Some Sunday ramblings......I am so confident of a good profit in GWM that this weekend I have been planning what I will do with the first profit I take. To hellll with the chicken and hatching business! Unlike some here who, evidently, are planning to ride these shares forever, I plan to take profits along the way beginning once I am playing with the house’s money (unless sp is going up like a rocket at that time), which will happen around .64 cents. I am lucky in that I can’t think of anything I would want or need to spend profits on. But I am eager to beef up my retirement finances and will begin by putting some profits into high dividend players for that retirement account----that is where most of my GWMGF is. I have some high yielders picked out, such as somewhat speculative PBI, but I also like the idea of some high yield ETFs, such as were discussed in MSN Money today:
http://money.msn.com/top-stocks/post.aspx?post=6804c95c-a3d2-4168-a960-46b73ab19609
I do believe that if the news is anything like what most of us expect, we could see some dramatic sp increases, but much less than what some have projected here. If you have not looked at what the major American averages have done over the last 10 years, especially over the last four, you need to take a gander! It is easy to overlook the macro when so focused on individual stocks. Despite all the improving news, I do think the market now is overextended. In fact, some kind of overall market correction might end up being what tempers the GWG/GWMGF sp rise. Discretion, valour, bulls, bears, pigs and all that stuff.
http://money.msn.com/top-stocks/post.aspx?post=08b403b5-0714-4ed2-bbff-f01c50cd6227