The stock market is looking far closer to a top than a bottom right now. I highly recommend selling any and all stocks and mutual funds immediately to avoid losing 50% or more of your wealth.

If you are invested in stocks or mutual funds, chances are you got whacked in 2008.

As the saying goes, “Fool me once, shame on you. Fool me twice, shame on me.”

In September 2007 the stock market was topping and I produced this timely youtube video warning viewers of the imminent risk. The next month, the stock market topped and by the time the market had found it’s (temporary) bottom, investors had been devastated — most losing more than 30% and some losing as much as 70% of their wealth.

Since March 2009, many stocks have doubled and some have tripled from their lows. If you had been following the lead of my favorite investment forecasting service, Steven Kaplan of www.TrueContrarian.com you would have experienced these amazing returns in your portfolio. Even the benchmark S&P 500 and Dow Jones indexes have rallied about 70% from their March 2009 lows.

Of course, most people thought it was too scary to invest in early 2009 when in reality it was the best investment opportunity since the Great Depression era (which Steve predicted). Now, several months later, many believe the worst is behind us and the stock market is safer place to be invested. Nothing could be further from the truth.

If you would like to avoid the pain you experienced in 2008, be sure to learn from your experience rather than repeating it. Call your stock broker or investment adviser and assertively insist that they sell your all your positions and move 100% into cash. Don’t take no for an answer. You are the boss. It’s your money.

After reading Steve Kaplan’s daily email updates for a couple of months, you’ll fully understand the truth about how the investment markets work and may then choose to follow some of his investment recommendations. In the mean time, cash is the safest place to be.

I am not compensated in any way for recommending TrueContrarian.com. Steven Kaplan has earned my trust the hard way by providing timely information, outstanding results, along with the highest level of integrity. His daily update service is only $150 per year. If you’d like to avoid the pain you experienced in the stock market crash of 2008 (which Steven predicted and profited from) then subscribe today.