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From the desk of Paul Nichols: President of Financial Abundance Inc.
I originally heard the question why not you, why not now in 1992 at a business function. The billionaire Richard DeVos was speaking, where afterwards I had an opportunity to sit down and spend some time with him.
From the desk of Paul Nichols: President of Financial Abundance Inc.
In a recent article Warren Buffett wrote:
“THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So… I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
From the desk of Paul Nichols: President of Financial Abundance Inc.
I’m sure the thought has crossed your mind, especially with the roller coaster stock market we are currently experiencing. “Why not just put all of my investments in cash, just until the market stabilizes?” Many investors are acting on that thought. Through the first six days of October, $19 billion was pulled out of mutual funds that invest in United States stocks. That’s equal to the ENTIRE MONTH of September 2008 according to TrimTabs Investment Research.
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