Believe it or not, I’m not always a harbinger of doom.
Today I have a recommendation for you that’s nothing but positive.
My suggested portfolio is 10-20% cash (the same amount I allot to gold, so you know I’m a cash fan). Here’s what I suggest you do with yours.
The securities I’m about to discuss are far safer than the bank. (Especially if you have cash in one of these disasters.)
They’re extremely liquid.
And I prefer them to cash because when you hold cash at a bank or a brokerage firm, you can become a general creditor if the firm goes bankrupt. But if you own these securities, you are a creditor of the U.S. Government. That makes them virtually risk-free (at least for now).
They are low return (after all, there is no yield on cash these days), but still better than you’ll get from the bank.
And they’re very, very safe.
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