Stocks or Offshore Real Estate - What’s more Risky?
Jun 26th, 2008 by Wes
The stock market plunged today, shooting the Dow down to its lowest point in nearly two years, as investors contended with a barrage of bad news: a surge in the price of oil past $140 per barrel and warnings of trouble in the key financial, automotive and high-tech industries. The Dow fell 358.41, or 3.03%, to 11,453.42. The Nasdaq dropped 79.89, or 3.33%, to 2,321.37, while the S&P 500 lost 38.82, or 2.94%, to 1,283.15. Declining issues outnumbered advancers by almost a 6-to-1 ratio on the NYSE, where volume was heavier, but not extremely heavy.
I personally predict a DOW in the 10,000 range by the end of the year. I sold all of my equities last year and moved them into offshore real estate to hedge against this equity crisis. What about your retirement funds? It is possible for anyone to use their IRA money to invest in real estate. Do not let your broker fool you into believing you cannot manage your own money. For information on how to unleash the power of your own IRA money please call or email us.
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