Don Cassidy
Don Cassidy
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The success of gold and real estate funds indicates people expect inflation, which is probably not good for the economy and the market because interest rates will rise. And the fact that three-quarters of recent new money has been flowing into world funds, rather than domestic funds, is not a vote of confidence for the U.S. stock market.
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People understand real estate because they either own it or live in it. You ride by those apartment building or those office buildings with a plaque from your REIT and say, 'I own those.' It's kind of like owning McDonald's.
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Do what you have to do to figure it out. You're never going to be perfect at this, but nobody is going to care about your money as much as you. The good news is, once you start winning the battle, it gets to be fun. It's like watching your favorite team win.
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They always say pay yourself first, whether in mutual funds or in the bank, because if you pay yourself last, guess what? At the end of the month there's nothing left. Find some kind of investment you can live with so you can allow yourself to do it. Whether you believe Social Security will be there for you or not, it's still not going to be enough. And more is a much easier problem to have.
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Five or six months of good markets give people increasing comfort and courage.
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There wasn't really anywhere to go this quarter. And there's still a lot of caution out there.
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This bull market is now entering its fourth year, and it is getting tired. The old leaders of this market -- energy and housing -- seem to be running out of gas.
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This probably isn't the time to go heavily into leveraged funds.
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If the market is going to go up next year, it's going to take some rotation of leadership. You can't have the same thing lead forever, people get tired of doing it and whatever it is, it gets overpriced. We see a rotation into tech names, just because it's been a laggard. The other things we see developing is that large will probably outrun small, and we think growth will begin to beat value.
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If you're saying, 'I think this year China, or Japan, is the winning place,' well, you have to agonize over that decision more if you're choosing among mutual funds.
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In 2005, investors began to pay attention to gradual improvement in the Japanese economy aided by some long overdue government-driven reforms.
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It's my opinion he will get a green card. I'd be very shocked if he didn't.
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It's a tough area to get information on. Even if you call your broker, it's not likely the thing they're best informed on.
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It's very important to realize that while current gratification and comfort are a lot of fun, nobody is going to take care of you in your older stages of life except you. You've got to be your own angel.