my motto as of late has been, "pray for the best, prepare for the worst." if the worst doesn't happen, great! if it does, i'm not caught off-guard and most importantly, i'm ready to deal with what lies before me.
preparing for the worst means listening to and accepting some "scary" information that part of me would much rather choose to ignore. i've come to realize that sticking my head in the sand is not an option, for me anyway. when i opened up to new "crazy" information, i soon realized sticking my head in the sand is far more scary than accepting what is and doing something about it. knowledge is power when applied.
one way john and i have been preparing is stocking up on wholesome foods. many reliable sources are warning of inflation, especially with our most valuable commodity - food. i've already noticed prices going up, slowly but surely.
in my opinion, the best investments one can make during these times is in food, land, and precious metals (and your self, which is a topic for another post). these things will always retain value, no matter what state the economy is in.
believe me, i hope i am dead wrong about inflation and needing to stock food. as i said before, i pray for the best, but prepare for the worst, the best i can.
"The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails." - William Arthur Ward
how do you feel about investing during these times? do you stock food and supplies? do you feel our economy will recover after our second shot at quantitative easing? where do you find your information on current events? do you trust the mainstream media?
i'd love to hear your thoughts!