THE CASTLEMOORE “CLASS” PORTFOLIO
What does CastleMoore think its typical Canadian investors should be invested in NOW?
Class Investor - Moderate Risk
Current Portfolio: Cash - 95%, Gold Bullion - 5%
Aren’t bulls supposed to react to the color red? Well, there’s never been more red in the markets than anytime in recent memory: yet nary a bull in sight. We, on the other hand, are warming up in the bullpen but aren’t quite ready to get in the game just yet. Legendary New York Yankee catcher, Yogi Berra, is credited with saying, “It ain’t over ‘til it’s over.” That’s how CastleMoore feels about October’s sharp stock market decline.
We notice an incredible desire by ordinary investors to “call the bottom”, to try to buy their favourite stock at these bargain prices. We take that desire as an indication that “it ain’t over”, yet.
The online version of Forbes magazine recently published an article questioning the rationale of the buy-and-sell approach in the modern investment era. It is quite similar to what we would have written ourselves. The article can be viewed at:
Read Sheldon Liberman’s latest blog entry at http://www.sheldonliberman.blogspot.com/
Read Hap Sneddon’s latest blog entry at: http://hapsneddon.blogspot.com/
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Castlemoore now has a group on Facebook, appropriately named “Castlemoore.” Members have access to certain Castlemoore insight not available elsewhere.
If you live in the Toronto area and would be interested in attending an upcoming Castlemoore investment seminar, send an email to info@castlemoore.com. If you live outside of the Toronto area and would be interested in participating in a Castlemoore online webinar, we’d like to here from you too.
If you like to receive bi-monthly newsletter, know more about our model portfolios or access an audio file of our investment philosophy, “Modern Financial Fiascos”, click on the link http://www.formdesk.com/castlemoore/register .
CastleMoore Inc. uses a proprietary Risk/Reward Matrix that places clients within one of 12 discretionary portfolios based on risk tolerance, investment objectives, income, net worth and past investing experience. For more information on our discipline and methodology please contact us.