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You Can Fool Some of the People ...

By Bill Spetrino   |   Friday, 01 Apr 2011 07:50 AM

I don’t think I can take it anymore.

After doing this for almost 20 years and becoming financially independent solely through investing, I am afraid I may need to quit investing in equities.

I just watched a video that said the Dow Jones Industrial Average was going to 3,300. I mean, did you know those pesky baby boomers all have the nerve to turn 65 soon. Who knew? According to this self-proclaimed expert, the baby boomers will all need to sell their stocks because they are going to need retirement income.

Who is going to buy all these stocks. Guys like Warren Buffett and John Paulson, who manage about a quarter of a trillion between the 2 of them, wouldn’t be interested, would they? So those of us who have decided to buy large multinational companies that pay good dividends that grow annually will sell stocks so they can buy fixed-income bonds right?

Editor’s Note:
Warren Buffett's Obscure Strategy to ‘Retirement Prosperity’ — Click Here
 
Or maybe instead we all should sell our Dividend Machine stocks, many of which have appreciated more than 30 percent in the past 12 months to 18 months and provide great cash flow and instead buy commodities like oil and precious metals, many which are at multi-year highs.

I mean buying high and selling higher is the best way to achieve financial freedom. I just watched many CNBC analysts, including the most famous, Jim Cramer, tell me that buy and hold is now dead.

I just wish I would have known all this 11 years ago when the S&P was higher than it is now and I only made 1,100 percent counting reinvested dividends on my favorite stock, which I find out now I apparently shouldn’t have bought and held, despite such an exceptional return. Too bad I didn’t watch Cramer.

Of course, many say the 56 percent I made last year was only because of the quantitative easy money policies of Ben Bernanke and my money doesn’t buy me as much as it did when the year started.

Do you believe that I had the nerve to think I was actually doing pretty nicely and my thousands of worldwide subscribers who followed my 92 percent winning selections were actually pleased?

With the uncertainty in the Middle East, inflation, high unemployment and the constant barrage of bad news — I think I am going to hide under my blankets and ponder my next move.

I just looked at my calendar and guess what today’s date is?

Gotcha. Happy April Fool’s Day. No worries, I’ll be back next week.

Please e-mail us at dividendfeedback@newsmax.com with your comments.
 
About the Author: Bill Spetrino
Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the Dividend Machine. Discover more by Clicking Here Now.

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I don t think I can take it anymore. After doing this for almost 20 years and becoming financially independent solely through investing, I am afraid I may need to quit investing in equities. I just watched a video that said the Dow Jones Industrial Average was going to...
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