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Saturday, December 12, 2009

Investments

Yesterday my broker called me and according to him, this is the only time in his 25 years of experience that he has recommended that his clients take at least 25% of their investments out of the stock market. Since the market is now doing nothing, and the Fed has a policy that has a high probability of hurting the national economy, I'm pulling about 50% of my money out of stocks, with most of it going into cash. Why not all of it? Because nothing is for sure.

I told him that I've made an investment in battle rifles and ammunition. He's considering doing the same thing.

Keep your powder dry.

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