Averill: There is a better way
Written by Cap Averill II | | avrilcap@aol.comOK, so now we have seen more than 20 meetings with the purpose in mind of “fixing the European debt crisis”. Hmmmm.
When I get my car fixed, I don’t go back again to have it fixed a week later, as it is not any longer broken. After all I had it fixed.
So to me it is unsettling that it just keeps happening. They announce that it is fixed, then a few days later we are worrying again?
I do not see this as being over.
My math says that Europe does have the assets to save Greece, Portugal and Possibly Spain, but all three together would be really rough, and Italy, is an impossibility without global intervention, and that means us.
To me, China is floundering at best, supported indirectly by our economic stimulus.
Averill
These types of things have not been factored in to historical returns charts, or the overall financial planning model.
Many times at the point in time that major megatrends hit pivot points, (like now with leveraged interest rates) businesses that did well in the recent past, will be the most likely to do poorly in the near future.
When something changes, advisers give five years of bad advice and realize it 5 years later when their mistakes show up on the historical chart.
We all know who won last years super bowl, but who is going to win the next?
In 2008 over 80% of investors with $1 million dollars in assets planned to move money from their current advisor.
A lot of them must have. There is 13.2 trillion dollars in money markets. The average bank rate is 1.15 % on Bankrate.com for five years.
America can not afford to lose another decade of growth in their retirement funds.
Are you seeing the same thing?
There is a better way.
Please tune in to WGTE channel 30 PBS September 2 at 4 p.m. for my documentary “Wants and Needs.”
Visit http://www.capassociates.net/ for more information.
Tags: Cap Averill II, Euro, Europe, Greece
