|The downturn in the market has nothing to do|
with economic conditions, and everything to
do with people finally acknowledging that a
bull would never beat a bear in a fight
Of course, this is all "tongue-in-cheek" commentary (whatever that means). I'm no market analyst, and Stock Market Today was just the first site that came up on a Google search. In fact, I only bothered to link to them because the various percentages I've noted were legitimately taken from their site. You'll have to forgive me for getting carried away in my fervor. You see, I'm in an investing mood. For some time now my savings account has essentially sat dormant, gaining next to nothing in interest per year, but I finally woke up and realized that those finances have not earned a rest, and must be put to work. It's like having a teenage son who has grown over time, and suddenly you look and see that he is bigger than you realized, and he is loafing on the couch. So metaphorically speaking, I'm taking my teenage savings account and telling it to get a job, for the love of God, and to start bathing more regularly. Time for Savey to start earning its keep.
|Hi! I'm very trustworthy, as you can tell by the way I'm|
holding my pen as if I'm preparing to jam it into the side of
Fortunately, I do have enough sense to say "Ouch" when slapped in the face, and so I decided that it would be a good idea to figure out some ways to put my savings to use. Being a fairly conservative person in general, leaping headlong into the world of stock trading holds no appeal for me. And truly, I struggle a bit to evaluate the various investing options and determine which ones are the best deals. But I figure that even if I invest conservatively, and even if I'm getting an option that has slightly higher fees than another option, earning some money is better than earning no money.
|Paying dividends, pronto (uomo)|
A wise man once said "You have to spend money to make money," and he was probably talking about spending money on a suit so that your financial advisor knows you mean business and consequently leads you to the best investments, thus allowing you to make money. While a common investor may get taken for a ride, so to speak, a suited investor will get taken for a ride in a convertible. The common investor will wonder if the questions they are asking are appropriate and sensical, while the suited investor will confidently plunge ahead with inappropriate and nonsensical questions. The common investor will hesitantly sign on the dotted line to transfer their money to a new account, unsure of their decision, while the suited investor will dash off their signature with a devil-may-care attitude, and then pocket the bank's pen. Are you getting the idea here? To boil it down, the common investor is in the passenger seat the whole time. The suited investor is in the passenger seat......but in a convertible!
|Depending on how you look at it, you can be in the|
passenger seat...and still be in the driver's seat.
Fortunately, I don't have to worry too much about spending that extra amount on my suits. Because after I make my new investments and start generating some interest on my savings, there should just enough to cover those little extravagances.