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September 19, 2006
Is Your Money Safer in Stocks?
Housing is shaky. Is your money any safer in the stock market? I ask that question in an article on the home page of the BusinessWeek website today: Can Wall Street Withstand Weak Housing?. Lots of experts seem to think stocks are no refuge if housing continues to weaken. But there are some who think stocks will do just fine. Your opinion?
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I find the topic interesting as I believe the start of the housing mania was the belief that your money is safer in real estate than the stock market. I remember the rhetoric after the dot.com bust "You can't live in a stock, real estate always goes up..."
I think your money is safe in a house you plan on living in for a long period of time as well as good solid stocks that you plan to hold for a long period of time. The notion of making a million over night won't work with either investment anymore.
Posted by: lizziebeth at September 19, 2006 04:06 PM
Stocks will do just fine...they have sustained and weathered the good and bad times...I'd rather have my money in stocks & bonds, because I know exactly what's happening with it. I can buy/sell at a moment's notice. Not so with a home. And that's the fallacy a lot of "new" home owners have. That they can buy and it's easy to sell. As we see that little property can sit on the market for months and years before selling.
Homes should never be for investment purposes, they should be for living purposes and passing down as inheritance.
I betcha Trump has stock and bond ownership, even though he favors real estate.
Posted by: Sally at September 20, 2006 09:32 AM
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Posted by: drbrightside at September 20, 2006 10:39 PM