Don Cassidy Quotations | Page 2

There are lots of different kinds of investing nicely matched against the structure of a closed end fund, that are not matched through other things. But this is not something you necessarily buy and hold forever. You've got to watch interest rates ... and be somewhat involved. But do you need to be an expert? No.

We and just about everybody else thought that large-cap funds would start to take over in the first quarter, but it didn't happen.

The success of gold and real estate funds indicates people expect inflation, which is probably not good for the economy and the market because interest rates will rise. And the fact that three-quarters of recent new money has been flowing into world funds, rather than domestic funds, is not a vote of confidence for the U.S. stock market.

You don't have to be 75 to use a rolling wire basket.

The greatest asset people in the 18 to 34 generation have is time.

Like anything else, the time to buy them is when they look the scariest. When they've been going down, when rates have been rising, and you're afraid and there's the threat of recession. ... And if it's been fun for a while, you better think about getting out.

This bull market is now entering its fourth year, and it is getting tired. The old leaders of this market -- energy and housing -- seem to be running out of gas.

People will feel they did not make a lot of money (this year), and yet they may well see some significant capital gains taxes due on their funds holdings.

It's my opinion he will get a green card. I'd be very shocked if he didn't.

There wasn't really anywhere to go this quarter. And there's still a lot of caution out there.