January 19, 2008
You may or may not be interested in municipal bonds and may not have even considered the ones I selected previously for Income Planner? But I have added four additional municipal bond funds not only because of the tax-free income they kick off, but also because of the significant discounts they are currently selling for and the fact that the Fed is about to cut interest rates again significantly!
What happens when interest rates get cut? Bond prices typically go up. And that is what I want you to consider now for some of your money. You'll find these selections under the Portfolios Tab.
If you are interested in foreign currencies, you know the value of the dollar has been in the news forever but it has only gotten worse in the last few years. I will be listing many of the foreign currencies that are available for purchase like the Canadian Loonie and the Euro I purchased a few months ago. Hopefully I can get this done tomorrow. You can investigate these if you are like me and do any foreign travel and see what's going on in those countries. If you believe that our dollar will continue to depreciate over the next few years, these might be of interest to you.
With the markets in turmoil so far this year, if you think that the worse is still not over, I will list numerous indexes that rise in value as the markets are crashing (again tomorrow). I may be a little late to the party, but if you remember an email I sent out last summer, I mentioned two selections to look at (and which have shot up appreciably) if the markets tanked. No, I didn't buy them either, but then I didn't know things were going to get this bad. We may still see another drop of 1-2,000 points in the Dow, etc. if the Fed and the Pres don't get their act together. Yes, I fault them, why, because they are supposed to be the guardians of our money! That's what regulators are for!!! But of course, it was too easy to rip people off who had no means of being able to afford the homes they were allowed to buy into.
Okay, okay. I'll get off my soapbox. Please let me know what you think. I always have some emails to greet me every day and now suddenly, no one's sending me any. I hope everyone is alive and well! And don't forget to listen to Mike's program if you can. Have a warm Sunday!
Pete Lipke
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