Poor Dad, Bear Dad
Sep 1st, 2008 by Moshe
Love – four small letters that hold so much…
My friend John loves music so much that he listens to bands that don’t even exist, my boss is deeply in love with her vintage My Little Pony dolls, I’m pretty sure my girlfriend loves me and I have my own private love, something I’m so passionate about I can just talk about it for ours, and the mere look of it sends weird vibrations down my spine.
The smell of it… The feel of it…
I’m talking, of course, about money.
That’s why I rejoiced to see Kiplinger’s best video ever, about investing in bear markets.
I come from a long line of bears owners – my great-great-grandfather’s title in the old country was “durav durav sagadiv”, which roughly translates to the great bear owner of the milky land who lives in the third house to the left ,the one with the green door, so no wonder I was fascinated.
With the economy being what it is these days, a bear is probably the best investment you can make. As a more conservative investor, while all ‘dem internet companies look to me like another dot-com bubble waiting to happen, I’m sticking to the good old bears. But a bear is more than mere investment – they are so much fun! You can teach it to dance to the sound of a flute, unleash it upon your enemies, take rides together on colorful bikes, or just enjoy a day in the sun with your new best friend.
Not to mention the fact that neighbors will suddenly become much friendlier. But on a more serious note, wondering just what a bear market is? In stock market terminology, a “bear market” refers to a period of declining prices, usually accompanied by widespread pessimism. In short, a time of recession, soaring unemployment and rising inflation. The greatest example, perhaps, is The Great Depression following the stock market crash back in 1929. In other words – yikes!
One last tip for you bear investors out there: if you want to avoid value drop, paint the bear.
hy, Give something to help those hungry people in Africa and India,
I created this blog about that subject:
at http://tinyurl.com/556poc