Sadly, the U.S. economy has been in recovery mode for almost five years, and despite the trillions of dollars in economic stimulus, more Americans are actually worse off. Unless jobs, housing, and poverty levels are indicative of an improving U.S. economy and the Federal Reserve looking out for Main Street more than Wall Street, then things are not going according to plan.
Instead of looking at companies that provide products and services people want, it might be a better idea to consider those companies that provide products and/or services people need, such as a utility exchange-traded fund (ETF) like Utilities Select Sector SPDR (NYSEARCA:XLU)
It may not be popular right now, but with the U.S. economy on dubious footing, it’s a good idea to keep precious metal ETFs on your radar, like the Power Shares DB Precious Metals (NYSEARCA:DBP) ETF.
Despite the so-called improving U.S. economy, investors looking to add depth to their retirement portfolio might want to do the opposite of what the Federal Reserve is implying.
This article is brought to you courtesy of John Whitefoot from the Daily Gains Letter.