Steve Selengut
Professional Investment Portfolio Manager since 1979
BA Business Gettysburg College; MBA Professional Management Pace U.
Author of: "The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read and A Millionaires Secret Investment Strategy
A correction is a beautiful thing simply the flip side of a rally big or small. . But amid all of this uncertainty there is one indisputable fact: there has never been a correction that has not succumbed to the next rally... its more popular flip side.
Wall Street pumps out products and Investment Experts rationalize strategies that cloud the simple rules governing the behavior of what should be an investors retirement blankie. The investment gods have spoken: The market price of Fixed Income Securities shall vary inversely with Interest Rates, both actual and anticipated and it is good.
When is 3 percent better than 6 percent Higher Interest Rates are good for investors, even better than lower rates. Selecting the right securities to take advantage of the interest rate cycle is not particularly difficult, but it does require a change in focus.
You dont have to be a professional Investment Manager to professionally manage your investment portfolio but you do need to have a long term plan and know something about Asset Allocation a portfolio organization tool that is often misunderstood and almost always improperly used within the financial community. Remember your unhappiness is Wall Streets most coveted asset. Dont humor them.
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