Wednesday, October 22, 2008

Long term investments!?! Not anymore!

Take this with a grain of salt. Do not touch your retirement account. Keep that in mutual funds with a financial planner glancing at it every so often. You don't want to think about it.

The money you want to use to make some immediate money needs to be available to wake up each new week day and make even more money. It can't do that if it is tied up in a long term investment. Not only that it is against Rule #1, so throw it out the door.

But but but I think stock A is going to go to the moon in T-minus 5 seconds. Well, then if you know of such a sure thing then put your money where your mouth is and go do it.

This is exactly where people lose their ass. People also made serious bank here. There are always 2 sides of the coin. If you get stuck with the bad side, then you are stuck in the reality that you fucked up. There is no reset button.

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