I’m meeting with my investment advisor next week. My porfolia as lost $200,000 of value in the past three months. My instinct is to cash out and move on. However, I have a nagging feeling that may be exactly what The Marxist Onada wants.
Anybody have any incite out there?
Be very careful of Gold. It is riding a bubble. Oil is not a bad idea right now. I bought 800 barrels at $31.00. It will start to gain as the summer progresses. And Obama is adding another dollar per gallon in taxes. So expect a rapid buy before that happens. The reduction in tax cuts for Oil Companies will also drive the price up rapidly.
Other than that, there is little else to even begin to predict.
I’m in the same boat you are, but there really is no safe place for your money right now.
I’m in treasuries, gold, and platinum, and the family trust has been buying repo’d properties around our home town for rentals. Even if property values decline, this is where we live. And we’ll survive.
Of that you can be fairly certain.