IS MAIN STREET LIKE WALL STREET? That's the big question facing chauffeured operators nationwide as the U.S. financial sector skids into an irrational, full-blow panic. LCT Magazine would like to hear from operators. What's going on in your area/market? Is the sky falling? As an industry, it's important to get the right perspective and the right-sized picture. Whatever drama plays out in the media, it's the daily grind that tells the most truth. Please e-mail us at martin@lctmag.com or jon@lctmag.com, or just post an observation or comment below.
FINANCIAL TIP: Any investment advisor who down-played investments in gold or gold-related mutual funds since the early 2000s has been proven a moron. It's also interesting to note how the "grandma and grandpa investments" of gold, CDs, bonds, Treasuries, blue-chips, and just plain old cash in the dresser have proven right. And how gambles in home equity loans, real estate speculation, exotic fringe mutual funds, restaurant stocks, and global/international mutual funds have proven. . . well, less reliable than a slot machine in an Atlantic City casino. -- M.R.
Print | posted on Friday, October 10, 2008 12:23 PM