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|User Info||THE BEST BOOK EVER; entered at 2011-10-03 14:01:32|
Registered: 2011-09-26 Seattle
I have always looked at investments as things I believe in that are being run by smart business people who are making good decisions about their financial health.|
Fortune 500 is awash in monkey-business finance, where stuff doesn't have to be on the books, and stocks are completely dependent on financial institutions which are conducting trades using over-leveraged money (money they can't back up). You have to be insane to be trading in US or European treasuries (or probably any sovereign debt). Corporate debt might be slightly better, but you have to ask why they are going in to debt...
Hedge funds are a complete mystery to me, which is why I can't in good conscience get in to that market, and I have a feeling are a contributor to the financial mess we find ourselves in. Maybe I am wrong, and somebody could enlighten me there.
Foreign currency would be interesting, if the global financial system weren't inextricably tied together. Gold, metal, tangible assets are probably the place to be, but gold is useless if you can't trade it for tender or goods.
Paying down debt is probably your best investment these days if you have it. Taking on new debt is insane - or at least it is until the banks let the air out of the baloon on home prices. If you don't have debt, then you probably should just be really angry while putting your money in your mattress and safe.. Its a scary place out there.