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December 01, 2006My Portfolio...
Michael Mandel
Not that anyone really cares, but this morning I shifted my 401k portfolio more towards international equities and away from domestic equities.
Unfortunately the reallocation doesn't take effect until the close of market today...
03:46 PM
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Comments
Michael,
But you are buying when the dollar is weak. You are getting fewer international equities for your buck at this point.
If you did this a year ago, you might have gotten a 30-50% return in the last 12 months. Hindsight is 20/20, of course.
But isn't it possible that the dollar may rise, pressuring your new International Equities?
Posted by: Kartik at December 1, 2006 05:17 PM
with you on that Kartik. Anyone that had any interest going international would have done so at least a year ago.
Indirectly Mr. Mandel is telling us he wants to get out of US stocks due to possible recession, but doesn't believe in shifting his portfolio to intermediate bonds because he believes the yields are too low.
Someone really big out there sure is gambling that the US may have deflation, but none of our press talks about it.
Posted by: dan at December 3, 2006 09:58 PM
Kartik,
I'm effectively hedging against the possibility that the dollar may drop lower. Or, in economic terms, I'm hedging against the possibility that productivity gains may turn out to be overstated.
Posted by: Mike Mandel at December 4, 2006 08:50 AM
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