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    Actions Speak Louder Than Words

    by Chris Martenson

    Monday, September 5, 2011, 4:57 PM

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One of the key tenets around here at PeakProsperity.com is that you need to trust yourself. The ‘advice’ we receive from Wall Street and its financially captive press about what we should do with our money is really not advice; it’s marketing.

Wall Street makes money by selling stocks and bonds to whomever: pensions, retirees, moms, pops, young workers, endowments…it doesn’t really matter. The name of the game is for you to buy and then hold onto those purchases.

So when the markets hit the skids, you see endless ‘articles’ offering this very (un)helpful ‘advice’:

With the recent headlines and stock market volatility, you may be wondering if we are seeing a repeat of the market activity of 2008. This is one of the hardest parts of being a long-term investor. It’s easy to stay the course when markets are rising. It’s harder to stay the course during declines and view them as potential investing opportunities. But that’s what being a long-term investor is all about.

Remember: Stay invested – A diversified portfolio of quality investments is a sensible strategy during volatile markets.

(Source – AG Edwards client letter) 

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