Quote:
Originally Posted by Vendzilla
My mom has a couple pensions and has some money in IRA's and CD's , because of the interest rate the government puts out, you're lucky to get above 1% on your savings, so the people that acted conservatively with their money are fucked
|
I don't think that's proven to be true in the 2000's... how many "houses" can her safe investments buy now? How much commodities?
Cash is king, imo and will be for a few more years. It's the hardest thing to not chase yield, but that's what got everyone so fucked in the first place and what continues to set people up for a killing now (ie; investing in muni's and higher yielding corporates many of which will go bust).
It's time to focus on the return OF your capital; not the return ON your capital.