There’s no magic solution for funding a retirement in a world of zero Fed interest rates. But we can at least have a few guidelines to hopefully avoid disaster.
Ross: “Buying during the uptrend was a lot of dumb money, running on the policy-makers-will-save-us mantra.”
It really is sounding a lot like 1999 again when day traders expected to make 1,000% a year. It’s also looking a lot like 2007 when stocks were beginning the worst bear market since the Great Depression.
Just realize any money you put into Virgin Galactic is purely speculative. Before you hit the buy button, blow it a parting kiss goodbye. It very well could go lost in space.
Senior loans offer yields of 6%, on average, making them an income investor’s dream, too. But are these loans — which I only recommend holding through a closed-end fund (CEF) — a buy today?
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