Yo-Yo Wealth

Those financial gurus, who are proclaiming the fact that the stock market has jumped upward in the last two days’ trading means that the bad times are over, are very naive, as well as idiotic about investments in general. Any investment with the kind of volatility of the stock market, that can increase or decrease in value by three to five percent in a single day, is not the way for anyone to accumulate wealth without incurring ulcers or chest pains. Multipy that by 365 to see what it is on an annual basis.

Just as with dieting, it’s safer all around to get rich slowly than to shoot for the get rich (or poor) quick schemes. Just something to keep in mind as the roller coaster ride continues, as it will.

KMK

Cyber-Panhandling

The number and variety of people using the web to beg for money have grown considerably since I last mentioned it. I guess as long as both sides are being honest about what’s expected from the other, there’s no harm. As one person in the story says, it’s better to see money go directly to someone in need than to a large bureaucratic charity that gives very little to real people with problems. That’s a familiar sentiment.

KMK

Same Picture, Different Message

I’m sure this cartoonist intended for this to be another jab at capitalism, with the obvious solution being more government control. I see a very different message here. It is is dangerous to trust your career and retirement to others, including corporate executives, politicians or government bureaucrats. The answer is to control your own destiny with your own business and your own self controlled retirement plans.

I Can’t Resist This

It’s tough having the same name as a liberal Democrat.