Psst! Wanna Learn How to Make A Small Fortune Trading Commodities?

[davidschroth]

Start with a large fortune when you start trading commodities.

It's Deja Vu all over again.

Just before the start of the Great Recession, I noticed that many of the funds I was invested in as part of my 401-K were asking their investors to approve changes in their "fundamental" investment policies. Specifically, they all wanted the freedom to invest more money in Mortgage Backed Securities.

And we all know how that turned out.

Saturday, I received a mailing from a company that manages one of the funds I invest in through my 401-K. They're looking for approval to change their "fundamental" investment strategy. Specifically, they want to invest more money into commodities and real estate.

I guess it's time to buckle my seat belt...

Comments

[don-fitch.livejournal.com]

Oh, yes, our Government has done practically nothing to even discourage (much less prohibit) another collapse at least as bad as the previous one. Belt-tightening probably won't work, but I don't know quite what to suggest.

As Louis Bromfield wrote shortly before the 1929> Depression, -"Farmers can usually manage to eat reasonably well during Hard Times"- so it might be a good idea to buy, say, 40 acres and learn how to grow vegetables, & grain to feed chickens. And hope that you might sell enough chickens & eggs to pay your taxes.

[dewline.livejournal.com]

Do you suppose someone's decided that inflicting another Depression on as many other people as possible is needed in order to get what they want from the marketplace?

[davidschroth.livejournal.com]

I think Occam (and his razor) would argue that a combination of greed and arrogance are more likely causes than someone attempting to cause another Depression to get what they want.

Mind, I wouldn't totally rule it out - I just think it is much less likely.