My Word #4

My Word for Today!                         Tuesday, February 03, 2009

I believe the time is right to start accumulating shares of stock.  Although there will be more sell-offs, I expect the long-term trend from here is up.  Inflation will be the name of the game.  Instead of holding US Dollars as cash in my Scottrade IRA Account I’ll hold shares of Gold Trust Fund (GLD) denominated in US Dollars as a de facto gold standard.
My portfolio today consists of these four stocks:

I will be selling these stocks when they are at the top of their Price Channel of their Price Channel and put the proceeds in GLD until I can buy something at the bottom of its Price Channel.  I’ll repeat this approach and see how successful I am in growing the account during the coming weeks and months.
Periodically I will report the status of this account here in this way so you can see my progress.
God bless,

K

Ps: After reading this,  please send me an email at kburk7@comcast.net with your comment.  Thanks!