Comments USA - Points to Ponder / Comments about life in America.
 

CATEGORIES
Our Acts
Our Human Nature
Our Investments
Our Non-Religious Beliefs
Our Politics
Our Religious Beliefs
Our Surroundings


Let us know if you have questions about any of our comments. You can e-mail us at: walt@commentsusa.com
Our Investments Page 32 of  33

Pages: |<<  <<prev  | 26  27  28  29  30  31  32  33  |  next>> >>|

  • Although money canít buy friends, it sure makes them a lot easier to rent.


  • The touchstone for testing wealth is if it can be created out of nothing and disappear back into nothing, then it isnít wealth. Money does exactly that. Money is only a symbol of wealth.


  • Try to imagine being far out at sea on a ship that has just sunk. In the water close by are others, none of whom are wearing lifejackets, who are struggling to stay alive. In their desperation, they will tend to hang onto the only things which are floating, which others are trying to do the same. As the strongest gains temporary benefit by hanging on to a weaker person, the other is submerged and drowns. This process would continue until there is only one and then that person would also drown. Today, all currencies are drowning with each struggling to survive. To keep their economies buoyant, each nation allows inflation in order to gain an advantage in international trade. This reduces their prices, in terms of the currency of another country, and helps keep their own economy slightly healthier. In the end, and that end could be decades away, all will drown. For this reason, keep attention on the real buying power of the US$ and avoid thinking that the US$ is healthier merely because another currency is drowning faster.


  • Wealth can be one of the most liberating forces or one of the most enslaving, depending on oneís attitudes about wealth.


  • It has often been said that the best time to buy stocks is when there is blood in the streets; however, better time might be when bodies are landing in the streets.


  • Those who donít look out for their tomorrows will find that their tomorrows wonít look out for them.


  • Financial needs feed like a parasite on our time, robbing us of the ability to discover our personal needs for a fulfilled life.


  • One can reach a point where the more that is owned, the less one is free.


  • Government intervention into markets, just like a tourniquet to a hemorrhaging leg, is very helpful; however, government intervention, just like a tourniquet, can be applied so long that gangrene results and the leg is lost.


  • There will always be those who believe that theyíve found some way to determine what the stock market will do tomorrow, next week, next month, etc. The prize usually goes to those who sit tight as it is better to be a stock market investor than a stock market guesser.


  • On August 15, 1971, the U.S. dollar was born as a fiat currency. A fiat currency is one that has absolutely nothing supporting it other than the governmentís promise that issued it. And, what does the government promise to back up every dollar that it prints? What it will gladly do is give you another one just like it should you ever want to redeem any. Wow, where could you hope to get an offer that good? If you bought a defective toaster and returned it to where you bought it, would you feel any better if they honored their no questions asked return policy by giving you another defective toaster?


  • If it is true that money talks, it is also true that it says different things to different people. Today, it says to most Americans ďSpend me as fast as possible.Ē To the Chinese, it says keep me around so I can multiply and secure your future.


  • Every August 15, we should all sing happy birthday to our money, for it was on that date in 1971 when our money was born as a fiat currency. A fiat currency is one that has absolutely nothing supporting it other than the governmentís promise that issued it. And, what does the government promise to back up every dollar that it prints? What it will gladly do is give you another one just like it should you ever want to redeem any. Wow, where could you hope to get an offer that good? If you bought a defective toaster and returned it to where you bought it, would you feel any better if they honored their no questions asked return policy by giving you another defective toaster?


  • Be leery of any long-term financial contract that is signed during a time of plenty for it can become a financial death certificate during a time of scarcity.


  • If a person gets a fever, they donít regard the fever as a disease; if fever were the disease, it could be cured by merely staying in a bathtub of cold water. This is fine in an emergency but it isnít a cure since the fever isnít the disease. By diagnosing the cause of the fever, the person can take intelligent steps towards being cured. By focusing on only the fever, the person may very well die as the untreated disease worsens. The same is true of inflation in that higher prices are only a symptom of the disease, which is the governmentís monetary expansion in excess of the growth in gross domestic product (GDP).


  • When economics and politics intermarry, their progeny can be anything imaginable.


  • Any country that uses politics to solve economic problems will pay economically. Any country that uses economics to solve political problems will pay politically.


  • In investing, it is true that when there is no risk that there is no potential reward; however, it doesnít follow that the greater the risk the greater the potential reward. Likewise, it doesnít follow that the lower the risk the lower the potential reward. The successful investor is generally the one who somehow chooses to invest where risks are relatively low but potential rewards are relatively high.


  • WALT HASKINS


Comments - Our Investments
Page 32 of  33

Pages: |<<  <<prev  | 26  27  28  29  30  31  32  33  |  next>> >>|


© 2003-2009 | Comments USA / e-3 Design. All rights reserved. | Site design by e-3 Design