I mentioned a while back that we will probably have another contraction/recession. Many , like myself, believe it is here. Currently we are in the downtrend. Note the Dow Jones Industrials and S&P over the last ten ays. It isn't looking good. Other indicators are showing recession. The trouble with recession is that it isn't acknowledged for some time after the money people know it for certain...maybe 6-9 months. That gives the big money people...banks and hedge fund guys...a chance to get OUT slowly...without showing their hand and bringing the prices of stock crashing down. It comes down slowly and the media people who are supposed to know just fumble and scratch their heads. Meanwhile we have lost 30 or 40 % of our 401 K's that we have invested in stock funds.
The state has a "Stable" fund that has been giving around 4%. It's guaranteed. THAT is where mine is. At least what is left of it after the 2007 drop. DON't think you are going to make money in stocks right now. Nobody is. You won't either. Greedy equals Stupid. Be smart. Protect yourself.
The state has a "Stable" fund that has been giving around 4%. It's guaranteed. THAT is where mine is. At least what is left of it after the 2007 drop. DON't think you are going to make money in stocks right now. Nobody is. You won't either. Greedy equals Stupid. Be smart. Protect yourself.
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