My Most Important Post

Unfortunatley for any scant amount of followers of this blog, this message may not be received until the markets and economy have already turned. I'll work on the marketing of my blog in the future to make my updates more worthwhile for concerned citizens and investors. However, if you are one of the few lucky readers at this point, I would suggest a few things to consider.


-How many years do you have until retirement as far as retirement funds (IRA's/401k's/403b's) are considered?

The Coming Crisis Should Pose Opportunity

For those folks who are proactive thinkers, with all the news headlines concerning large government bail-outs in the Eurozone - it would behoove you to save as much cash as possible. This is not a recommendation to cash in your retirment plans or make any drastic asset allocations to them, but more of a day-to-day idea to cut your spending until things shake out a little bit from here. I do not recommend buying gold, but I would have to recommend purchasing a firearm or two and plenty of bullets in case the stuff really hits the fan. Stop reading this now - and I am going to read your mind...........you are likely thinking that this guy is crazy and an alarmist. I would think the same myself. Here is the rationale, first is the good news scenario - the economy recovers and you have a pile of cash to deploy as you see fit. The second is a bad scenario, the economy goes into the "dreaded" double-dip recession and there is not sufficient cash reserves to get your family through a possible 3-6 month job loss. Therefore, given the fact that it will be either one of these scenarios or the other - the logical thing to do is save/raise cash holdings.