 40%
equity: 30%
bonds: 30%
YTD: -18.30
Musings:
Job:
I'm still waiting to hear whether I'll still have a job in January 2009. TXT-CSNA announced a layoff of 500 people this month. One person in our group volunteered to be let go. I hope to hear something before Thanksgiving. Assuming out project goes live, my job should be safe. A new person starts this week. It still seems ridiculous to hire someone else when others are being let go. My wife's job appears to be safe. Fortunately, we both work in different industries.
Investments:
I keep waking up at 4:00 am thinking about ideas to recover some of our losses. My head says I'm doing the right thing, but the emotions want to run for cover. I have to remember why we bought what we did and the fundamental reasons why we would sell. This week Jubak says we may have been in a secular bear since 2000. That seems correct, IT treasuries have performed better (~5.5%/yr), than VTSMX (~1.2%/yr) over 10 years.
Thoughts:
I set up an alert to tell me when IT treasuries return to their Aug 2008 levels. When they do, I'll switch out of VBMFX and into them. We'll continue making equity purchases only in 401(k) and IRA accounts. Transfer DWS MUNI to V treasury during Dec. Sell off equity to apply to earlier gains. David Swenson was right, treasuries are the place to be in a crisis.
SandP: 800.03
DJIA: 8046.42
10 yr (^TNX): 3.167
SandP P/E: 12.25
cash: 40%
equity: 30%
bonds: 30%
YTD: -18.30
Musings:
Job:
I'm still waiting to hear whether I'll still have a job in January 2009. TXT-CSNA announced a layoff of 500 people this month. One person in our group volunteered to be let go. I hope to hear something before Thanksgiving. Assuming out project goes live, my job should be safe. A new person starts this week. It still seems ridiculous to hire someone else when others are being let go. My wife's job appears to be safe. Fortunately, we both work in different industries.
Investments:
I keep waking up at 4:00 am thinking about ideas to recover some of our losses. My head says I'm doing the right thing, but the emotions want to run for cover. I have to remember why we bought what we did and the fundamental reasons why we would sell. This week Jubak says we may have been in a secular bear since 2000. That seems correct, IT treasuries have performed better (~5.5%/yr), than VTSMX (~1.2%/yr) over 10 years.
Thoughts:
I set up an alert to tell me when IT treasuries return to their Aug 2008 levels. When they do, I'll switch out of VBMFX and into them. We'll continue making equity purchases only in 401(k) and IRA accounts. Transfer DWS MUNI to V treasury during Dec. Sell off equity to apply to earlier gains. David Swenson was right, treasuries are the place to be in a crisis.
No comments:
Post a Comment