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09:41 PM
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The Stock Market Is About To Crash!
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[quote:Anonymous Coward 77051358:MV8zOTkxODM5XzcyODA1OTU5X0I4NzQ5RkYw] A really old world philosophy was to keep a third of your wealth in cash, a third in real estate, and a third in stocks or business. So, on a million dollars Net Worth, you would have roughly $330,000 in cash, another $330,000 invested in your house and maybe some raw land, and then another $300,000 in a stock portfolio. Benjamin Graham, Warren Buffet's mentor and author of the book, "The Intelligent Investor", had a similar idea. Only he split his portfolios in 2 - Half invested in blue chip stocks, and half in cash or bonds. The idea being that the heavy cash position would help ride out the waves and the dips in the market wouldn't wipe you out. Right now, I am about a third in cash - a big chunk of which is stuck in an IRA, a third in real estate, and only about 15% of my wealth in the stock market. It's getting a little frothy, and I expect a crash soon. Not sure when, but I think it's coming as I believe we are overdue. The Fed jacking up interest rates is going to continue to take a pinch out of the working man and small business owner's pocket. [/quote]
Original Message
If you are invested please protect yourselves and your families now, go short or go cash.
It wont recover for multiple years and perhaps decades.
I can not share a link or my source but it will become apparent this week and accelerate next.
Be careful out there.
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