We recommend the opening of 1/3 to half sized positions in ITA and Fidelity Select Defense and Aerospace (FSDAX).
Both funds have fallen more than the market. Valuations are very reasonable and essentially recession proof. They are dependent on government printing presses, the ability to tax, and the ability to whip a nation's citizens into a frenzy over real or fictious enemies.
We see only increased global tensions and the purchase of many more weapons.
At Creative Destruction we are dedicated to free market principles and believe that society is best served by free markets for free men. We will attempt to guide investors through the market minefield with an acute sense of history and the geopolitcal environment. We will highlight value and special situations propositions that offer investors highly attractive upside/downside ratios. We specialize in emerging markets and commodity investments.
About Me
- Schumpeter's Gale
- A macro economist that believes in freemarkets. Above all investor psychology supercedes traditional ideology such as growth versus value.
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