I was out of town and sick this weekend, but gave the current investing environment (especially yours) considerable thought. Here's a quick rundown on part of what I've come up with. Note that the plan from here on must be guided by you and not me, although I would like to toss out some ideas for your consideration. But first ....
I'm glad you dumped one advisor and maybe a little disappointed that you were convinced to keep another, but that's fine. We need to move on.
I think we need to get moving quickly, so I'm throwing a Hail Mary pass to you here. You must let me know which of these thoughts you disagree with, and please add your own and let me know what they are. This is crucial. It's critical that you don't just follow me blindly. You know all the reasons, right? If not, please ask! One of the most important reasons is that I could be very wrong. Things are moving quickly and often are unforeseen by most investors. Consider that most investors have been wrong for the last 12 months and losing tremendous wealth. Realize that you and I are no smarter than most of them so we could make bad errors right now. Our goal will be to minimize mistakes, not make a fortune. You must agree with this right now or we need to take a step back and quickly regroup. (It is quite alright if you disagree and it certainly beats moving forward with untold reservations on your part.)
Keep in mind that in any or all views I may be wrong. Always think for yourself. Disagree where you need to!
Some Facts (My interpretation of) For Your Consideration:
Plan Influences & Opinions
My views are fluid, quickly & ever evolving.
Where appropriate, all phrases below should be considered to be preceded by, "Without major intervention ,,,,,"
Current Considerations for Martha's Investing Plan
Points of disagreement and your thoughts considering above points. Note that even "FACTS" are MY INTERPRETATION OF FACTS. As always, assume nothing.
Depending on your thoughts and the number of disagreements on the points above, I have a particular comprehensive strategy in mind for your consideration. I think you'll like it, but we need to discuss your opinions on the points listed above first.
Martha: Is this too fast? Are we on the right track to get you where you want to go? Are you serious about this? Are you confident about this? Do you have time for this right now? Do you disagree with anything major so far?
After all this time, Martha, ...... hang on, we're getting closer to develop Martha's Investing Plan. Now .... Talk to me.
ps: It occurs to me that this discussion could be of interest to others. If I keep your identity guarded, would you mind if we share part of our discussions at The Motley Fool? Feel free to say no and as always, I will understand completely. Either way, this plan will remain 100% custom-made for you and created 100% for you. Your investing plan must always come first.