Mike Larson - Safe Money Report – Thu 11 Oct, 2018

The Market Conditions Have Changed

Mike Larson, Editor of The Safe money Report follows up on what we have been talking about over the past couple months. That is a shift to a more defensive investing strategy. With markets getting hit the areas of consumer staples and utilities are holding up well.

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  1. On October 11, 2018 at 9:35 am,
    Matthew says:

    Yes, market conditions have changed and the miners look fantastic when compared to the Dow or S&P.
    GDX priced in SPY:

  2. On October 11, 2018 at 10:45 am,
    Charles says:

    Missed my opportunity to average down in Brixton as it got away from me too fast and I don’t want to chase it. Bought some AXU instead.

    • On October 11, 2018 at 10:53 am,
      Matthew says:

      I should have been more aggressive myself — picked up a whopping 1500 shares at .16 this morning.
      On the bright side, my Jag position is now 3.5 times what it was on the day it plunged in August.

      • On October 11, 2018 at 9:42 pm,
        Excelsior says:

        I’m stocked up on BBB, AXU, and JAG, and the action today in the miners was refreshing. Here’s to more days like this – Cheers!

  3. On October 11, 2018 at 11:41 am,
    Charles says:

    Nice. What is Jag doing today? My guess is it is having a good day like many others.

    • On October 11, 2018 at 12:02 pm,
      Matthew says:

      Jag is having a good day and appears to be working on a big double bottom:

      • On October 11, 2018 at 10:38 pm,
        Excelsior says:

        Agreed. $JAG 0.21 +0.025 +13.5%

  4. On October 11, 2018 at 12:29 pm,
    Charles says:

    Looks good. Thinking about selling a bit of Impact and taking a small position.

    • On October 11, 2018 at 12:54 pm,
      Matthew says:

      That strategy helped my portfolio to a 7x gain in 2016. I also employed it following Impact’s 12/17—4/18 double.

  5. On October 11, 2018 at 1:08 pm,
    Charles says:

    I know. I learned that trick from you and Ex.! I have used it a few times with great results. Thanks for sharing a few of your strategies.

    • On October 11, 2018 at 1:13 pm,
      Matthew says:

      You’re welcome. I’m glad it has worked for you.
      If nothing else, selling what hot to buy what’s not, can help to flatten portfolio volatility — and therefore, stress.

      • On October 11, 2018 at 10:45 pm,
        Excelsior says:

        Good discussion guys. I’ve also been busy reshuffling the deck and trimming down a few winners and rotating into a few slow bloomers. It has flattened some of the volatility as you mentioned.

  6. On October 11, 2018 at 1:15 pm,
    Steven Rowlandson says:

    A couple off days does not mean the problem of greed, excess and malinvestment has been purged. I think things are just getting started. The essential truth is that if those that do the work are priced out of the country and their lives put on hold then there is something wrong with the cost of living. When any man jack with job can live and support a family on one income then things will really have bottomed out and things can move forward on the basis of work and sound fiscal management.

  7. On October 11, 2018 at 2:13 pm,
    Bonzo Barzini says:

    I hope I remember to sell my gold stocks when gold goes higher than the DJIA. That worked out well in 1980.

  8. On October 11, 2018 at 5:06 pm,
    Markedtofuture says: