An incredibly daunting thought, wouldn't you agree? Well, these are some of the words from a trader who was interviewed live yesterday by the BBC.
Mr Rustani cast his opinion over the current economic climate in an interview that caused "jaws to collectively drop".
He also had this to say:
"The 1930’s depression wasn’t just about a market crash, there were some people who were prepared to make money from that crash and I think anybody can do that. It isn’t just for some people that are the “elite”, anybody can make money. It’s an opportunity."
"I would say this to everybody who’s watching this. This economic crisis is like a cancer. If you just wait and wait thinking this is going to go away, just like a cancer is going to grow, it’s going to be too late. What I would say to everybody, is get prepared. This is not a time for wishful thinking that the government is going to sort things out. The governments don’t rule the world, Goldman Sachs rule the world. Goldman Sachs do not care about this rescue package and nor do the big funds."
"The first thing people should do is protect their assets. In less than 12 months, my prediction is that savings of millions of people are going to vanish and this is just the beginning. I would say be prepared and act now. The biggest risk people can take now, is not acting."
To see the interview, follow this link: http://www.youtube.com/watch?v=lqN3amj6AcE&feature=feedf
Our thoughts...
Let's remember this is the opinion of one person who has made some very bold statements. However, not acting to ensure that your money is working for you, could be very risky. Getting as much advice at the moment is crucial and acting on that advice is a must.
Many investors are now looking towards tangible assets such as bricks and mortar, land and precious metals.
Our partner's at Diligence have a range of property investments that may suit your needs in the current climate, so why not take a look at the opportunities that are available?
Resort and hotel investments...
Maybe you'd like to consider an overseas property investment in countries such Cape Verde, Grenada, The Dominican Republic, Barbados, St Lucia, France and Brazil? Each investment offers something different, including guaranteed rental income, huge growth potential, free personal use each year and even the option to invest a through a SIPP to aid a poor performing pension!
Florida property...
How about taking advantage of market conditions in the USA? Our partner's investment in Florida offers 7-9% NET yields with properties starting at £36k and it's completely hands free!
Green Investments...
If you're totally adverse to anything property related, maybe a "green investment" might be of interest? There are superb returns available where you can invest from at little as £5k and you're helping the environment at the same time!
