The financial media is once again telling everyone to short stocks and buy gold. I tend to ignore these media celebrity want to be’s. If you would like to get involved in investing for your future, do a little research and understand that you are looking for long term wealth and not a short term gamble. If you don’t have time try investing on your own, periodic deposits into an account managed by a reputable conservative brokerage like T Rowe Price is the way to go. They can help you choose conservative investments like bond funds as well as low risk blue chip or value funds which include companies that should make it through this recession.
As for the financial media pundits looking out for their best interests, its time to get back to basics and teach investors how to build a nest egg starting out with one dollar and adding to it over time which is how it was done up until about 1990. Teach the populous that wealth is not about entitlement, you usually have to earn it.
In my investing experience stocks have once again reached rock bottom as they have in the early 90s, 2001 and the past two years. In all of those times I have maintained my investments and tried to add to my investments. Even with the companies I invested in that vaporized because of poor management and mounting debt, I was still able to come out ahead at the beginning of the next period of wealth building or what analysts call a bull market.
I am tired of hearing about gold and how we should bet against America and bet on gold. Gold will eventually drop from its stratospheric levels like other commodities; remember oil was almost 150 dollars a barrel.
If you are looking for long term investments I suggest a mix of healthcare, technology, energy, and freight/shipping companies that have cash and not just a mountain of debt. Do your own research if you have the time; the information is publicly available on the internet.
As for the financial media and financial analysts that try and sway the market…you better start looking for new careers, your credibility is starting to wane.