Permanent Portfolio Forum
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I don`t say all stocks are cheap, but somePointedstick wrote: Stocks still seem cheap? Perhaps I'm still looking from a short-term perspective, but it looks to me like stocks are at an all-time high, while bonds and gold have pulled back and are a much better buy today than they were recently.
. Thats the problem with index investors, for you stocks are one singular blob. Look for example what MCD has done in 2008, it gained 8%.Which individual stocks look cheap to you right now? MCD is near its all-time nigh... That doesn't mean it's a bad buy but it certainly doesn't look like anything I'd call cheap.frommi wrote: I don`t say all stocks are cheap, but some
That doesn`t anything about the intrinsic value of MCD. Based on the cashflow MCD is around 10-20% undervalued currently. AAPL,MSFT, ORCL, XOM, CVX, BP, IBM, WMT, JPM all look undervalued currently. But don`t count on my wordsÂPointedstick wrote: Which individual stocks look cheap to you right now? MCD is near its all-time nigh... That doesn't mean it's a bad buy but it certainly doesn't look like anything I'd call cheap.
.That's a little extreme don't you think? There are certainly alternatives along the spectrum on 0% cash and 100% cash to dampen volatility when paired with the PP. I now consider the cash portion of the PP + an additional amount held in a savings account as my emergency fund. Remaining assets in taxable are invested in the other PP assets. It works out to approximately 65% (SPY, GLD, TLT) and 35% Cash. It's still a little more volatile than I would like.craigr wrote: If volatility is a big concern, then an investor should consider being 100% in cash. They will suffer inflation risk, but the reported value of the asset won't be volatile.