Wednesday, May 6, 2009

Scary Mary

I won't go into the details... I just bought my first stock today. It's a scary experience knowing that you could lose money. But I think I'll give myself a shot at this. Who knows what could happen. The market seems to be going back up from it's lowest hole. Consumer confidence is slowly returning. Job creation really isn't happening all that much, but give it some time and everything will be more manageable (I don't believe that things would return to pre-recession rates)

The fact is, the wealth that America has been accumulating before isn't real. Lending and borrowing. Fake money being pushed left and right. Money not backed by gold, but actually created from thin air by assuming demand and supply confidence. Creditors slicing your wrists with their 20% interest rates. Hedge funds lending out money 30 times what they really have. Madoff ponzi schemes.

But, you go with what you got. The system is there. You don't have the power to change its fundamentals. So what you do is you learn how to beat the system. Hopefully, the system doesn't beat me down instead by turning my investments into shambles.

1 comment:

tania MN said...

I already lost money booooo
Caught by the recession (bought before that)......silly me.