***WHY I AM SELLING EVERY STOCK I OWN AND PUTTING MOST INTO GOLD AND CASH!***
Länk: theweeklytelegram.com
August 1, 2012
The markets are absolutely out of control. Today, Knight Capital plunged. A bunch of stocks went haywire at the open all due to this algorithmic high frequency trading nonsense. As you can see from the chart of Knight Capital above, it was total devastation. Did this effect me or any of the stocks I own? Not at all. But guess what. I am selling every stock I own. Yes, this may seem like a surprise to many. Heck, it’s a surprise to me! Why am I making this decision? Because enough is enough. I have had an excellent track record making money in the market for over a decade but I am scared as hell to lose it. I used to think that if you just own stocks in your name, you will be fine. Well, as you know, most of my wealth is in Coca Cola. Two days ago I sold it all. Then, a few hours after I sold, I went to computershare.com (the transfer agents website where I sold), and this is the message I get from their website:
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