Wednesday, September 17, 2008

Cashing out for profits

The stock market is in the toilet right now. Stocks are dropping like flies. People are panicking and that's making it even worse. I'm not thinking of selling because of that. I've made some good profits on my stocks and I'm ready to diversify. I'm thinking of buying some gold new dollar coins to round out my portfolio. It's always a good idea to have your money spread around instead of all in one type of asset class. I have stock, bonds, and cash. But no gold or precious metals in general.

I would rather be safe than sorry. Especially with the way the stock market is going now.

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