Investing These Days
I'm hardly a stock market analyst. Money for retirement comes from deferred compensation, savings in banks, and a few stocks and bonds that I have bought over the years. I cashed my first check from an employer when I was a little bit over fourteen years old.
These days I realize I've been fortunate to have a pension and have just started receiving social security benefits.
My investment advisor thinks we might be better off raising some cash. I wonder what is he thinking. Maybe a stock with a small dividend has risen in price since 2009, selling it would raise cash but then what do you do with the cash? Buy a new car, fix up the old apartment, go on a vacation, or park it in a savings account, while waiting for a market correction.
Warren Buffet is sitting on a ton of cash, George Soros is betting the market will be going down, and who knows what the next big short will be.
From a book titled Can You Win, the first chapter is Life Is A Gamble, is sprinkled with wisdom like:"I hope I break even this week, I need the money." Or bet on a horse it's gambling,betting you can make three spades in bridge is entertainment, and betting the stock market will retreat is business.
The comments on CNBC sound increasingly like "I've got the horse right here, his name is Paul Revere, Can do, Can do, from Guys and Dolls.
Will Rogers said "I'm not so much concerned about return on my capital as I am return of my capital."
These days I realize I've been fortunate to have a pension and have just started receiving social security benefits.
My investment advisor thinks we might be better off raising some cash. I wonder what is he thinking. Maybe a stock with a small dividend has risen in price since 2009, selling it would raise cash but then what do you do with the cash? Buy a new car, fix up the old apartment, go on a vacation, or park it in a savings account, while waiting for a market correction.
Warren Buffet is sitting on a ton of cash, George Soros is betting the market will be going down, and who knows what the next big short will be.
From a book titled Can You Win, the first chapter is Life Is A Gamble, is sprinkled with wisdom like:"I hope I break even this week, I need the money." Or bet on a horse it's gambling,betting you can make three spades in bridge is entertainment, and betting the stock market will retreat is business.
The comments on CNBC sound increasingly like "I've got the horse right here, his name is Paul Revere, Can do, Can do, from Guys and Dolls.
Will Rogers said "I'm not so much concerned about return on my capital as I am return of my capital."
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