I have come to the realization that my attempts to overcome the euphoria in many TSP investors has been grossly inadequate to overcome years of “it always bounces back” marketing. Yet, it is not over by a long-shot.
Fear is a good thing sometimes. It is what lets you survive at times.
Here were my last two e-mail alerts to members to change allocations…
How much would that have saved you?
Last week the Federal Reserve threw the largest bailout ever at the markets and the credit markets continued to crumble and stocks continued to crash.
The entire global financial system is breaking down. You need to worry about more than your returns-on-your-funds, you need to worry about the return-of-your-funds.
Protecting what wealth you have today matters – what does “invest safe” mean today?
It’s not over.
Michael Bond
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Categories: Perspectives