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April
25, 2006
Importance Of Knowing About The Economy
Interview
with Peter Navarro, author of
The Well Timed Strategy
|
Mike
Carruthers:
Whether
or not you consider yourself a businessperson or an active investor,
it is important to keep your eye on the economy.
Peter Navarro:
For example anybody who has not refinanced their mortgage
from an adjustable to a fixed rate in the last six months, hasn't
been paying attention to the economy.
Business Professor,
Peter Navarro, author of the book, The
Well Timed Strategy…
Anybody who's
bought a new home in the last three to four months similarly
hasn't been paying attention to the economy. This can be very
costly to people in their personal decisions. People who manage
their own portfolios for retirement, if they don't pay attention
to the economy, they're not going to have much to live on by
the time they retire.
And by paying
attention, Peter says…
Reading the Business
Press, Investor's Business Daily, Wall Street Journal and just
basically tuning in to what's going on with the stock markets
and interest rates and oil prices. After you follow this regularly
you can make good decisions.
Here's a practical
example of Peter's strategy…
In the past three
to four years, what we've seen is basically the rise of Asia.
If you simply had U.S. stocks that were non-energy based, you
didn't do very well. If you had the sense to see the impact
of Asia, you might have invested more in energy stocks- you
might of invested more in Asian stocks.
There's a link
to Peter's website
and his free newsletter on our website: somethingyoushouldknow.net
I'm Mike Carruthers and that's Something You Should Know.
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