Quote:
Originally Posted by Exhibitman
Yeah, like Wall Street has such a pristine record of honesty.
Honestly, we can all go in circles over this forever, but the truth is that all this investment crap is the same, just a way to make some money into more money, if it works out. Doesn't matter what form it takes (as long as it is legal); it is all about the Benjamins, and the rest is just marketing and hot air. There is no hierarchy of 'goodness' among investments and there are no absolutes; the suggestion is a fallacy. It just depends on the deal. If some idiot offered me a T206 Wagner at 10% of the going price I would happily drain my retirement accounts to make the deal and screw the taxes, conventional wisdom, etc.; I will make it up on the back end when I flip the card, preferably during the same tax year. Conversely, if someone offered me enough money for my collection, I would not only sell it without a second thought, I would help carry it to their car if they wanted.
Losing both my parents in less than three months this summer really made me think about this stuff. The only things we have that are truly valuable are time and health. Why waste an iota of time or energy being judgmental, envious or resentful?
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Sorry for your losses, Adam. That is so sad and in such a short amount of time.
I am right in step with you on investments et al.... Everything I have of value is an investment, good, bad or indifferent. I get a lot of joy at looking at my cards, not so much my IRAs....
Back to the subject. I will take money out of savings, or an IRA, if the opportunity presents itself. But it won't be to make 10%!
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