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I’ve said it before and I’ll say it again: Money and Markets has the sharpest, most informed readers of any publication I know of.
The high quality of your responses on my personal blog never ceases to amaze me, and yesterday was no exception!
No fewer than 900 readers logged in to answer our questions of the day:
“Will America survive?
“How do YOU feel rising interest rates and record-shattering money-printing will impact your income and investments in the weeks ahead?
“Which investments do you expect to spin off substantial profits next? Select U.S. stocks? Foreign stocks? Currencies? Precious metals?”
Unsurprisingly, given today’s economic realities, the vast majority agree that the U.S. economy and stock market could fall much further in the weeks and months ahead:
Chaloke from Bangkok says that we will have to pay for our unprecedented deficit spending.
William W., Earnest H. and many more believe America will survive this, but as a socialist nation, given the massive power grabs we’ve seen Washington make so far.
Charlie B. loves America and cherishes our founding documents, but fears that our best days are long over.
Bill N., a sailor, compares our current predicament to a storm at sea: We know there will be rough seas ahead but if we listen to good advice, prepare for the hard times and ride them out, the storm will eventually pass.
So what’s the best way for an investor to profit at a time like this?
John W. says he prefers an inverse ETF on Treasuries, an investment designed to profit from falling bond prices. He also likes writing covered calls on a gold ETF to earn extra income on his gold position.
Chaloke points out that, historically, investments in corn, rice, oats, wheat and soybeans have produced gains of up to 446% in times like these.
Richard S. and Jim M., have hitched their wagons to the long-term bearish trend as members of my Million-Dollar Contrarian Portfolio (now closed to new members and unlikely to reopen.) But they’re also eager to find ways to time short-term moves in the markets in order to take advantage of bear market rallies.
The tale of two investors:
Which one best describes you?
I was particularly struck by this tug-of-war between two distinctly different types of investment mindsets among our readers:
On the one hand, scores of our readers are keeping their eye on the ball — the massively bearish fundamentals of the economy. They know it’s only a matter of time until the overriding bearish mega-trend reasserts itself, and they want to be in the right place at the right time.
They understand that they’ll tread water or even have to tolerate temporary paper losses during lulls in the action or in bear market rallies. But they’re also confident that the overriding long-term bearish trend will ultimately pay them for their patience — in spades.
On the other hand, many of our readers seem eager to make money RIGHT NOW. Standing on the sidelines and watching others profits in these bear market bounces is driving them crazy.
They understand there’s a risk associated with bucking the long-term trend, and trying to jump on these short-term rallies. But to them, the profit potential outweighs those risks — and they’re asking for help to trade these shorter-term moves profitably.
So here’s today’s question:
What kind of investor are YOU?
Are you content to own longer-term investments tied to the dominant trend in the market, knowing that you’ll ultimately have the opportunity to grab substantial profits?
Or are you itching to trade this market more aggressively going for profits when stocks move between the waves of the major trend?
Just click this link to visit my personal blog and tell me what you think!
Giving me your answers will go a long way towards helping us help you with recommendations and tools designed to fit your investing style hand-in glove.
And as always, my team and I will do our best to meet you on my blog to address your concerns, answer your questions and help any way we can.
Good luck and God bless!
Martin
About Money and Markets
For more information and archived issues, visit http://legacy.weissinc.com
Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Nilus Mattive, Claus Vogt, Ron Rowland, Michael Larson and Bryan Rich. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig.
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