This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

You Can't Always Get What You Want...

NEW YORK ( TheStreet) -- Few people would suggest that Mick Jagger is a good source of advice on lifestyle, especially during his younger days.

But I would posit that Mick got it right with his ionic 1969 song, You Can't Always get What You Want.

As a matter of fact, the metaphor continues with the album name, Let It Bleed, because bleeding is exactly what most Baby Boomer investors have been doing lately.

However, old Mick comes through with ..."but if you try sometime, you just might find, you get what you need."

The notion that you can't always get what you want stems from the realization, by me as well as many others living through it, that the traditional apparatus for building and storing wealth has failed us, and that there isn't going to be a return to "normalcy" any time soon.

Think about what boomers have lived through over the long haul, and in the very recent past. The transition of the economy from manufacturing to service, and the attendant loss of high-paying, secure employment that offered health care and retirement benefits. Two stock market crashes. A 10-year period with zero -- zero -- gains in the market (as measured by the S&P 500).

The collapse of the real estate market, and with it the security that comes from knowing that your largest asset will always be worth more than you bought it for. The attenuation of interest rates to the point where fixed-income has become associated with the idea of no income.

Between inflation and taxes, fixed-income investors are allocating their precious capital for the privilege of simply getting their money back.

There's more of course, but I think these points spell things out pretty clearly.

The source of this malaise is the collapse of what I like to call the wealth storage industry. There's never been another industry of the size and scale of wealth storage -- not autos, or steel or energy -- and it has collapsed both in functionality and in the number of jobs and opportunities it offers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $130.12 0.12%
FB $82.44 2.48%
GOOG $540.36 0.22%
TSLA $248.83 0.19%
YHOO $43.21 0.14%

Markets

DOW 18,076.27 +64.33 0.36%
S&P 500 2,114.07 +4.47 0.21%
NASDAQ 5,099.2310 +22.7070 0.45%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs