A Quote by Jason Hartman
How many millionaires do you know who have become wealthy by investing in stocks, bonds, mutual funds or savings accounts? Income property is the most historically proven asset class in America, if not the entire world. I rest my case.
Related Quotes
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy?
The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.
Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from.
If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks.
[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013
It was shocking to realize how many low-income Americans don't have savings accounts.
For all your long-term investments, such as retirement accounts that you won't touch for at least ten years, you need a mix of stocks and bonds. Stocks offer the best shot at inflation-beating gains. But stocks don't always go up. That's where bonds come into play: They have less upside potential, but they also do not pack the same risk.
Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
Bonds as an asset class will always be needed, and not just by insurance companies and pension funds but by aging boomers.
They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?
In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
The nation's largest savings and loan, Washington Mutual, has become the biggest bank failure in history. See, the problem with the savings and loans? Not enough savings, too many stupid loans, okay In fact, they changed their name from WaMu to 'screw you.'
Of course, giving is deeply emotional. But supplementing emotion with research makes it more likely that a gift can have a bigger impact. It's like any investment. After all, you wouldn't put funds into stocks or bonds without understanding the potential return. Why wouldn't you do the same when investing in society?
Related Authors
Bob Marley Quotes
Jamaican
Singer
Britney Spears Quotes
American
Singer
Dolly Parton Quotes
American
Singer
Elvis Presley Quotes
American
Singer
Frank Zappa Quotes
American
Singer
Johnny Cash Quotes
American
Singer
Kurt Cobain Quotes
American
Singer
Lady Gaga Quotes
American
Singer
Marilyn Manson Quotes
American
Singer
Michael Jackson Quotes
American
Singer
Miley Cyrus Quotes
American
Singer
Neil Young Quotes
Canadian
Singer
Paul McCartney Quotes
English
Singer
Steven Morrissey Quotes
English
Singer
Taylor Swift Quotes
American
Singer
Ted Nugent Quotes
American
Singer