Like sheep to the slaughter: Clueless, liberal columnist says 100% of your portfolio should be in stocks!
by: J. D. Heyes
NaturalNews.com
Monday, November 23, 2015
Forget owning physical gold and silver. Forget land, where you can grow food, hunt and dig a well for water. Don’t worry about keeping cash on hand and stashed somewhere close.
Forget that stuff. If you really want some financial peace of mind and long-term security, you should put all of your eggs in a Wall Street basket, according to Jeff Reeves, editor of InvestorPlace.com, in a recent piece at MarketWatch.com.
In other words, you should place all of your faith – and the fate of your future – in the stock market.
Reeves begins his “advice” column thusly:
“I recently wrote an article for USA Today about asset allocation strategies and the rather antiquated notion of a 60% stocks/40% bonds portfolio. For it, I interviewed several financial experts who advocated a heavy allocation in stocks — including as much as 100% of your portfolio — even if you’re in your 40s.
“Unsurprisingly, I heard from many readers who considered that advice irresponsible. Their logic is simple: If you’re 100% in stocks, it’s nice while the market goes up, but your savings will be cut in half or worse when the market inevitably crashes.”
Reeves then patronizes, saying that may sound “logical” but only “on the surface.” Anyone with a “deeper understanding” of markets and stocks and such has to “realize” that a 100 percent stock portfolio “is not a strategy designed for a market with no risks,” but rather one that is “designed specifically with many risks in mind.”
About that market ‘correction’
The Rest…HERE
