September 19th,
2008
The markets have always
been a volatile entity to deal with. Like a roaring fire, how you approach
and tend to it determines whether it will warm or char.
The past few years have
brought a lot of prosperity - unstable prosperity - met with a lot of
unintelligent financial decisions on behalf of both the public and the
loaning institutions. It seemed like the prosperity would last forever,
or what appeared to be forever.
Yet the illusions of grandeur
that lay overhead were just waiting for the perfect time to shatter
and collapse, bringing everyone a dose of well-deserving reality unto
their shoulders. Loaners were giving out mortgages to people who had
virtually no income, and low-income families and individuals sought
the same, completely unaware of the implications of investing in such
a high-risk scenario and its future implications.
Don't they teach you that
in Securities courses? Anything involving or appearing to involve high
risk ought to have a sound amount of padding (collateral) to protect
your ass..ets.
Seems as though there was
a complete lack of strategic and intelligent thought when delving into
this entire situation. When people put the dollar first and foremost
over and above anything else, that paves the way for a path of utter
destruction, like an oilspill crashing against the shore of a government
environmental clean-up strategy initiative.
Earning money bodes over
much more than just mindless taking or being given a large sum up front.
Those who know the true value of a dollar have spent and tired through
absolute turmoil just to earn that shiney dime. They aren't as quick
to dispense the money and use careful judgement to execute these decisions
without fear of blind repercussions as an afterthought.
Unless you're absolutely
talented and agile to move accordingly, investing or hoping for a sudden
windfall that takes minimal effort to acquire is one of the dumbest
moves or actions to partake in.
Money is only useful when
it's put to good use - like expansion of will, knowledge and overall
spirit. If it's used just for simple greed, then that's the choice one
has to make, but must be prepared to live with the consequences at the
end of the day.
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