A Man in Debt is a Slave
By Flutterby
@Flutterby1 (9)
South Africa
August 26, 2015 8:18am CST
So world markets go down and everyone thinks the sky is gonna crash on our pinheads. If you think I'm joking then answer this, where do you fit in the universe?
Nope, in reality it has just become a buyers market that's all. It's a time to buy good stocks and keep them. Naturally, for ever and ever stocks and shares will continue to move in upwards and downwards cycles. It's no big deal, unless you are looking for a good bargain to create a nest egg, then you should get expert advice.
However I will add one point, if you are in Brent or Nymex or any carbon based stocks it's best to get out NOW. The Saudi's warned us about 9 months ago that they can push prices of crude down to $20 a barrel, and they have more than enough desert to store it. I told my broker to get out but he didn't take heed so I take a knock on his optimism, but not too bad because my eggs are in more than one basket.
It's not a train smash when looking at the overall picture, my portfolio is many years old and my broker's knowhow has served me well in the last 5 years and yes... markets will go down but they will go back up before you know it. When investing we should ignore the short term movements and only focus on the long term fundamentals and dividend yield.
There is another reason why crude will continue to slip, excuse the pun, not only do oil producing nations face heavy competition from frackers, but also alternative energy will become a major factor in the next 20 years due to global warming or climate change, whatever you wish to call it... our globe is suffering as a result of man's overpopulation and greed during the past 100 years.
More reason to get out of crude and fuel stocks. This interactive map reveals which nation's stock exchanges are most exposed to the 'carbon bubble' - the theory that oil, coal and gas reserves held by fossil fuel companies are massively overvalued since climate change policy will make these reserves impossible to exploit and therefore ultimately worthless. source below in link.
This two year old link is a very interesting interactive account which is progressively coming to pass. . Don't be surprised when one day into the future you will be expected to pay a surcharge tax to drive that gas guzzler. As a matter of interest, methinks the FED will not increase interest rates this year, if you are wise it's time to take the opportunity to get out of debt before interest rates increase.
Thanks for reading.
3 people like this
1 response
@dashboardc33 (314)
•
26 Aug 15
This is so true! Our whole county is in debt and we are pretty much all slaves. It is really sad. The only debt we have right now is the house which is nice, but it would be awesome to pay everything off so we don't owe anyone anything.
1 person likes this
@Flutterby1 (9)
• South Africa
27 Aug 15
Thank you for your comment. People don't usually respond to my ramblings about us handling our finances correctly. I suspect this post was one of the reasons why my bubblews account @Flutterby was cancelled, people who have no clue get afraid when they see anything related to money, especially when they are naive enough to trust scammers, and MANY Americans have been ripped off by their own greed, the scammers got them big time so now they are paranoid and guess what I live in Africa just to add salt to the wound. . ROFLOL