Wednesday, February 16, 2011

I'm not happy but....

Here's the title of an email that I received today from someone trying to give me investment advice:

Demise of America: What income investors should do

Give me a break folks! Ok, I agree that the US isn't going to always be the be-all and end-all of the world.  But isn't that just reality?  Have you ever read any history at all?  Are you over 15?  THERE is an investment adviser that just got an un-subscribe message!

Granted we have a huge deficit that is going to be difficult to pay.  Granted we have some social problems that are tough to deal with.  Granted this isn't entirely heaven on earth.  Get over it!  This is still a wonderful country where people have more wealth and freedom than most places.  That isn't going to change for a very long time.  I read a blog by an investment adviser who advocates increasing investments in other countries because he believes their rate of growth will exceed that of the U.S.  Ok, I suspect he is probably right (and the headline I'm quoting is NOT his!).  But it doesn't mean that we are looking at the 'demise of America'.  There is a very rich Mexican by the name of Carlos Slim.  Who in the world would think that Mexico would be the basis for the world's richest man?  He's not rich because he is a dictator stealing from the people.  He's rich because he brought the Mexican people things they wanted to buy.  It doesn't matter if the U.S. is the richest country in the world or the poorest; you can still make good investments and make money. 

Ok, sorry about the rant.  When I took the dog out this a.m. we had mostly blue sky but the clouds are filling the valley and we may yet get rain.  Not lots but the odd .001 inch - it ain't much in centimeters either!  Loved the look of the clouds and the mountains though!  Have a good one!

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