I'm missing my GLD (Gold) and SLV (Silver) hedges against inflation. I did some digging and found that big caps are good and I've been buying those lateley, but I also learned that utilities are good since they also just raise prices with inflation. So I made a 1.9% of my account purchase in EIX (Edison) at 53.09. I almost made it a 4% purchase, but I'm going to split it into two purchases so you'll probably see another buy next week.
My account did a nice uptick yesterday thanks to DRIV, SNE and ATVI. I don't expect it to hold, but it is nice to see positive days.
Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts
Friday, May 2, 2008
EIX (Edison) purchase
Wednesday, March 26, 2008
IBM purchase
I've been very concerned about inflation for the past year and one of the big reasons I was holding GLD and SLV until they spiked like crazy. I read that another hedge against inflation is big chip companies and since they have not moved in years I've been holding GE (5%) for the past year and it has done fairly well for me.
Today I bought IBM at 115.51 (6% of my account).
Today I bought IBM at 115.51 (6% of my account).
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