Another bubble melt-down in your future?
Follow this link to a great article about the possibility of more economic bubbles to come. http://www.comcast.net/articles/finance/20091008/US.Meltdown.The.Next.Bubble/
I know it is a little long and somewhat technical but it is really worth a read. I hope you get the point that to days economic environment has created the possibility that bubbles will come more quickly and from many sources. This isn't like 1929 (Depression Era) that was followed by a long period of growth. We are in a whole new situation and need to think about how we react.
One term mentioned several times in this article is "herd" mentality. We saw that with the "tech" bubble and the "housing" bubble. What we are also seeing every day is the wild swings in the markets based on a tid-bit of news. It seems that every day it is get into this, or out of it.
I'm not going to even pretend that I know what is going to happen with the market. What I do know is that we need to take control of our investment decisions using thing we can understand, not some derivative.
If we want to plan for retirement then we need to be able to say that if I put this much into this investment it will earn this much money over a period of time, and I will have this much more at the end. Not, if I invest this much I might have that much. We are not playing the lottery folks. This is your retirement we are talking about.
If you don't understand the markets then find a secure way to invest. This site talks about CD's at financial institutions. They are insured by the federal government and earn interest every day. You won't loose what you put in, and you will know what you will have at the end of the CD term. I know it is not glamours and won't get you a high return on your investment like Bernie Maddof promised. Howerver, if you take the long view, you will know where you are going and what you will have when you get there.
Let me know what you think. Thanks.
IRA Investment Strategies
A couple of days ago the market was up 140+ and a few days later down 200+. Are you tired of this roller coaster?
If your at, or nearing retirement and want to take the risk out of your retirement portfolio then consider investing in bank/credit union Certificates of Deposits (CD).
This site, and blog are designed to try and help the unsophisticated investor take advantage of a federally insured investment option. You can protect every penny that you have and earn a small return on your money. By using some of the tips in this site you can improve those earnings.
Please search through the material. I have tried to be as clear as possible, however, if you have a question please feel free to post it. I will responde as I can.