Jubilee Prosperity

Many also felt 2008 an Annus horribilis. Major financial changes only just began. It is more important than ever to be intelligent and vigilant: Investor IQ. Buy and hold or indexing no longer works if it ever did. Why hold long-term depreciating assets? The triumph of hope over experience is an empty illusion.

We are at the beginning of a lifetime financial meltdown that has been a long time coming. What we do here may well determine our individual and collective future prosperity and survival.

Careful selection with regular money management discipline pays handsomely. Top performers cut losses and let their equity grow. Top performers are getting out of bonds, dollars, oil, real estate and stocks on rallies.

The consequences for other assets are significant. Some equate long rising bond yields with earnings and rental yields. When bond yields rise faster than earnings or income, real estate and security prices fall.

Last year real estate fell a third and stocks fell by half.

If that was not a wake up call, consider the Bible:

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This entry was posted on Monday, April 6th, 2009 at 12:28 am and is filed under Prosperity. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.