The Prudent Ox Economics and Financial Blog

Common-sense thoughts on the US and global economies, gold, silver, commodities, interest rates, the Federal Reserve, foreign currencies, and government policy decisions that affect the markets.

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Location: Denver, Colorado, United States

Tuesday, May 12, 2009

Why Conventional Wisdom Is Hazardous To Your Wealth

I strongly urge you to read the chapters in Robert Kiyosaki's new book: Conspiracy of the Rich. It tells you why:

- Your house really isn't an asset
- Investing in a 401(k) could be the worst way to save for your retirement
- Why it's absolutely critical to invest at least part of your portfolio in gold and silver.

Go to: www.ConspiracyoftheRich.com. If you read it, fully understand it, and take the actions that Robert recommends... it's one of the best financial reads of 2009.

What you're being told in the mainstream and financial media is nothing more than Wall Street cheerleading. Yeah, the stock market has gone up about 2,000 points in the past few months. However, the Dow's still down at least 35% from it's peak of October 2007.

And it's still due for another downward correction. If you have any stocks or mutual funds that you hope will go up even further... don't keep "hoping and holding."

Get 'em sold - pronto. And put some of the proceeds into gold and silver.

Bush's - and now Obama's - insane federal spending has bankrupted our country, and a sharp decline (if not outright collapse) in the US Dollar is coming. And probably sooner than you think.

For you and your family's financial future, go to www.ConspiracyoftheRich.com.

Do it TODAY.

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Wednesday, May 06, 2009

Why ETFs Beat Mutual Funds By A Mile

Larry Rowland of Money and Markets says it best, and I've always suspected this was the case. Mutual funds have plenty of fees, and they only work when the stocks they're invested in go up.

In my opinion, mutual funds aren't safe, and they're the investing version of the horse-and-buggy - soon to be extinct in the financial world.