- Joined
- Oct 4, 2011
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Well I understand that. I'm not that convienced either that the ponzi scheme that we call the stock market is the smartest way to invest ones savings either. I have a very small IRA account that is in stocks, but thats all.
Most of my savings is invested in my business. the commercial property that I operate my business out of (I also have a little rental income attached to that), my manufacturing equipment and inventory, etc. If one doesn't have the stomach to invest in the stock market, then maybe investing in commercial real estate (please buy after prices have declined, not after they have reached record levels), or rental houses, or in your own business is in order.
Now if you can't tollerate risk at all, then maybe the bank is your best place to put your savings, you just have to accept the fact that in exchange for relative saftey, you will pay the price of inflation. Oh, and you do realize that when you put money in a bank account, your are effectively loaning it to the bank don't you? thats why they pay you interest on your savings account. don't you have some sort of religious thing against loaning money?
Well, it's either that, or I keep it under the mattress.
Now, me, I have bonds. Great move, right, lol?
But most of my money gets invested in my house. New England property values are STILL stupif high, and I don't see that changing anytime soon.
But for the rest of america? By your own admission, it's start your own business to invest in, or join the ponzi scheme that is the stock market...or be stupid, and put it in a bank.
Again, listen to how that sounds. You see no problems here?