20 Methods to Make investments That Don’t Contain the Inventory Market
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When it comes to investing, this apple has fallen far from the pedigree.
I became a Wall Street investment advisor, also known as a stockbroker, in 1981 and have been an avid stock investor ever since.
My parents, on the other hand, did not own a single share until their late 50s, and only then because my mother had inherited a pension share from her aunt.
You can’t blame them. My parents survived the Great Depression, a time when stocks fell nearly 90% and some bank depositors lost everything. So it is natural that they prefer government bonds to stocks. For them, the stock market was more of a casino than a place for your savings.
It also helped that they didn’t really need Wall Street in their day as they could easily make 8% or more on risk-free T-bills or certificates of deposit (CDs).
Today, many of us are practically forced to invest in stocks because savings rates are close to zero. But even for true believers like me, we cannot all put our eggs in one fleeting basket.
Hence, it is important to be aware of other potential investments. And there are a lot of them: by my count, more than 20. (Not all great ideas, of course.)
And that’s what this week’s “Money!” Podcast is about: Investing that doesn’t involve stocks. So if, like me, you’re reaching the limit of what is convenient to have in store, or you’re like my parents and want nothing to do with them in the first place, this is your podcast.
As always, my co-host will be financial journalist Miranda Marquit. Listening and sometimes contributing is producer and new investor Aaron Freeman.
Sit back, relax, and listen to this week’s “Money!” Podcast:
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