July 26, 2013
The printing presses keep running. Bernanke will not let this market go down despite a lousy economy and bad earnings reports. This administration is committed to printing more money to prop up the financial markets. Barring a huge natural or man-made disaster, the highest probability says the markets will go higher…..remember this is probability, not a guarantee.
So what to do?
Keep any dividend paying positions that you have. Buy gold: GGN is a good pick that pays a nice dividend. After tumbling recently, gold is set to go higher. (from Daily Wealth newsletter) “As you can see, the last time futures traders were even close to this bearish was 2008. After traders hit that extreme level of bearishness, gold jumped 71% in 13 months.”
Buy other selections that I have talked about.
IF you are more conservative buy small amounts to start and keep adding if the markets go higher. Do not sit in cash. Do not buy annuities or long term bond funds. I would not buy municipal bonds or funds.
Go to “HOME” (top of page) for the most current posts. (Please respond to POLL Click Here) This blog discusses dividend paying investments that I find appropriate for myself…..and for investors seeking dividends and income. I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices.