Gerald Loeb’s advice: “Put all your eggs into one basket and then watch that basket.” That basket needs to be an exchange-traded fund (ETF) tracking the S&P 500. Only a few qualify. SPY is the best. It is the oldest and largest ETF with the narrowest bid/ask spread.
In line with that advice, our fearless, intrepid investor was entirely in cash in the U.S. dollar. She decided on that a few weeks ago when the put/call ratio turned -ve.
As it happens, the U.S. dollar strengthened, and she did ver well.
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