RE: The Sky is Falling: Stock Markets, Past and Present. My Collage for LMAC #225
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Cool collage though, so there's that
Thank you! I'm no artist but I do find expressing myself through collage stimulating.
As for the stock market: I don't play because I recognize my ignorance and powerlessness in that environment. There was one stock I bought for example. May husband and I put $1,000, a lot of money, but money we could afford to lose at the time. We watched passively as the value of that investment fell. $500, $200, $50 (!!!), then $0. The company declared bankruptcy. Shortly after that, it reorganized, same leadership and today is a thriving concern.
We are prey, my husband and I. Never would I argue with you about the sharks that swim in stock market waters.
I say kudos to the guy with the puts. He's not an investor. He's basically an outsider. He saw an opportunity and pounced. That's certainly the place to do it, if there is a place.
Thanks for reading.
Good for him, and many more of us could do this, but we are encouraged to get financial planners, who all tell their clients the same things. We can become unable to see opportunities if we allow someone else to tell us what to do with our money.
I, like you, tried it and decided it wasn't for me. I have exactly zero dollars in the stock market. To me, it makes no sense whatsover to have all your currency in only USD. Talk about diversifying is hollow. Talk about diversity is also hollow. Oh you've gotten me started.
We need a fallout shelter for our economic health.
My grandfather was a farmer, a well-known landowner in our upstate community. Didn't trust the banks. Wouldn't put his money in them, wouldn't borrow from them. Strictly cash, no debt.
He died a wealthy man.
Yes, I believe that. Banks are instruments of deception and slave systems. Of course. As are credit cards, which I no longer use. I stopped borrowing any money long ago, too. I have plenty, no one would call me wealthy I don't think, but I do not have to worry about money.