This should be a no-branier.
In fact, if you are a homeowner you probably have fire insurance. And, if you have a mortgage, your lender most likely requires you to have it.
But how many of you have insurance on your investments?
(Right now, some of you are thinking…Huh?)
If you follow the overkill sentiment in today’s Lame Stream Media, you have to assume that the market is overdue for a correction, Right?
So, what are you doing about it?
Don’t get me wrong. I believe we’ll see the markets take a big hit…eventually.
What you’re seeing in the media today, proves an old Wall Street saying: “The markets move in the direction that frustrates the most people.”
You’re witnessing the most hated Bull Market in history. With few exceptions, everywhere you look you see calls for a crash.
Okay, let’s assume the majority is right. (The majority is almost always wrong about the market…the 1% elite counts on it)
Have you insured your portfolio against major losses?
The talking heads on TV tell you to “buy puts on the S&P” or buy the VXX (known as the volatility index or “VIX”) to protect yourself.
How’s that strategy worked out so far?
To illustrate my point, over the last five years the VXX is down over 94% and the last 10 years, down 98%.
Remember, Wall Street’s sells fire insurance to benefit Wall Street. And they’ll do whatever it takes to convince you to buy it.
There are many better ways to insure your portfolio than what the media presstitutes tell you.
We’ll share some with you in the next issue of Simplifying Wall Street in Plain English.
So, become a Premium Subscriber now before the fire.