Quote:
Originally Posted by seeker5  I know some guys who have a big 401K accounts, and yet, they are scared of some terrorist attack on this country that can sink the economy and thus sink their 401K.
Thus, if you save up a huge amount of money over a long period of time - you become much more susceptible to the environment and outside factors changing then if you've been able to generate a good deal of money through your skills.
At least, that's what I'm currently thinking, maybe I'm wrong  . |
Invest in hard assets.
Life is just like
Press Your Luck.
There are whammies in life. You'll get hit with them occasionally. This is why you diversify into hard assets. Restaurants, land, productive farms, salvage yards, etc. Warren Buffet says that railroads are a great investment currently.