Wednesday, August 3, 2016

Sell Your Stocks!!!

I'm sure you might be surprised to see that statement coming from me. I mean I'm THE LONG HAUL INVESTOR.  I don't sell my awesome companies cause some guy I don't know said so.  But if you watched any television or news this week quite a few "smart people" think you should.

Jeff Gundlach, Dennis Gartman, and even DONALD TRUMP all took the stance you should either sell stocks because they are too risky, or just dump them all together. No don't bother looking back.
Jeff Gundlach in particular has been screaming to sell stocks since May 25. Since that first call and his latest one on Aug 1st the S&P 500 is up 3.8%. Looks like he nailed that one. 

We know better here at The Long Haul than to sell all of our stocks so irrationally. Here we let great companies compound their earnings potential year after year into a virtual money machine. Will they decline? Yes. Will they come back up? Absolutely for the best run companies out there which we own. So if you'd like go ahead and listen to these idiots.  Heck you don't even have to listen to me. I mean I'm not rich like them so what do I know ok? But maybe by swindling is how they all got their money. 

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