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Old 07-23-2013, 06:34 PM
 
510 posts, read 896,077 times
Reputation: 555

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Quote:
Originally Posted by no kudzu View Post
I can understand some folks who grew up during The Great Depression being that way. I save rubberbands, paperclips and wash tin foil to reuse it just like my mother did. I think that makes me thrifty-not cheap. But I like to leave a nice tip, refuse to drive all over town looking for bargains and be dollar wise and pound foolish.

My father was born in 1915 and really suffered through the depression. I don't think he ever got over it. The only thing he ever bought "on time" was a house and even then he paid half in cash---and I mean real green cash. We always had used cars, were the last on the street to get a TV and my mother didn't get a clothes dryer till we had left for college. How stupid. He could have afforded it believe me. he died at age 58 and left my mother so much money she was more in shock at the amount she inherited than the fact her husband died in his sleep.

truly the greatest generation
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Old 07-23-2013, 07:05 PM
 
Location: TUS/PDX
7,809 posts, read 4,519,490 times
Reputation: 8834
Quote:
Originally Posted by no kudzu View Post
I can understand some folks who grew up during The Great Depression being that way. I save rubberbands, paperclips and wash tin foil to reuse it just like my mother did...
...We always had used cars, were the last on the street to get a TV and my mother didn't get a clothes dryer till we had left for college.
Now it's called recycling, being 'green', having a low carbon footprint and reducing your reliance on the grid. Not a bad idea then, not a bad idea now.
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Old 07-24-2013, 06:00 AM
 
Location: Raleigh, NC
5,785 posts, read 6,833,143 times
Reputation: 10082
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Originally Posted by ducter View Post
The crashes are getting worse and more frequent to the point that no longer can one assume that a crash occurs every 15 years, now it is 10 years soon it will be 5-7....When it gets too frequent then its gambling and not just a cycle. All of your money in one place is wrong, some OK.
From a high level view, you can either purchase ownership in a business (buy stocks), lend money (buy bonds) or hold as cash. Historically, the best place for LONG TERM returns has been the stock market. If the market crashes in the short term, you are just buying shares "on sale" - this is known as dollar cost averaging. Any attempt to guess at where to put money at any particular time is market timing - speculation not investing.

Here is a good article on the subject.
2000-2009: Worst Decade for Investments Ever
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