Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Minyan Mailbag: Investing In a Perfect Storm


The slate is being wiped and, in time, benefits will abound.



Your advice has been invaluable over the past year. I do have a question as you look out over the next couple of years. It deals with how to guide the middle market investor as they continue to invest in their 401k for retirement. Obviously, we have waded into the perfect storm where bonds and stocks were battered but how do you guide these folks going forward?

A big part of my job is helping folks plan for future goals and now many are asking what is going to happen now? I am having a hard time answering with the common financial planning phrase of "continue to dollar cost average, the market will come back". It seems that everything has changed and now that major decade long trend lines are broken will it in fact come back? I am really wrestling with how to guide folks in their 401k's and retirement plans at this point.

As you look out over the next couple of years do you see this market continuing to drop like many are forecasting? It is a tough question to ask, I just don't know where else to turn to get an objective response. A lot of folks need reassuring that things will get better. I just don't know that I can give it to them.


Minyan James,

Thanks for your kind words. To be clear, we don't "do" advice because it's impossible to offer advice to a faceless audience without knowing their unique time horizon and risk profiles. The greatest caveat of financial media is that most people want to be told what to do rather than learn how to do it. Minyanville's founding principle was precisely the opposite and yes, we were early on that too.

Give a man a fish, he'll eat today. Teach a man to fish, he'll eat forever. Show a man how to sell the fish he caught and you create the building blocks of societal and industrial change. Therein lies the opportunity of our new world order. The slate is being wiped clean and benefits will abound for those proactively prepared. We simply have to get there in one piece.

Our unfortunate destination is debt destruction but it's yet unclear the path that we'll take to get there. We often speak of Our Wishbone World-deflation on one side, hyperinflation on the other-and the devil of those details are drastically different. That, in my view, is the single biggest potential trap-capital preservation will erode with further dollar devaluation and capital conversion will be a proactive necessity. We'll take that journey one step at a time and monitor it as it unfolds.

< Previous
No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos