Loading ...You know, Ensign, I have heard that concern for a long time, the idea of simply not making any money by keeping cash in the bank in one form or another. In fact, the last guy who kept telling me this no longer speaks to me. Why? I still have my cash and he lost his. Sometimes, it is that basic.
No one is really going to tell you where you can make some profit. There are two reasons for this. One, they need you to invest so they can make money for themselves, or two, they just don’t know. I may be wrong but I just wouldn’t risk what took so many years to make.
The other day I saw a very funny cartoon. It showed a guy scratching his head and speaking to his wife about Facebook. “Isn’t it amazing”, he said. “A month ago all my ‘friends’ were constitutional experts, now they’re epidemiologists”. (But 3 months ago they were all Market savants). Like my buddy.
If we are in crash mode, what is valuable will be basic things to maintain life for your family or self. It won’t be about making profit, it will be about surviving until it blows over. And normal does not included the excesses of the recent past. That, was the outlier. The other day I had to go to town. I found myself watching to see what stores were open. On the hour long drive into town, on a work day, I could count the cars on one hand.