Sunday, September 16, 2007

Money....

Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.
Groucho Marx

How true... The only problem is that Groucho Marx kept his money under his mattress. For most people, we can not choose to keep our money in 3 month treasury bills.

We all are trying to grow our money against the ravages of inflation. And, hopefully, grow it at a rate which will allow us to retire early and avoid doing anything we dislike.

So, what do we do....Keep going to your day job and keep saving for future rainy day...

Most important investing goal is not to lose money in the market, i.e. playing defense first, by placing stop loss orders on each stock/position you purchase.

Also, money is not everything....Suze Orman, the new age money guru, who is doing a religious crusade against the CREDIT CARD debt, says....

PEOPLE FIRST, then MONEY and then THINGS....

This is so important to keep one healthy in so many ways. Keeping up with Joneses should be a low priority. As this makes us buy THINGS, which at the end of day is a low priority activity.

Best regards.....

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