I think your point about too many people buying into aphorisms is spot on .... just look at our current mess. It seems that at *every* juncture, someone was there saying "of course this asset can't go down - it ALWAYS goes up!" That's one of the frustrating things about personal finance: you can do everything "right" and still end up in pretty bad shape through no fault of your own. We can only manage risk - we can't get rid of it.
Laura
· 9 months ago
Good post Steve, all so very true.
Moneymonk
· 9 months ago
I think creating more income streams is crucial, so long are the days of saving money, finding a good job with a pension.
new days, new rules
Mikey B.
· 9 months ago
Excellent post. I think this is the best one you've written in a while. This sums up exactly what I was thinking today while on my lunch break.
PS - You forgot about global warming and the impending environmental disaster associated with it ;)
All Comments
new days, new rules
PS - You forgot about global warming and the impending environmental disaster associated with it ;)
Things are not quite that bad.