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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 |
#2
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![]() "Vic Smith" wrote in message ... . Bonds and stocks involve risk. Gov guaranteed CD's, which money is lent out by the CD issuer, presumably have no risk. Governments get around that one by allowing inflation to depreciate the value of your investment. Sure, you get your money back but it is not worth the same as when you put it in. |
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