Roger Felton
Thanks Bernard. Anyone who has known you for a day knows you aren't a kook. I understand exactly what you are saying and I firmly believe we're in for some rough times ahead. When I first started teaching the skill of trading, my office was right across the street from Enron and I still remember looking down from my office window and seeing those sad people pouring out of that building under guard with their belongings in cardboard boxes.
For the past 20 years I've never put a dime into equities. Probably never will because it's like going down the freeway in a covered wagon. I have friends who have done well in the stock market but it took them 15 years or more to get any good at it on a consistent basis. It's no fun to teach something that takes an eternity to master.
Many people who invested their money in managed accounts would have done better to take their money and head to Vegas. They'd have still lost it but at least they'd have gotten free drinks. When it comes to investing, the first thing people need to realize is that nobody cares more about your money than you do and to trade successfully and consistently you have to learn to trade for yourself.
We live in a world that has gone totally insane. Just check the news headlines on any given day. America, the greatest country in the history of man, is morally and financially bankrupt. Now it looks as if our next president might be serving their term and their prison sentence at the same time. No country can prosper that would ever allow something like that to even be a remote possibility much less a realistic probability.
So, yeah Bernard, Americans should have the jitters. It's gonna get so rough we're going to need seat belts on our recliners. There are many theories on how best to financially survive but investing in stocks makes little sense right now...especially at our age.
There are things that everyone who is financially secure today can do to prevent losing that wealth tomorrow. It all comes down to knowledge. It's now essential for financial survival these days unless your money is under your mattress.
I hope everyone pays attention to that Bernard "kook". He knoweth of that which he speak. The words he never wants to speak are " I tried to tell you".
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