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Originally Posted by pgardn
This is not gambling for entertainment.
I have never gambled on horses fully expecting to make money.
Still trying to figure out where to go with funds.
Credit is so hard, interest rates from banks are very
high to individuals and small business because they expect to
lose some of the loans. But there are some bond sectors yielding
16%. Even if 10% of those loans are not paid... one might still
pull some signficant bucks.
I just dont want too many folks who did not start this mess
to get hurt. Everyone on here is going to pay for this in someway,
but some people are really getting hurt. And I dont think its done.
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Once again, that is your opinion and you are entitled to it. If you really want to pull out of investing and put all of your money in a money market (like a lot of the American population right now); put your money in a tax exempt (municipal) money market. They are paying higher interest rates at this point and time. But ask yourself this ... do you think that this is the end? Do you really think that taking your money and sticking it under your pillow is the answer? I don't. Innocent people are going to get hurt, but unfortunately, life isn't fair. You make the best out of what you are given.