June 21, 2015

Well, This is Reasuring

Huh...

Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a "systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock...

...The best strategy to deal with this, he said, was for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. 
But he went further, suggesting it was wise to hold some "physical cash”, an unusual suggestion from a mainstream fund manager.

Emphasis is mine, the quote is from The Telegraph.
 

Not sure if the  cause of this advice is Greece, China or something else.

Posted by: The Brickmuppet at 07:12 PM | No Comments | Add Comment
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