Regular readers will recall my most recent "lost decade" post, in which I pointed out that the S&P 500 was not such a good place to make your money GROW long term. You can tell that either I am not totally off my rocker or Doug Short is right off with me, because he just posted about the same thing. Even a CD ladder, even with current (barely) interest rates, would be a much, much better place to put your money - and it has the significant benefit of not potentially losing money, and not requiring brokers' fees all the time.
Now, if you've got insider information *cough*Congressman*cough* maybe you can beat the market. For the average Joe, Certificates of Deposit are the sure bet.
No comments:
Post a Comment
I will review your comments prior to publishing them. Almost all comments are approved and published within a day or two. When you post a comment, Please bear in mind that you are addressing me personally. To be clear: I generally prefer clarity to agreement. Make your point, but be nice about it and don't annoy me, and you will likely see your comments published here.
Comment Moderation Statement