Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

June 9, 2019 | The Future – Which Door to Enter

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

QUESTION: Good day Mr. Armstrong, I have been a student of yours since 2001 and am always amazed at your work. I am not one that can afford to go to your seminars, but would love to know all that you discuss there. Could you write a book about what all is discussed there?

My question is, I am in the process of moving from California, due to politics and their financial mismanagement. I am in escrow, but I am afraid of where to put my money from the sale of my home, it is my retirement, as I have put all of my savings into the home over the years. I plan on moving to a location with lower taxes and lower home prices and purchasing a home much less in price and save the rest of the money in case social security runs out. Are banks going to be a safe place to put money, or maybe a high paying dividend stock, or should I just bury it in my new homes backyard?? This is really quite frightening as I do not want to be forced out into the streets as a poor person after working hard for 65 years! We are very, very frugal so do not need a lot of income, just do not want to loose what we have. Thank you so much, and sorry to bother you, as I know you are very busy.

Bill

ANSWER: U.S. banks will probably be safe in general for the next two years. Just anything you put in a bank, do not lock it in long-term. Stay short-term — 2021 is where things start to go nuts.

As far as good equities, we will be in a position to look at that next year. As far as places, look at Texas or Florida. Florida has the better place for housing (homestead). Also, there is a high concentration of retired people in Florida. That provides greater resistance to dramatic changes.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

June 9th, 2019

Posted In: Armstrong Economics

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.