Published by Bob on 06 Oct 2008
Take Your Money Out Of The Stock Market Now!
“Take your money out of the stock market now” — Those words from “Mad Money’s” Jim Cramer, to “Today” show’s Ann Curry, this morning!
I read a report about this and watched an online video snippet of the interview a few minutes ago — and I was stunned!
Jim Cramer, is not someone who has anything to gain from telling people to “pull out now!”. — and he seems to be bucking the mainstream media trend of not “rocking the boat” regarding the growing financial crisis. In fact, “common knowledge” seems to be to “hang in there” from the commentators.
Hang in there?
Isn’t that what the CEO of Enron was telling everybody to do just before the bottom dropped out?
I’m not a professional financial advisor — so don’t blame me if my opinion turns out to be wrong — it’s your money and your decision — but it seems to me that the market keeps falling. Common sense would suggest that if the Banks are going to be able to now insure individual depositors up to $250 thousand dollars — up from $100 thousand — your local FDIC insured bank sounds like it could be the safest place to put your money.
If you’ve got more than $250K, open a savings account in more than one bank…
I never thought I’d be writing a blog post like this but too many of us tend not to take the necessary action until it’s too late. There’s a lot at stake here and putting your money in the bank could actually help boost deposits and unleash more money into the credit stream — which would be a good thing right now.
I watched Jim Cramer, very closely and I believe he was very sincere about his warning. You have to do what is prudent for you — I just thought I’d let you know that I felt “moved” to let you know you should be thinking very seriously about your financial position — and how you’re going to protect it.
Now more than ever your prosperity has to be intentional!
“The Intentional Prosperity™ System”