Submitted by charliehiphop on Thu, 2008-10-09 08:06
People ask me all the time, "Charlie,
do good investments exist in this time of economic collapse?"
The most honest answer might be, "Guns and ammo," but that's not usually what they want to hear. There are actually a few decent equities out there -- and equities are the only investment vehicle that makes any sense whatsoever right now since real assets (equipment, real estate, patents, logistical systems) underlie them. When you buy stock, you're buying a stake in the company. If the company survives -- it doesn't even have to thrive in this environment -- it it outlasts the bad times, you'll do OK. That's the basic premise.
As I have been so incredibly prescient in my financial and economic predictions, it would be ethically repugnant for me to withhold advice on the long-term opportunities that will soon be available in our glorious free markets. Bear in mind that I am not a certified expert of any kind, just a dude who is more often than not (by no means always) right. If you take this advice and lose money, it's on you; do your own research. The following is just one opinion. Read it all