Monday, October 19, 2009

Is saving really for suckers?


The Mess That Greenspan Made:
"It's hard to disagree with the basic premise of Jon Markman's commentary today over at MSN Money, one that casts a rather dim view on those who are content to settle for paltry returns on their savings accounts while enriching the banking sector in the process."
Naturally, the proposed solution to no longer being a sucker is to buy a stock fund, preferably one that has low expenses.
That strategy would have worked quite well this year. Last year - not so much.
My take is, Next year - "Forgedaboudit".

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