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One of the reasons many AARP members were crushed by the events of 2008 can be attributed to the lack of understanding of the fundamental economic conditions. I write for a website called SeekingAlpha with is the largest investor website on the internet. The authors on this site are not paid for their submissions, and are major players in finance, economics, business, or investors. Some of the author's are pumping you to buy their product so you need to understand who they are by looking at their bio. Topics are economic, market sector, or investment ideas for real estate, equities, bonds, etc. Our articles appear not only on this website, but in 30 other websites around the world - as well as Google, Yahoo, Bloomberg, and brokerage houses.
My articles usually have a economic bent - and try to show you what the conditions are and what your investing options are in the future. I correctly predicted this down market, and was in cash when the market fell. I publish a six month economic look ahead compiled by the economic think tank which feeds the Fed economic forecasts. I try to interpret past events including an interpretation of the events which occur weekly.
I do not give specific investing advise on what to buy - only general advise on what areas you should or should not invest. I am not in business (I am retired) and cannot benefit from anything I say. I am only publishing research I am doing for myself for my investments. My current strategy is to accumulate cash (asset preservation mode) but keep a close eye on the Fed's monetization of the debt (I worry about currency debasement which will lead to inflation). If you sign up for my watchlist, you can receive articles when I write them (usually 2 or 3 per week). If you have any questions, feel free to ask.
we live in very volatile times. things are changing very rapidly - and yesterday's understandings are being destroyed by tomorrow's events. this economic crisis is far from over. we had the 2007 real estate collapse, in 2008 the equities and financial market collapsed, and in 2009 we very well may see the commercial real estate markets collapse causing a second financial cascade. Reading the news in not enough - you need to get out in front to protect yourself.
Steve, thanks for the insight and sorry for the slow response. I am back in the groove again now so I have some time to be on-line. Still trying to figure out this website at this point. I rolled 60% into cash in the Fall of 2007 in anticipation of the downturn but never realized how deep the downturn would be. In June of 2008 I rolled one major fund back into all stocks thinking the bottom was hit. I have another fund I want to roll into stocks but not sure if we have hit bottom or not yet. I think I will hold my cards for a little while longer. Even though I am retired I don't need to access the money so I'm in no panic. Do you think we are seeing a bottom now?
Your articles sound interesting but I am sooooooooo cautious of anything on-line that it might be a hoax. I have to gain some kind of a comfort level first. So, with your knowledge of finance, how are you doing so far?