What the hell should I do now?

Quote from flier6:

Hey all,

I need some advice. I've just sold my house in Orange County and am wondering what to do with the cash. I have about $300,000 from the house and $200,000 in my 401k. Right now I have the entire $500,000 in the money market because I'm bearish on the mkt.

I've also been reading a lot of Peter Schiff's writings and am starting to become very bearish on the dollar. I'm an airline pilot for a bankrupt carrier and have been HAMMERED from every direction as far as my net worth.

I feel a bit foolish getting on here and whining about "only" having a 1/2 million. I know I'm very lucky to have even that. But I also know that it isn't enough to retire on. I'm still only 45 so I have time to save more and let this money grow, but I don't feel like the mkt is going anywhere anytime soon.

I thought I'd seek help here because I know there are some DAMN smart people on this board. If you have time, I'd like your thoughts on the following:

1. There is no doubt in my mind that the real estate market is about to absolutely MELT DOWN here in Orange County (probably elsewhere too). In fact, it's already started. But is it logical to be bearish on the stock mkt right now as well? Should I just dump all the $ in the S&P, max out my 401k each year and stop worrying about it?

2. Is it logical to be concerned about the dollar resuming its 4 year plunge? If so, what should I do about it?

3. I like Peter Schiff's strategy at EuroPacific.net (foreign stocks, mostly utilities and materials companies) but they charge 3% to tell you where to put your money. I thought about giving them maybe $50,000 to manage and then managing the rest of my $ myself in accordance with their strategies. 3% seems outrageous to me for a stock brokerage.

Anyway, I think you can see my "conundrum." I feel like a dumbass for not knowing more about this stuff by now but over the years, the guys I knew that seemed to do the best were the ones who kept it simple and just rode the S&P up so I didn't get anymore "sophisticated" than that.

Thanks a lot for any insight you can offer.
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In my opinion either go with a few solid hedge funds that are conservative or buy a multi unit building. One fund that comes to mind is Ansbacher Investment Management. http://www.ansbacherusa.com/D-Doc.html As the market slows down and rates go higher income properties rise in value because people are forced to rent. You have the possibility of equity growth and will always have the income to pay bills with. Just a opinion!
 
Buy T Bills on a dip. If it does not go up, you just sit on it to maturity and collect interest. If it goes up, take a profit( if bigger then interest ) and wait for another dip. You absolutely must protect this money. Play it safe !
 
Flier6,

Do yourself a favor and put all of it into a CD and or Treasury Bills. $500,000 @ 5%
is still $25,000. Granted that you want to earn more with your money but, with a higher return----there is a higher amount of risk!!! In a survey on Elitetrader, 31% of traders lost money!!!
If trading or investing was easy, a lot of people would be rich by now!!!
If you are still so inclined to take the leap----study, study and study!!! Read all the good books recommended on this site and I mean really read it cover to cover!!!
Paper trade and see if you really can do it
and good luck!!!
 
check in with the staff at IBD and get the name of one of WJO's protogeges in Irvine. He is a principal of a boutique brokerage. He handles accounts larger than yours usually but ha may make an exception.

The average ROI on his arrangement with what he calls "aggressive" investors is 60% a year. You will be expected to attend his "training" seminars and to follow his radio broadcasts to be informed relative to the guidance or actual decision making he will be doing for/with you. He also will want you to be keeping in touch with his other clients.

There are many such operations available to you in CA and I am just giving you an example whose operations I am familiar with.
 
That is only 80 points away really. Getting to 11,000 is not really a big deal. Hitting it and staying above it and moving higher 25%...now that is a big deal.

Quote from jonnyy40:

dow looks very bouyant at the moment and I think it's going to 11000 again (probably tomorrow).
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I'm just saying that the dow's had stength relative to ES over the last 2 days and it wants up.If H introduced ME to that broker I wouldn't be doing this.
 
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