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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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Bonefish
To: Slumdog who wrote (92571)6/19/2013 8:21:11 PM
From: John Pitera1 Recommendation  Read Replies (3) of 119358
 
Hi Slum.... I was attempting to use both humor and self-deprecation... On my Market Lab thread I have talked about the importance of Asset Allocation, and wealth preservation.

as an accountant who went to work for Morgan Stanley told me several years ago.... it's not how much you make in year, it's how much you save.... but the thing is where does one put money to get a rate of return and retain purchasing power..... that is something that has become trickier in this part of the grand supercycle... and we have major deleveraging and deflationary forces at work globally... and we have Global Central Banking creating trillion upon trillion of Dollars, JPY, EUR's..... sterling etc.

Most of the folks on this thread realize that because of the cyclicality of the economic and investment climate over time... It is very difficult to stay even in terms of the purchasing power that one accumulates.

The global economy goes from one bubble to the next and one asset craze and then major Market wipeout... and so everyone is ultimately in a situation where we need a little grace to be able to weave through the boom and busts.

JP
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