Mr Investment Banker
So - some bank guy says I should put all of our money from our puny Roth IRA CDs into some sort of ROTH investment/money-market/mutual-fund account to MAKE more MONEY...Susan and I really never thought about "investing" to "make money." It was hard to explain to the poor guy; I don't want to make money. We're just hoping to safely squirrel money away.
I'm sure that the guy knew what he was talking about and that he truly believes that "now is the time to invest." The economy is so sucky, stocks are cheap, therefore the "law of averages" says that everything should be booming just about the time I'd retire.
My problem is that I have a nagging feeling that this time no one is "bouncing back." I'm of the thought that the "law of averages" should also mean that eventually everything falls apart, entirely. I'd rather not have put any money into that basket.
"A bag of gold will buy a loaf of bread," and such.
Update: We'll likely take Susan's Roth CD and roll it all into some sort of investment package. It's small, but we haven't been adding to it for awhile. So - unless we put it somewhere where it can really grow, it'll be worthless anyway. We'll likely keep stockpiling money into mine. |