4 Jun 2025 10:04 am
I agree with your sentiment about the markets but there comes a time when enough is enough. We have already exceeded the average retirement account balance for our age group and focused on limiting exposure. Currently our exposure to US Equities is less than 30% of our net worth.Skans » 04 Jun 2025, 9:22 am » wrote: ↑ I trust capitalist companies more than I trust banks and government. Good companies create money and wealth. They have to pay it out to their investors, because "greed" makes them do this. Greed is good, because when the Top Dog wants his money, he has to pay me mine too.
On the other hand, Banks pay you a stipend to take your money, plow it into equities, and then skim off the profits for themselves - 7.5% skimmed off for them; 2.5% for you. Basically, people who buy CD's are allowing themselves to get ***-raped without even the courtesy of a Bank-financed reach-around.
When you need a place to park $300k cash, CD's are not a bad option. I don't mind being dumb, it's paid off!