It is never wise to bet against the American economy long term. Warren Buffett tells us this and I listen.
Amid the roiling economic times of the spring and fall of 2009 I decided to invest more in America, literally. I didn't select exotic companies to add to the range of diversified mutual funds and other investments. I had a firm belief that our economy would recover and people who were running scared from the markets and long-standing American companies were fools.
On August 11, 2009, I purchased shares of General Electric at $14.43. As of Friday, Nov. 19, 2010, close, they were up 12.43 percent to $16.22
On October 23, 2009, I purchased shares of Union Pacific at $58.97. As of Friday, Nov. 19 close the UP stock was up 55.71 percent to $91.82.
On Aug. 21, 2009, I purchased shares of Sirius-XM at $0.85. As of Friday, Nov. 19, 2010, they were up 63.68 percent to $1.40 a share.
These are basic American companies -- household names.