THIS WARNING IS NOT MEANT FOR VPN TRADERS
THEY KNOW HOW TO HANDLE THEIR FINANCES
LONG term & short term
*******************
BUT those OF YOU who PROCRASTINATE LIKE you did in 2007 to 2008 & 2009
are OF the IMPRESSION that even IF your mutual funds
lose value, IT WILL COME BACK JUST LIKE IT DID B4.
THAT MAY BE TRUE, but this TIME it might take QUITE a few years LONGER.
THE KONDRATEIFF winter is NOT kind to long term investments - Consider that last occasion of this long wave.
YES IT was the GREAT depression- NEVER HAPPEN AGAIN
you say, hmmm. 1929 to 1947 before anything really started to perk, especially in real estate prices. oh, btw, thats 18years
LISTEN to this example
in 2007 I warned a number of friends about a possible banking crisis like 1929, but they SCREAMED AT ME- IT CANNOT HAPPEN, NO WAY!!-
You should have seen their faces in 2008&09 when I reminded
them of my warning.
SO why should YOU let YOUR MUT funds deteriorate
by 30% to 50% over the next 2-5 years, when YOU can park
it in the same fund, only in money market, thereby conserving the value of your $$. banks are better capitalized than in 2008, and There should be no threat to MM funds.
OH, YEH, TO those people who think they are buying real estate at wonderfully low values, well the same warning goes there to- just like 1929-47---
THE BOTTOM is a LONG way off
WE had 2 consecutive 18yr cycles MOVE UP from about 1971 to 2007, BUT now we are in an 18 year cycle that WONT be so nice to you - 2007 + 18 years = 2025.
THATS A REALLY LONG TIME TO HOLD onto
WHITE ELEPHANTS.
MORE LATER
JAY
No comments:
Post a Comment