Taichi, "So why do I feel like a 4-year-old armed with a sand pail facing a 100 foot tsunami???"
That made me laugh! That seems to be what is going on. Umpty trillion in money switching and swooping around the world from currency to currency, market to market, country to country, commodity to stock to gold to oil to Nasdaq, to Dow, to CASH IS KING, to somewhere, anywhere, HEAD FOR THE HILLS, in a monster tsunami.
Now the USA is being sold, just like Japan, Korea etc before them.
People are looking for equilibrium and safety. The only safety is in owning valuable productive assets. Not tulips before the tumble or horseshoes just before the car arrives. Even money is a productive asset = it enables exchange of goods and services and acts as a temporary store of value.
Happy hunting. I reckon Qualcomm is a valuable productive asset and much much better than 3% return on your money. So I'm sure your 861 shares will return you much much more than if you kept CASH AS KING at a derisory interest rate, likely to be cut further.
No, you aren't broke, you just acquired REAL wealth.
Mqurice |
