Friday, December 22, 2017
How does one buy the future? The stock market is one way. Buying a going business is another way. Of course...buying a business is a big gamble. But...if it's a McDonalds or a Mexican or Chinese restaurant...the investment will not be lost but recovery of that UP-FRONT-MONEY will be a long time in coming...maybe as long as 60 months before return of investment is accomplished. With the stock market...the return can be daily...and...th treasure received might be plowed back into the stock market...buying different stock so the overall portfolio finally becomes: 1/3 bonds...1/3 stock...and..1/3 cash...not encumbered...and...instantly available kind of cash.