Tuesday, January 4, 2011
The worst stock tip you'll ever get
I firmly believe that if you are an American and you are over the age of 35, you owe it to yourself and your nation to buy stock in some of the nations companies. People sweat it out looking for the best stock and sweat it out as to whether to buy or sell only looking at their returns. This is not the way to invest if you are patriotic. Buying stock is NOT A GAMBLING situation. I have no tolerance for any shirtless insolent who tells me that owning stock is gambling. I have heard it dozens of times in people who are not in the market and in all likelihood will never get into it. Owning stock is about OWNERSHIP. Its not the way to make your money grow although that is certainly a nice fringe benefit. Being an American, we are afforded freedoms in a free society. Our society is established with the usefulness of commerce, trading and investment. If you want to participate globally in humanity, the only way to get a certificate of ownership is to buy stocks. Mutual funds are not stocks. I personally own 7 different stocks at the time I am writing this passage. You dont even have to own a lot of stock to be an owner. An investment of say 150 dollars will ensure that you have a seat at the table, albeit likely not a very influential seat. Why does this matter? Stock ownership ensures your permanence in the eyes of your fellow man as to whether you have faith in capitalism. If you do not have any stock and you are over 35, why not? Just one stock shows faith. It doesnt matter if the stock goes up or goes down, you still own it. Unless the stock goes bankrupt, you own stock. You can sell it any time you want.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment