Your money will be stolen, to put it bluntly. Stolen by the government.

Bond market equivalents like Clorox are where the action is.

Bonds give nothing like the interest they traditionally used to, however. I have about half stocks and half bonds, by the way. But as bonds come due it’s harder and harder to find any new ones to purchase that are worthwhile unless they are exceedingly long-term, and even those have interest that is quite low in terms of what’s been possible for most of my life before 2008. To lock money up long-term at interest that low doesn’t seem like a great idea, either.

This summer, right before my daughter went to college, I shifted half of her college savings into bonds. I knew in the next 4 years, the stock market was going to be very volatile. Very glad I did that.

My husband, who is in his early 50s, also shifted a big portion of his retirement into bonds. Thank goodness.

I, on the other hand, am looking forward to a further crash, and then I can invest more of my $$ in my retirement account and get more bang for my buck. I have about 20 years before I retire. Plenty of time to ride out a bad stock market shift.

Those who were nearing retirement, should’ve moved a majority of their savings into bonds. If you haven’t yet…I would do that immediately.

Obama was hoping that the trick of holding the fed. interest rate at zero would make it appear as if we were in a big economic recovery. I am no economic expert, but I knew after reading several articles and opinion columns that the gains in the stock market were not real gains. I knew that once Obama left office or right before he left office, and monetary policy returned to ‘normal’ that the stock market would be very badly affected.

China’s problems only escalated that timeline. It is going to get much worse before it gets better.

Buy low. And if you have a lot of time before you retire, you will make a lot of money over the years.

FYI, in 2007 when the stock market was in the tank. I picked up some stock for 50 cents a share. That stock is now around $8 per share. It had actually gone as high as $11 per share. You can make a killing if you watch a few stocks, know what a ‘bargain’ is and buy at that point.

When people who are invested primarily in the US complain about the Fed trashing the dollar I smile wistfully. A weak dollar would put more wind into my investment sails. But it will not be. The fed is actually doing a credible job managing the US currency and the dollar will probably remain strong for a long time.

As for my investments, I’m not overly concerned since market ups and downs are inevitable. Trying to evaluate your net worth with so much of my money is in the stock market is like trying to determine the actual sea level. It is never still but surges and recedes like the waves and the tides. Markets like yesterday bring on a bout of sea sickness, but the tide always turns and the storms always pass.

ZRIP is criminal. It and QE was done, in large part, to repair TBTF banks’ balance sheets.

When I see those rich arrogant mutual and hedge fund managers on CNBC I want to puke. They always get paid based on AUM.

We are f&*^ed.