Are we there yet? Grrr..........................Jim Rogers on 6 May 2009 says we have yet to reach the rock bottom (he was refer to the economy of US and Europe, not the stock markets)
Peter Schiff says, if you are American and has a lot of US dollars, do not keep too much in cash, buy foreign stocks, which will do better than NYSE. If you keep cash (US dollar), you will lose purchasing power.
Max Keiser says when the US and Europe financial crisis reach its peak (far from it at the moment), gold will goes up.
MyView
- US & Europe hyper inflation (especially consumables like food) is on the way up (sugar price lately doubled) as a consequences of US and Europe printing of money to buy toxic waste (economically it is insane, especially, the countries are in huge deficit and leverage)
- Asia is a better place to invest in equities than US and Europe
- crude oil is reaching its peak, hence, in the medium and longer run, demand will exceed supply (no major findings over the last 30 years)
- food inventories is on 50 years low, so, consider agricultural stocks
So, allocation of your portfolio should be different nowadays, to protect your money. There is no right or wrong, you have to know your risk profile, example, an elderly say 60 yrs old may want to put more in cash & high dividend yield stocks and precious metals. A 3o yrs old may want to consider higher risk profile, like, buying agricultural stocks, silver stocks, gold stocks etc and less cash (if no major financial commitment).
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