ArabianMoney correct as eurozone debt deal falls apart but what next for investors?

The ArabianMoney investment newsletter published yesterday joined George Soros in saying that the eurozone crisis was far from over, something confirmed today as financial markets tumbled again on news that Greece is to hold a referendum on its debt deal, an action almost certain to trigger a default.

European leaders who worked late into the night last week to reach this ‘final’ deal must be fuming but now they really do have a crisis on their hands, and the collapse of MF Global over the weekend due to its failed eurozone positions showed just how quickly this contagion can spread.

Survival tips

The growing number of ArabianMoney investment newsletter subscribers (subscribe here) have a series of survival tips to follow in this month’s edition which draw heavily on past experience of such difficult periods for financial markets.

It is not just a matter of keeping your head while all those around you are losing their cool. There are bear market ETFs that rise when markets fall, and ArabianMoney has a basket of recommended ETFs for subscribers only.

Then again you have to take a view on how long this process will last and what the eventual outcome will be. With the Mayans predicting the end of the world in 2012 you cannot be too cautious in this environment.

Safety first

Preserving capital becomes far more important than trying to make it by putting money at risk. In such treacherous markets the safe bullish view after the summit last week can very quickly blow up in your face.

However, we are unable to give strategic advice on specific investments suitable for the current markets to non-subscribers and for legal reasons have to keep them for our paying subscribers.