Viking

My strategy today is simply to keep what I have = capital preservation. I think people are wayyy to optomistic about how cheap the market is, how cheap companies are etc etc. Yes, in 12 months we will look back and there will have been certain sectors and companies that will have done extremely well. Individuals who invested in said companies will have performed very well and may attribute it to skill. I think we are in a very dangerous time. Paradigms are shifting. What was 'common sense' will no longer be so. This is not a regular recession. Cash is king. We are no where near then end of the pain... how can one 'invest' right now and not have a better understanding of whether we are in the 2nd inning or the 7th inning of this mess?

Packer, I see the amount they have fallen and also am tempted. But I wonder if asset prices continue to fall (i.e. stocks and corporate bonds continue to fall in value) and with treasuries at such low yields are life insurers still too speculative to consider as a sound long term investment. Sorry for not answering your question!

I agree with what CM proposes... However, US politics appear to be so divided (kind of like BC politics) and so interest group driven I do not have much confidence that his advice will be taken seriously.