I did talk to several finanical planner, most of them are too bullish about the stock market and their privately traded funds. To name a few, I have discussion with UBS and Edward Jones, they sound quite similar to mortgage brokers.
Of course, I’ll continue to search for my long term investment planning. In the short term, keeping money in 5.5% CD is the best I can think of.
powayseller,
Personally, I have become extremely bearish on stock/mutual funds. Most of the once I have keep track of is turning ‘red’, very red. IMO, too many negative components that could trigger a major recession.
To name a few:
– housing burst
– ATM style ARM resets
– Fannie & Freddie becoming Enron
– huge trade deficits
– insane govt budget spending
– American’s spending style
– People not having enough savings in the bank
– inflation and deflation
– war in Mid East
– insane oil price
– Big cap companies job cuts
– Lacking of solid alternative engergy plan (continue to depend on oil)
– “Bush”
I agree that getting into stock at this point may not be a wise decision, that’s why I want to see others’ opinion?
By the way, can you tell me which sites you used to research gold?
