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No. That’s not a misprint. Its what our wives call our annual ritual of jumping into Lake George on New Year’s Day. You’ve seen it on local television- its known as the Polar Bear Plunge. Be aware that neither woman have ever actually done the deed but belittle our efforts at what we call “rejuvenation”. (Pictures will be posted shortly) For those with squemish stomachs turn away as we are shirtless.
2010 starts with the market at some loftly levels as compared to March 2009.
2010 starts with some familiar levels as compared to a decade agao.
The market has undergone a certain revival over the last quarter of 2009 and much of that was due to a dramatic rebound in the riskier elements of both the stock and bonds. The more conservative areas bounced back but lagged those dicier sectors. We believe that boring will be back in vogue in 2010. So dust off the scrabble game and throw some money at the tamer areas of the stock market ( we will address our bond philisophy later this week).
Look for dividends - (FNFG 4.0%, HON 3.1%, JNJ 3.0% and INTC 3.1%) and solid balance sheets that did little in 2008. Look for economically resistant stocks that can thrive in a good market and survive in a bad one. Names like McDonald’s, JP Morgan, Diageo and Pepsi come to mind. Don’t be caught up in the rhetoric that is the day to day trader.
Always remember that these are just ideas and need to fit into a broader investment game plan designed with your investment advisor.