5:49 am August 1, 2011, by Henry Unger
Where do you put your money now?
World stock markets jumped Monday after President Barack Obama announced a last-minute agreement to raise the government’s debt limit and avoid a default, Associated Press writes.
Recently, stocks have tanked because of the uncertainty of whether a deal would be reached.
Even though the compromise was broadly hailed for coming up with a long-term game plan, many economists think it will weaken the already weak economy in the short-term as government spending retreats.
So where are you putting your money?
In stocks, because corporate profits are increasing substantially?
In bonds, because inflation is not likely to raise its ugly head since the economy is struggling?
Diversifying with both, as well as through domestic and international offerings?
What’s your strategy?
(Also, Financial Planner Wes Moss offers his perspective on the Atlanta Bargain Hunter blog.)
- Henry Unger, The Biz Beat
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