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Old 11-28-2007, 10:44 AM
tippy tippy is offline
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Join Date: Jun 2005
Posts: 272
Default Re: Ben Stein: XLF - Financial SPDR


I'd probably go for the financials. You got 7500 to invest. Break it into three chunks and average it in. Put 2500 in now since the market has "corrected" 10%. If it truly is a correction, then the 2500 will show a profit when the market resumes its uptrend. If it isn't a correction, but rather the first leg of a downtrend, then you can pick two more points on the way down to put in your other two 2500 chunks. You should be able to get a pretty good entry point as your basis for the next 40 years.

I'd stay away from the emerging markets right now. They have run up. If the dollar turns stronger, these investments aren't going to look real good comparative to the US assets.
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