It seems a good idea to not have debt, thereby avoiding foreclosure. To protect oneself against deadbeat debtors it is also a good idea to not hold money. <Seriously how would suggest one protects themselves from the surging debt levels in the west ? How do you think that they shall be resolved.. >
We can be sure that money will be diluted, robbing savers to save the impecunious, politicians, and their favourites. Resolution of such debts is easy [for governments] and consistently applied.
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I have not followed my own long-standing rule in that regard for a whole decade, for one reason or another, while I waited for NZ$ to be at the right level. But my small proportion of rule breaking did enable some excellent opportunistic opportunities to be taken, so it was not a particularly bad thing.
With QCOM dividends piling up, more of the damn stuff keeps accumulating too. Admittedly, if I had gold instead of QCOM, I would not be getting paid, so the problem wouldn't arise. But since US$ interest rates are 0%, I'm not paying tax on the cash which is good as it annoys the government.
Avoid debt, spend money on useful things such as an Android phone, a nice cheap place to live, or some QCOM shares [when the price is right].
Mqurice |
