Tuesday, August 15, 9:23 am EST. I have been sitting easy all year long. Stocks have been up, they started to get volatile, and they’ve been in recovery, and on to new highs again. Precious metals started the year upward, but have been going up and down, sideways pretty much since, and are getting hammered just today, as stocks are launching again.
None of this has hardly affected me at all, and yet, you read how that I have been growing our portfolio dividend income at an incredible pace. What is it that I am doing?
I’m prepared for about any scenario right now. It works just like this. I have stocks. 57% of our investable assets are in stocks, but that includes whatever gold and silver mining stocks we hold, too. But, we’ve actual physical metals amounting to another 13% of our holdings. Finally, we are 30% in cash, as we have been letting dividends accrue, and adding as much monthly, over our emergency fund balance requires, to our money funds. We’re very close to new all-time high total account value, but that is relatively immaterial to us, as we are so very much about the growth of our portfolio dividend income, and we are making that to grow rapidly.
Here’s my point: I was not trying to strike some kind of a balance, or become market neutral, but in the midst of all the hoopla this year, between stocks and risk, and the metals and risk-off… each day the stocks have been declining, the metals were rising, and whenever the stocks were coming back, the metals were selling off… and the difference in the total value of our accounts together has remained virtually unchanged! I seem to have attained unto a virtual market neutrality with our current asset allocation.
What I am wanting to accomplish in the remainder of this year, however, is to deploy much of our cash into one asset, or the other, as either one, or perhaps both, should give us a lo-risk opportunity to accumulate more of that asset class. I buy stock for long-term investment purposes. I’ve been trading the precious metals miners for appreciation, when there might be a real good economic/financial reason to do so… because this entire world economic system has been so corrupted, and near to breaking, due to the manipulations of the central banks of the worlds’ nations, that when the cows come home, and the chickens come to roost… it’s going to get very bad, and the metals are our insurance, and will be our financial deliverance in that day.
I would tell anyone… buy safe-dividend growing stocks of the very kind I write about here. Buy, also, some precious metals, as your hedge, your insurance, your safety blanket, but also keep accruing cash, and keep building up your balance, so as to take action, and put some to work, whenever opportunity shows itself. It’s been quiet since I called for buying in the metals and in the stocks last month. But, you can take this to the bank, before this year is out, we will almost certainly again, have another opportunity to become buyers, of one, or the other, so as to bolster our own balance sheet. This is no time to be a buyer of either right now, so sit tight, be patient, and wait. It will come. It always does! I know that I am blessed.