I’m very ritualistic about the new year and make it a point to hit the ground running with winning picks. Truth is, I’ve taken all of my research and put it on the back burner until this fiscal cliff shit is over with. I ended up 11% for 2012, falling flat on my face in December, shedding almost 10% for the month. Had the year ended in November, I’d be a champion today. Instead, I’m a fucktard with an underperforming investment track record.
The gains that I enjoyed from 2006-2010 can no longer be referenced after underperforming the tape for two consecutive years (I was +6% in 2011). I don’t make New Year’s resolutions; I’ll leave that to the fat asses. But 2013 is a do or die year for me, in a variety of ways.
First, I need to establish a very strong pimp hand early, in order to shut people up. That means I need to be right and often, preferably in grandiose fashion. After I make my gains, I need to keep them by utilizing a proprietary asset diversification plan that I concocted many years ago. I have no choice but to implement such a plan, since I can no longer trust my animalistic instincts to preserve wealth any longer.
Following yesterday’s romp in the markets, we are very close to overbought territory, not exactly an ideal time to invest money. However, a lot depends on the retarded deal coming out from Washington, which will most likely take the path of least pain. Meaning: prepare to see the dollar drop, precious metals rise and stocks do well.
I’m so fucking pessimistic right now I’ve chewed myself to the other side to optimistic. If the market wants higher, I’m not going to fight it.
NOTE: Since MAXIMUS had to resign from the interim tabbed blogger position, due to family concerns, Elizamae was appointed interim interim tabbed blogger.If you enjoy the content at iBankCoin, please follow us on Twitter