Quote:
Originally Posted by SlowHabit
There is nothing wrong with sitting on cash. Some of the world's best investors sit on cash when there's nothing else to do but read.
Very few if any sit on cash. Warren Buffett made his fortune by being 99% in equities at all times (and charging obscene amounts of money for his investment advice). To sit in cash is saying you accept -6% real return as a good investment.
As for the thread, every stock is very similar everyone thinks they are getting the best of it. But compared to cash if you invested $1 in 1802 you would have $755,000 in real return in 2006 or $0.06 in real return if you held $.
Today it might be better not even to have any cash or investments, but to live on Obamaacre, SSDI, welfare, and dollar loans. As Joe Biden said I own no stocks, I have the ability to tax people that own stocks and work. So a government union job might be the way to go.