Sunday, November 18, 2007

Highest Cash Levels in Years

After updating my spreadsheets this weekend, I can safely say that I haven't had such a small percentage of funds held in stocks in years.  My portfolio is currently approximately 87% cash. Looking at the charts of stocks on my watchlist, I can't say that I see anything very intriguing to invest in so I'm either going to have to wait from the sidelines or expand my horizons.  I've missed out on the big bounce from the August lows but at this point in time, I see a lot of stocks as being 'tired' and ready to rollover.  That being said, we're well into the month of November, which anectodally is the start of the run-up to the RRSP-buying season. Time will tell what happens. 

No comments: