Entrepreneurs – Watch Out Below!


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Time to take a break and realign your investment portfolio. The stock market is posting higher and higher highs, yet do you feel we’re in a strong recovery? Whatever expansion we have seen is not old-fashioned growth but is based upon a flood of unprecedented Fed liquidity. Reported unemployment numbers are stabilizing, yes, but only because the number of people who have stopped looking continues to grow. Despite higher taxes, the consumer has managed to spend. How? Recent research reveals that one in four American workers with 401(k) and other retirement savings accounts use them to pay current expenses: mortgages, credit card debt, or other bills.  Cut your equity exposure.
Mr. Rodgers, CFA, has been managing money since 1988; his blogs and newsletters can be found at www.goldleafcapital.com

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