Friday, February 21st, 2020  |  2:59 AM

A Conservative Newspaper Promoting,
Life, Liberty, and the Pursuit of Happiness

Subscribe Now: Get your own copy of The US Journal

Bear Repellent - Steps You Can Take to Prevent Market Losses

Written By: Tom Hankes  |  Posted: Tuesday, August 31st, 2010

You probably still have bruise marks on your forehead from banging your head on the wall after the litany of economic woes I wrote about in the last issue. I'm trying to throw some cold water in your face to wake you up to deteriorating market conditions and show you that there is a silver lining to a bad market. There are several tools available. If you already moved to cash, you have already made one of the best, safest, and easiest moves.

First, let's look at the bright side: If stocks and bonds are overvalued as I suggest they are (by 50-60%), you should feel quite good with the profits you have to date (of course, this all depends on the cost of the stocks you purchased). If you are sitting on profits, you don't really deserve to have them as the market is overvalued; you did nothing wrong, it's just that other investors bid prices up too high. If you sell now, you've locked in those profits. It's like selling your $5, 000 car for $10, 000 to a buyer not as wise as you are about the true market value. You're not dishonest, you just got lucky.

Sign into your account to read the rest of this article. »

Share this on Twitter  |  Share this on Facebook  |  Email to a friend.  |  Contact the editor.

What are your thoughts?

Want to read more of this article?

You must be a subscriber to read entire articles.

Gain 24/7 access to all the content on this website by becoming a subscriber.
Choose your subscription plan and get full access in minutes. Subscribe now. »

If you are already a subscriber, sign in now to read more full articles.

More Business News

Subsidies Galore: Corporate Welfare

Gold Backed Currency?

Go For The GOLD!

Poor CEO Demands Raise Because He Can Only Afford $20M Vacation Home

What the Millennials Believe About the Future of Capitalism is Terrifying

Inflation is Coming

Why is Profit So Important?

End of Malls will not make Shopping any Better

Elderly - Get Out of Stocks and Mutual Funds

Thinking Outside the College Box