Posted on 08/18/2010 8:33:28 PM PDT by The Magical Mischief Tour
Billionaire trader and political manipulator,George Soros, is clearly not optimistic. The latest SEC filings are out on the Soros hedge fund, Soros Fund Management.
Between the end of March and the end of June, Soros lowered his stock investments from $8.8 billion to $5.1 billion in the fund, Soros Fund Management.
He sold most of his positions (over 95%) in Wal-Mart, J.P. Morgan Chase and Pfizer.
His biggest positionb at the end of June was in the gold ETF which accounted for 13% of his equity portfolio at $638 million. Among the stocks that Soros added to the funds portfolio were Akamai Technologies, Salesforce.com, Netflix, and Chipotle Mexican Grill.
I bailed a year when this fool took power.
I bailed the year when this fool took power.
nope...I am a real estate agent with a very healthy interest in economic cycles...I suggest Harry S Dent’s books for an excellent explanation of how these things work on a macro level...
We got out in March and still think it was right thing to do. But most in market will lose big time if they get cause they are not 59 1/2 or in market throught there work.
What’s your tax penalty for cashing in that 401K? I’d think real hard before cashing mine in.
My personally, I was told two years ago by my father that liquid was the way to go.
Trying not to make a knee jerk reaction here to the Soros news, but am thinking seriously about selling my stocks.
ducks, this is why I will never participate in a 401k or IRA unless there is a very healthy match by my employer. I will not allow myself to be chained to the stock market bus by the 59-1/2 rule as it crashes into the side of Mount Depression...
your father was right and your window is closing...seriously consider his advice...
If you're not old enough, you'll be killed by early withdrawal penalties. What you can do is roll it over into an IRA. Very simple procedure (contact Fidelity or Vanguard), and you'll have far more investments options with an IRA than you probably did with your 401(k).
Did Soros get the unemployment numbers before today’s open??
Here is a major part of Soros’ strategy:
A.Load up on stock in oil companies that operate outside the US.
B. Short (or avoid) oil companies dependent on US exploration and production.
C. Support environmental groups focused on shutting down US production and exploration.
He’s made millions this way.
Maybe I don’t hope you’re right :-)
Dent says Depression: http://ezinearticles.com/?The-Great-Depression-Ahead-by-Harry-S-Dent-—A-Book-Review&id=3845575
Hyperinflation or Depression.
Execution by firing squad or the hangman.
Either way the USA and the world is screwed, blued and tatooed for at least a generation.
I wonder if this is coordinated with some big blowout, like maybe he knows an attack on Iran is coming. Great time to collapse the world economy, if you want to destroy the entire western world.
Which he’s already said (and shown) he does.
we survived the last depression ok...I would even argue that it produced a very fine generation of people. There will indeed be some temporary (10-12 years) pain, but in the long view, we will have shaken off a lot of dead weight. (inefficient businesses, bad debts, etc)
Excellent advise. We had an IRA with Vanguard a few years ago and they were so restrictive re trades and what we could buy, we closed it out and rolled it over to Fidelity with our other IRAS.
Fidelity is easy to deal with, and you can basically buy anything.
“If you’re not old enough, you’ll be killed by early withdrawal penalties. What you can do is roll it over into an IRA. Very simple procedure (contact Fidelity or Vanguard), and you’ll have far more investments options with an IRA than you probably did with your 401(k).”
Food.....AMMO......Guns
The new currency
I agree with you. If anything, he will stand before God at the Great White Throne judgement and be forced to give an account of his miserable life & greed, before he is cast into the Lake of Fire along with all unbelievers.
...as he laughingly pulls his dirty butt-stink jenga block from the bottom of the tower.
Wasn’t that worm responsible for the Black Friday in Britain?
ping
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