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32 Billion Reasons The Average Investor Will Fail
I’ll be the first to concede the going’s tough. That almost every “time-tested” strategy that worked well in bull markets is sputtering and collapsing.
But is it so bad we’ve given up on turning a profit? And just resigned ourselves to preserving our principal, right?
WRONG.
This week the Treasury sold $32 billion in 4-week bills at a yield of ZERO percent.
That’s not a typo. Investors actually clamored for the opportunity to lend the government their money in return for absolutely no return. In fact, investors bid $126 billion at the auction, more than four times the amount available.
As Michael Franzese, the head…
15Dec2008 | Investment U | 0 comments | Continued
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