There Must Be Fifty Ways
I was struck how much money you would need to have in the bank to get $20,000 in interest these days. Seems to be about $2,000,000 at the blistering interest rate of 1%. I missed the run up in gold but am sure that gold has very little nutritional value and eventually will need to be sold to buy food, shelter, and transportation.
The recent volatility in the stock market says something for diversification, but the way the market is moving doesn't give me much confidence in the old buy and hold saving/long term investment ideas I grew up with.
I'm getting convinced that much of the balancing of the budget on the back of public employees will not help grow jobs. Even people who work in the private sector sometimes don't understand the value of economic activity. Advertising pays for much of the news we read and yet there are many that would eliminate even the ads we endure on the net. Who will collect and write about the news. And the current campaign against public education also throws the baby out with the bath water. If most people can't afford a more expensive private education which in most cases is only marginally better than a public education are we better off. I say no.
And finally in the land of foreclosures and no income, no job, and no asset loans the value of my home went up very, very slightly while my tax bill went down. The slow burn of assets will continue as people confuse investment with something that looks more and more like a big casino. All in the name of providing a market. Do you believe tomorrow will benefit those that bet on black, red, or the zeros.
The recent volatility in the stock market says something for diversification, but the way the market is moving doesn't give me much confidence in the old buy and hold saving/long term investment ideas I grew up with.
I'm getting convinced that much of the balancing of the budget on the back of public employees will not help grow jobs. Even people who work in the private sector sometimes don't understand the value of economic activity. Advertising pays for much of the news we read and yet there are many that would eliminate even the ads we endure on the net. Who will collect and write about the news. And the current campaign against public education also throws the baby out with the bath water. If most people can't afford a more expensive private education which in most cases is only marginally better than a public education are we better off. I say no.
And finally in the land of foreclosures and no income, no job, and no asset loans the value of my home went up very, very slightly while my tax bill went down. The slow burn of assets will continue as people confuse investment with something that looks more and more like a big casino. All in the name of providing a market. Do you believe tomorrow will benefit those that bet on black, red, or the zeros.
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