Michael Panzner quotes USA Today quoting him, and I'll quote Michael too, since the advice seems sensible...
Predicting tough times ahead, Michael Panzner, author of Financial Armageddon, recommends that investors buy shares of companies that sell stuff that people need to buy no matter what's going on with the economy. Companies that sell soft drinks, tobacco, prescription drugs and toilet paper, for example.
Investors, he says, should play it safe, loading up on defensive stocks, socking away more cash and moving toward the safety of U.S. Treasury notes and bonds.
1 comment:
The population is ageing. Go long laxatives.
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