Feb 24, 2015
Jason Burack has come up with his three most important rules for investing in The New Normal or as we like to call it The New Economy. Unless you've been holed up in a cave in a state of suspended animation like a hibernating monk, you know that things have changed, both in the US and around the world. The rule of law has eroded and we're living in an era of increasing lawlessness. That's why Jason's rules are so important. Here they are.
1. Politicians and governments can and will change the rules anytime they want perhaps on a daily basis
2. Because of rule #1 people should not go "all in" on investing in any one asset class or investing in only one country or company. At least some real diversification is important to protect against known unknowns or unknown unknowns.
3. People should focus on creating as many possible income streams as they can from owning different investments and businesses to protect themselves to survive and thrive whatever is coming in the future thanks to the myopic stupidity and rent seeking behavior of parasitical central planners, politicians, bankers, government bureaucrats, etc