Thanks Greg. I heeded your warnings this past week on NLY. I realized it wasn't for me, and given that interest rates are being held down artifically by the fed, I felt like it is time to get out before the stampede. For 3 years now, it baffles me that people are continuing to get cheaper and cheaper loans...it makes no sense so I'm out.
As for paper Christmas cards, you're impression is totally right. E-cards are getting popular, and there's an equally popular counter-movement going on. High-end paper stationery is booming. Check out minted.com (shameless plug, ran by a friend), whose business is doing very well catering to those that appreciate the sentiment of receiving something physical.
I got my IRA disbursement January 1st, putting me at 80% invested and 20% cash. Logic says to me that impending (imminent) rate hikes will damage the market, but I don't know if this is a 2013 issue or longer term. I am 80% confident the market will rise for a while, so being 80% in feels okay. I'm not out to time the market...but I do think there's a big trough coming when reality resets again.
Greg, what are your thoughts on being invested in general in 2013?
Thanks!
