12/21/2008

Investor Education - More Important Now than Ever

Just stumbled across a new site, Portfolio Strategy News, that I I like.

In his post, Where will the new jobs come from?, Kevin Mahn writes:


"November 2008 was witness to 533,000 jobs being lost in the United States. This represented the biggest single month reduction in jobs in over 30 years and brought the unemployment rate to 6.7% - the highest level it has reached since 1974. These statistics should not come as a surprise and just confirms what many of us already know; we are in a recession that is likely to last through, at least, the first two quarters of 2009. Job losses will likely continue to mount and those individuals already out of work will likely find it increasingly difficult to find a new job."


There's often gloomy news on this site, but I figure it's better to know than to be an ostrich with your head in the sand. Right?

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