On Tue, 24 Jun 2008 13:12:11 -0400, "Wilbur Hubbard"
wrote:


"Dave" wrote in message
.. .
On Tue, 24 Jun 2008 11:23:53 -0400, "Wilbur Hubbard"
said:

Your very first priority
should always be staying financially solvent and having people paying YOU
interest on your investments. Neither a lender nor borrower be . .

How about buying bonds? How about buying half a dozen shares of Berkshire
Hathaway"

When you buy bonds, you're lending to the issuer of the bonds. When you
buy
Berkshire Hathaway you're getting dividends (and perhaps capital gains
when
you sell), not interest. You only earn interest by lending.

Semantics. You get a return on your investment. You don't lend; you purchase
a product that escalates in value if you're smart about. You are not
"lending" when you buy (notice the word buy!) bonds or by shares of stock.
Lending is to hand over money to a client and then expect to have it be paid
back over a period of time with interest.

I think the "borrower or lender" saw is meant to suggest "don't take
risk." Might be wrong. Bonds and stocks involve risk.
Gov guaranteed CD's, which money is lent out by the CD issuer,
presumably have no risk.
But hey, that was Polonius talking, and he was full of it anyway.
Or so sayeth scholars, averring that he spoke in what were cliches
even in the 15th century. We've come a long way, and some of our
cliches even farther.

--Vic