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Tuesday, June 2, 2009
Be Flexible With Your Investment Strategies - Another Rebuttal To Dave Ramsey
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Don't be afraid. You can choose to be afraid or you can choose not to.
ReplyDeleteYeah, I guess so. You can also choose to be willfully blind and unresponive to reality, Mr. Ramsey.
Ramsey says to invest in mutual funds which basically take your investment and diversify it in stocks the fund managers think will do well. The odds are that not all companies will go under and if you invest in multiple funds you should be OK. In a long term (more than 10 years) strategy this is sound advice.
ReplyDeleteBut don't for a second think that investing in gold is safe either. In the 30s FDR confiscated gold from individuals for a fraction of its value.
In the hands of Obama, nothing is safe. You should be storing food and supplies if you think there will be a collapse soon. That's what I am doing.