The Portfolio for “Dummies” is about as rare in the investing world as the Talbot Lago is in a classic car collection. Back on March 7, 2008 I laid out a Portfolio for “Dummies.” Check it out again as that index oriented portfolio still stands as a recommended portfolio for the passive investor who is dumfounded by all the investment options. Eliminate commodities if you really want to make it simple.
Photograph: Interior of Talbot Lago
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It appears as if the stock market is going to test the November lows, and possibly plow right through them. With lower lows expected, I reset a number of limit order with some of them 20% below the current price. In addition, I am making sure investments of interest will provide a dividend. While I have picked up a few high yielding individual stocks, I am more inclined to go with high yield ETFs for the added protection.
Four ETFs to consider are TIP, AGG, BND, and IDV. Do your own research on each of these income oriented investments.
Lowell Herr
Photograph: Reagan presidential plane located at the Reagan Library.
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