When you think it is, the next guy was taking a chance. Now, I’m not sure what kind of investments were available in the past (I don’t remember anyone speaking about Wall Street and also the stock market when I was in Sunday school.) yet it’s like they are saying following every commercial you see for mutual funds. All investments carry using them a great amount of risk. Back the incorrect horse, as they are saying, and those funds is kaput. I’m sure the third guy understood that, but was willing to go ahead and take risk. The second guy knew that, and wasn’t willing. His motto is actually a bird inside hand is worth two inside bush. Sensible, but not practical within the long run.
When you make an investment in stocks and bonds or IRA’s and CD’s, you happen to be basically betting on whoever is backing your security. Instead of traversing to a casino and betting on eight hard way or splitting your aces, you are simply doubling documented on IBM or pushing your luck with a bank. Loose diamonds remove the vast majority
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