January 1, 2010

put it in the bank

Filed under: thinking — .hc @ 3:35 pm

It is amazing to watch all the financial wheeling and dealing continue on, even after this insanity has caused the biggest economic collapse since the great depression. The big Obama bailout has kept all these wheelers and dealers in business, hardly feeling any repercussions at all. I just saw a good example of this in the NY Times today, in an article called For Savers, It Was Hardly a Lost Decade. The basic premise of the article does hit it right on the nose: if you put away $1000 a month and invest it conservatively, you will do well. And it does lay out the bleak truth that many if not most investors would have been better off if they had just stuck their money in the bank 10 years ago.

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