Well written and GREAT advice – and if you are vested in the stock market, please consider what you can lose…I took an advanced economics course once and it was eye opening when they demonstrated that most average when it is all said and doen approximately 2% profit.
Submitted by Tyler Durden on 04/14/2014 – 11:14
Within the last fourteen years, there have been two major market corrections, both of which saw drops of 55% from their highs. That, or more, is the potential for what lies ahead. For those who went through these markets, it was not enjoyable… and those who ‘stayed long’ have been lucky. To put into perspective how lucky he was, it took 25 years for the Dow Jones to recover to its pre-crash highs after the Great Depression. Likewise, the Dow hit an intraday high of 1,000 in 1962 but never closed above 1,000 until about twenty years later. Whether recent market behavior proves to be merely a dip in the chart is almost irrelevant. The country and financial markets are nearing what could very well be an existential event. Do not be investing like your father or grandfather. Markets today are more like casinos than a way to invest in American growth. Unfortunately, the Federal Reserve has made it impossible to go elsewhere other than your mattress.