Captain Rick: The Dow Jones closed today at 14253.77, a new record…topping the previous high close of 14164.53 on October 9, 2007…just prior to the market crash, followed by the Great Recession.
Captain Rick’s Investment 101
As a successful investor, I can not stress enough the importance of the old investment cliché: “buy low, sell high”. It has worked with excellence for me. Intelligent investors bought during the steep dive you see at the left of the chart, while most sold out of fear (it was scary, but smart)…and then began to sell and reap excellent rewards during the uphill recovery on the right (it was a ‘chicken move’, but smart).
If you have a significant amount of money invested in a 401K, other program or directly in stocks and bonds, I highly recommend you begin to transfer some of those funds to a safe prime money market fund. Your investment won’t make money, but it will be safe from loss when the market crashes again…and it will. Its just a matter of time. With the U.S. economy stalled with zero real job growth and the U.S. GDP approaching negative “recession” territory, this is time to sell…not buy!
I extend this word of investment caution to everyone around the world. We all live in a global economy. I hope all of my friends around the world are paying attention to my blog posts which keep all aware of the very serious elements unfolding upon our world.