When Headlines Contradict Content …
Courtesy of Paul Price
It is advisable to side with the facts.
Every individual’s investment horizon really spans "the rest of your life." No matter how you decide to allocate your savings, you must do something with it.
Cash is merely the default choice. The Fed’s ZIRP has ensured that, over the long term, money in the bank will produce negative real (after inflation and taxes) rates of return.
The July 6-7, 2013, weekend edition Wall Street Journal ran an enigmatic article titled “The Case for Swearing Off Stocks.” Even the accompanying photo (a custodian sweeping up debris from the NYSE floor) put forward the notion that shares today somehow equal trash.
WSJ columnist Liam Pleven quoted a few financial managers that, post-Great Recession, have drastically and permanently reduced, or even eliminated, their clients’ exposure to equities.
The following graphic carried the same title as the WSJ article. It was meant to explain, or perhaps excuse, those who had sworn off stocks as an asset class forever.
Keep Reading: When Headlines Contradict Content … – GuruFocus.com.
