Weekend Edition: Are you confused about what to do next?

Total Wealth Staff Mar 21, 2020
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Editor’s Note: With the coronavirus situation leaving several to work from home, the Internet’s been a little jammed up… and even Chief Investment Strategist Keith Fitz-Gerald can’t avoid the woes of 21st century telecommuting. We apologize for the glitched video feed in the middle of your Total Wealth, Weekend Edition.

I’m hearing from a number of people who are “changing” their thinking to deal with the ongoing coronavirus situation, especially when it comes to their money.

They’re trying to “buy the dip” which is great but very, very dangerous if you do that blindly or for the wrong reasons. Many have tried in recent weeks only to be nursing very expensive losses just days later.

My advice is different.

 

Here’s what I said last week.

4 Responses to Weekend Edition: Are you confused about what to do next?

  1. MIKE . D. says:

    Kieth. I value your opinion and I follow Money Map and High velocity stock plays. You insight is solid but I find the volume as in number of stocks you like not up to wish for volume in a time like now. I follow the stocks and recommendations on the VQ score metric but I don’t have a feel for its comprehensive nature and it’s moment to moment accuracy . I’m looking to find some stocks to go with as I have set aside some dry powder on the way down to this abyss we are seemingly heading toward . Kieth how can I get good and great volumes of stock advice …I’m putting in many hours but don’t trust the places I’m looking at. I believe I found some great stocks but where or whom can I bounce the choices off of……I use Raymond James but I have only moderate faith in them ….I usually coach my broker to invest where I choose …with her blessing …it worked but I think I could always give better advice and in return get better back.
    Thanks MIKE . D.

    • Keith says:

      Hello Mike and thanks for asking. Those are ALL great questions.

      I will do my part right here in Total Wealth, in the Money Map Report and in High Velocity. The VQ Score (which I created) is also a great starting point. However, I hear what you’re asking… let me do some thinking on that. I’m toying with an overhaul of my research to make it more immediately accessible.

      And, incidentally, sounds like you have a smart broker – !

      Best regards and thanks for being part of the Total Wealth Family, Keith 🙂

  2. Kevin Wilkenloh says:

    Hi

    I happened to have sold about 10% of my stocks to move into a dividend reinvestment stock mix. I am a small investor so this is about 8K. I am waiting for the bottom. I am wondering is the stable dividend stocks are the right bottom stocks to buy or the more risky ones that may spike up a lot more.

    I seem to live a non standard life. Wed I will be starting a new job as thousands will have the first week of unemployment. While unemployed my wife was recovering from a virus that may well have been the CoVID-19 virus. She is very high risk (71 years old with Asthma) and was in the hospital about 3 weeks ago. They had no information and no one had a test kit for the virus at that time. All the symtoms say yes including lung damage. We might never know if she had it or not. As an investor I am not worried about selling everything. I do enjoy your upbeat messages.

    Have Fun
    I know you cannot read all your mail.

    • Keith says:

      HI Kevin and thanks for taking the time to write!

      Roger than on the CoVID-19… we’re actually wondering about something similar in our house having returned from Asia late Fall and had some sort of viral lung infection.

      You’re not alone in wondering about making a run for the hills. I’d think about whether you need the money immediately or can wait for another 10 to 15 years as a starting point. Conventional portfolio models dramatically underestimate the amount of upside we need to avoid outliving our money.

      Research shows dividend stocks tend to fall less, rebound faster and enjoy more stability but that’s all relatively recent data – last 60 years. What’s happening now strikes me as far more severe which means that the appreciation potential could be even STRONGER than most people think. I’m researching this as fast as I can, incidentally.

      Best regards and thanks for being part of the Total Wealth Family, Keith 🙂

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