Sunday, March 31, 2013

Episode 121, What Should You Do With Your Money?

Is the failure of the Cyprus banks and the rumored 40% haircut taken by depositors with assets over 100,000 Euro a harbinger of things to come?

If you have managed to accumulate a nest egg, or if you are in the process of doing so, just what should you do with it to keep it safe?

Is time-honored investment advice from "financial planners" still valid? Or is the "diversification" they advocate just a small and surprisingly risky slice of the investment opportunities available?

And what are you really doing when you make an investment? You're placing a bet on what you think will be valuable at some point in the future, right? What will be the value of emergency cash, municipal bonds, and company stocks, the spectrum of conventional financial diversification, in the event of a general collapse of the economy and society?

In this podcast I explore alternate forms of accumulating and preserving value.

Also, this is the first show recorded on Liberty Ridge, the soon-to-be location of Shrugger Studio. You might hear a light gust of wind in the microphone now and then, or a bird calling as he flies by. I recorded this show on the porch whilst enjoying a perfectly beautiful day (as pictured, left).

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1 comment:

  1. Pete, another great episode thanks. One issue: I can not get my Android (HTC) phone to play the content, or even browse the the MP3 file from your link. I have no problems with my iPad or PC. I'm not sure if this is a blogspot issue, but any help appreciated as I had to wait until I was back home before I could listen to this one - would have been great on a long drive.