With Banks failing, the DOW dropping 777 points in a day and the rapidly fluctuating Dollar, the question I am hearing almost every day is where should I be investing my money? There are some who have gone so far as to pull funds out of their banks and put cash under their proverbial mattress.
Tuesday, October 7, 2008
8:14 AM No comments
To make matters worse, you have reactionaries like CNBC analyst Jim Cramer announcing on the Today show:
I have compiled a few articles and comments from various sources with suggestions how to best weather this storm:
From Peter Schiff:
President of Euro Pacific Capital and author of best-selling book, "Crash Proof: How to Profit from the Coming Economic Collapse" was published in February of 2007
My advice has not changed. Keep your cash reserves in foreign currencies, right now the Japanese yen looks to be the strongest, own gold, and take advantage of some great values in high dividend paying foreign stocks, especially those that are not exposed to U.S. consumers or U.S. borrowers.