Quote:
Originally Posted by OneHungLo
Why risk your money in these companies when there are many other good/safe companies out there you can get double digit yearly returns?
I bought Visa the very first day it became public and I'm still buying it to this day. If I had to recommend any stock it would be that. They are one of the best run companies in the world. And most of the world still uses coins and cash for payment so they have tremendous growth potential.
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Additionally if you have a business, monies should be injected into your own business until you really can't think of anything else to spend your money on. And by that point, you likely have enough business knowledge and leverage to start an auxiliary business to be generating even more revenue that stocks could never touch.
I even read a quote from Warren Buffet the other day regarding this. He essentially said, the best investment is going to be your business first, stocks second. He would prefer to buy solid companies any day of the week over any stocks.
I have some cash in lifestyle funds through IRAs for the tax benefit only, and even that weekly injection I'm considering dropping. Decent return and moderately safe, plus tax benefit... nice perks, but not being able to touch the cash for 30 years? It's a loan to Wall Street and not much more.