4 ms·
Stock investing takes maybe 20 hours a year of time. Meanwhile, those bank CDs are going to not let you keep pace with inflation.... If You had used bank CDs a
by lzw 16y ago
Stock investing takes maybe 20 hours a year of time. Meanwhile, those bank CDs are going to not let you keep pace with inflation.... If You had used bank CDs anytime in the last decade you would have lost money in real terms.
I am amazed that people are so ignorant of history that this kind of dumb ass advice gets offered and people think it is so wise, and of course the dumbasses who know nothing of investing or economics mod it up.
Reminds me of the responses I've gotten in the past when I tried to share how much success I was having investing myself-- was told that it was better to leave it up to a broker or fund manager because "I'm and expert bin programming ,they are experts in finance". I was shocked that people were proud of their ignorance.