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Heck, even dead psychic Edgar Cayce knew the market was going to tank and pretty much anyone else did that follows the news and does a little due diligence with regards to these markets.

What I don’t know is what’s going to happen next.  The Fed’s 75 basis point “emergency” cut leads me to believe things are getting really bad now.   This is also happening at the worst time possible, election year+boomers retiring+high inflation+housing deflation = mega mess.

I’m primarily in cash, a little energy (UNG, OIH) and a little diversified international (EEB) ETF and I believe these investments will be stable or do well over the next year or so but who the heck can be sure?

On the very positive side, looks like there is no point in paying off my mortgage as the Fed cut will likely end up making my ARM adjust downwards from 5.25% to maybe 4% over the next few months.  My next adjustment isn’t until May or June so we’ll see how low the Fed cuts rates by then.   This will free up more cash to invest but invest where?

Looks like 0% APR offers might come flooding back into the market too.   Even more cash to invest but where?