RE: TIB: Today I Bought (and Sold) - An Investors Journal #221 - Oil Producers, Oil Pipelines, Europe, US Dollar, Bitcoin

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TIB: Today I Bought (and Sold) - An Investors Journal #221 - Oil Producers, Oil Pipelines, Europe, US Dollar, Bitcoin

in investing •  7 years ago 

Great article again - a timely reminder to offload some of my IEU also. I sometimes need to remind myself of the rules that I set when purchasing stocks - which is to pay myself back when the opportunity presents itself.

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One of my lawyers taught me that rule - Use OPM - Other People's Money. He was a master at it - that is why I fired him.

The challenge with Europe is that the economies are still growing which means that there could still be upside. The European index is dominated by banks and financials and manufacturing. When interest rates rise, banks will do better. If the US Dollar story is right Europe manufacturing will benefit from a weakening Euro. I would be holding back some to grab that advantage. This is what I am doing in my overall portfolios.