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Thursday, October 16, 2008

Where's the bottom?

Back in July, I posted CASH is KING where the 401k plan I managed for my wife and her family were at 43.16% cash.

As of yesterday, the account sits at 31.29%



The strategy was to buy every time the market (DOW) tanks 200+ points.



Do you see how dangerous it is to catch a falling knife? I have only used up 12% of the cash reserve; however, some of the purchases are down 20%+