Jul

27

The White StripesI start out every year in my 401k with 75% S&P Index fund and 25% cash. I wait for major down days to redeploy the rest of my cash. My first five percent buy move was in the February selloff and I'm doing so again this morning. I try to deploy all my cash by year-end. With investment restrictions due to the bank I work for, I am limited in my speculation, but this system has worked well for me over the last five years.

After reading the site for years I'd like to share my favorite song to play on market days like yesterday: We're Going To Be Friends, a great Beatlesque tune by The White Stripes. This song to me represents the greatness of what is around the corner in life and the markets, for those who appreciate the beauty of continued learning. I listen to this during any market downturn. I just can't tell if the market mistress is Suzy Lee or the teacher. Anyway, I am optimistic. 

J.T. Holley adds: 

 The last Friday of the month is 401k day across the land in most plans. Such a sweet day today for the public to enter!

I like to strum a six-string and sing songs to my kids like I was Raffi. But when I have spare time I pretend I'm Jimmy Page. Jack White of the White Stripes is truly a genius, a producer and musician (not just guitar). They don't come along too often like him. He pretty much does all of this on his own, with the help of a single drummer.

Icky Thump is their newest album and the Icky is one of the best singles on the album. Reminds me of Led Zepplin.

White also produced Van Lear Rose for Loretta Lynn a few years back and helped her win a Grammy. Unbelievable, ground-breaking music.


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