They should be ashamed of themselves:
* Financial planners and investment advisors who know this crisis could last for years — and who still urge you to buy the stock of companies that a blind man could see are at death's door ...
* Mutual fund kingpins that cavalierly throw your hard-earned money at real estate and construction firms ... automakers ... banks and other companies they know are doomed ...
* Managers at trust funds, pension funds, retirement funds and college savings funds who make themselves richer investing your money in things they know will probably only make you poorer ...
Where do they get the nerve to charge you outrageous fees after they've destroyed your wealth?
Every schoolchild in America knows we're in a recession. Every New York taxi driver knows that banks, insurers, oil companies, automakers and consumer companies are getting killed.
And yet dozens of supposedly smart managers like Fisher Investments, Merrill Lynch, Morgan Stanley and bank trust departments are buying and holding investments that have plunged 50% ... 60 % ... or even up to 95% IN THE LAST 12 MONTHS ALONE.
Just look at these losers in their portfolios ...
* Citigroup: DOWN 94% ...
* AFLAC: DOWN 74% ...
* Occidental Petroleum: DOWN 45% ...
* GM: DOWN 95% ...
* Target: DOWN 48% ...
It would be laughable if it wasn't so tragic: With brain-dead investments like those, it's little wonder why, with the markets down about 40%, America's 25 largest mutual funds are down MORE: An average of 55.1%.
But WHY are all these supposedly smart investment experts making such boneheaded moves?
The answer is clear:
They're still using BULL market rules
to invest in this BEAR market!
That's a shame. Because with the right investments, each of the 50% losses could have been a 50% profit ... and each of the 90% losses could have been a 90% profit — all by applying our 11 bear market laws that have made investors rich in previous crises ... and that empower you to confidently use a similar approach to grow your wealth even in the worst of times.
And to help you do just that, I've just scheduled a very special — and completely free — online event ...
Sent from my BlackBerry® smartphone
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