I’ve added an article to the Safe Investing Now! section of the site titled The New Great Depression Will Not Last Long.
Juicy Excerpt: I’ve been writing on the internet about the dangers of Buy-and-Hold Investing since May 2002. I’have seen it all. I’ve had old friends of mine threaten to kill my wife and children. I’ve seen web sites set up for the sole purpose of ridiculing me and intimidating me. I’ve been banned from discussion boards and blogs where I had been a widely praised and widely loved community members for years before I started posting about the dangers of Get Rich Quick investing strategies. I’ve had my means of making a living taken away from me because I dared to accurately report the numbers that people use to plan their retirements. I’ve had big-name experts in the field tell me that they love my work but then add that they don’t want to be associated with me in any way because they have seen the intensity of the hate directed at those who speak honestly about the realities of stock investing. I think it would be fair to say that I am the world’s leading expert on the emotional pain felt by Buy-and-Hold investors in the process of coming to terms with the long-term consequences of their many acts of financial self-destruction.
As the world’s leading authority on this sad matter, I have some good news to impart: It’s getting better!
I haven’t been banned at a new board or blog for six months now. That’s never happened before! I have recently been invited by several bloggers to write Guest Blog Entries for them. That’s never happened before! I occasionally today see reasonably long comment threads appear at the three weekly columns I write on the dangers of Buy-and-Hold. That’s never happened before!
Things are changing.
Why? Because that’s the way it goes with the humans. We have a hard time letting in painful information. But eventually we get around to it. This is the fourth economic crisis that was caused by the widespread promotion of Get Rich Quick strategies. We didn’t come to terms with our mistakes quickly on the first, second or third times either. But we did eventually. We will come to terms this time too. It’s always darkest before the dawn. That’s because it is the darkness that scares us into doing what we need to do to bring on the light.
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