Serving The Coming Crash
Dec 10th, 2009 by July Ono
If you have investments that you are depending on for retirement, then the book “Conquer the Crash” by Robert R. Prechter Jr. is a must read. Today’s financial world is not for the blithely ignorant passive investor, you will lose most or all of your money if you are. The financial world is no longer static, you can’t just leave your money in a savings account, GIC, Stock, commodity, forget about it and prey it’s there for you when you retire. Those days are gone, never to return. You are empowered to take control of your money. Start today. Read a book. Hey, I don’t profess to understand everything in Robert Prechter’s book. I’m intelligent and I can study. I’m learning for my sake and for my investors. It’s pretty scary when you see “206 trillion dollars of US based notional amounts of derivative contracts and 800 trillion dollars tethered to the global financial system… with total US savings at 700 billion dollars. Keep in mind that all paper money systems in history have failed!” Exert from Hillier advisers December update. As dire as all this may be there are solutions and strategies you can take to mitigate your future losses and prepare for a buying spree at 10 cents on the dollar when the dust settles. It starts by educating yourself so you can take the right action for your financial goals. Be a smart investor.
