Monday, March 28, 2011

Hedging By Being in Business


When pensions won't cover anywhere near costs, when inflation is killing your ability to pay, to have a significant portion of your warehouse devoted to things people need and want will prove a great hedge.  Organic tinned imported fresh butter will shoot up in price just as everything else does. And you can always trade butter for something you need if cash is not possible. It seems to me that a fundamental part of any asset allocation should be something devoted to self-employment.  If and when things go more south, to have something to trade.  Anyone with any money should be in some sort of business, too. Is it not true, that in addition to what investments you have, you also maintain a small business selling ideas?  A renaissance in small business is not just a good idea, it is a part of the solution to our current woes.


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