Invest In Yourself – revisited. Post 107


Coach Mitch’s REFLECTIONS

 

Insight

I saw a new blog and read several of the posts. The writer seems to have a definite point of view that is more down to earth than the typical guru. That is good. His readers will learn something and it will probably be good info.

This post is about investing safety. The writer makes the good point that there are no 100% safe investments. That is true. I don’t really think that people expect 100% safety, but they sure hope for it. Anyone who says that an investment is 100% safe, better be only putting up his own monies, because it just ain’t so. http://www.korpritzombie.com/2008/08/what-is-the-safest-place-to-invest-money/#comment-70

Some blog highlights

Quoting the blog:

“What is the safest place to invest money? We all want a safe place to invest money, but the truth is that no such place exists.

The stock market is a never ending ebb and flow of ups and downs; a roller coaster of potential. Most of these risks are typically rather minimal and vary depending on the type market investment you make. But the point is that the market is not the safest place to invest money because it will ALWAYS have the risk of lowering the value of your money due to potentially unforeseen circumstance.

What about real estate? This happens to be my personal favorite. Compared to the risk, the upside of real estate is amazing. However, is real estate the safest place to invest money? No, of course not. Why? Because real estate is unpredictable and fraught with similar unforeseen risks.

Well what about CDs? Certificates of Deposit are often thought to be one of the safest places to invest money. Typically we all think of banks as being very stable. But the truth is that banks are just like businesses. And like businesses, banks can go belly up. (As we have seen. Editors note)

Savings accounts are just like CD’s, in that you are basically just handing your money to a bank with a promise that the account will not fall below a certain level. If the bank goes away, so does your money. The only reason a savings account is a bit safer is because the account is rather liquid.

This leaves us with storing your money under the mattress. The problem here is that you’re susceptible to theft, fire, etc. But what is more, is that now inflation slowly eats away your stash. With an average inflation of 3% … in 33 years your money will be worthless. That’s almost guaranteed.

So what is the safest place to invest money?”

The author believes that the safest place to invest money is … in yourself. I wholeheartedly agree.

I wrote a blog about this subject myself, just a short time ago. http://www.coachmitch.com/2008/08/09/invest-in-yourself-not-stocks-post-104/

See Coach Mitch’s “Ridiculously Simple System…” for details.
Invest In Yourself,

Mitchell Goldstein - Coach Mitch
518-439-6100 until midnight EST
www.CoachMitch.com

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