Here is some good "sound" investment advice, forst laid out by our President, and simply reiterated by Lenn Harley. Follow this and retire...not.
Take a look:
I HAVE DECIDED to embark on a new investment strategy.
I plan to take the money that I would normally pay to for taxes and "invest it" I will follow the example outlined by the President of the United States in his speech last evening. The strategy is so simple that even though the strategy isn't quite clear, if it's a government practice, it must be sound.
BORROW MONEY, INVEST THAT MONEY IN "GREEN" MANUFACTURING.
I am confident that, if borrowing my tax money to "invest in green" products is a good strategy for the U.S. government, it would have to be a good strategy for me.
FORGET THE BUDGET! It would seem that, the budget for today is not important. Rather, going deeper and deeper into debt for the promise of future benefits is worth the risk.
Have I thought out this strategy in terms of the long term ramifications to my overall financial picture?? Well, actually, I didn't have to. Our government has done the "due diligence" for me.
The Congressional Budget Office released numbers this a.m. that the budget deficit for this year will be $1,500,000,000,000. That is $1.5Trillion, if I have the "zeros" correct. It was previously estimated to be $1.3Trillion, about $200Billion more than was estimated a couple of months ago. Funny how that happened.
BORROWING TO INVEST HAS MADE ALL OF THOSE COMMODITY TRADERS RICH, HASN'T IT?? The small margin required to invest in commodities should be a good example.
I'M JUST LEVERAGING MY MORTGAGE MONEY. So, if the U.S. Treasury can borrow money for investment purposes, that opportunity should work for consumers.
I'm going on faith. Hypotheticals work, don't they?? I cannot support this decision by reviewing a financial statement. Unlike any prospectus I've ever reviewed, the government's investment strategy is a hypothetical. The spending side is clear, a few thousand dollars invested this year in Green Manufacturing, rather than making paying taxes, is O.K. because I can easily prepare a PRO-FORMA financial statement that shows great future benefits. I have faith that, if it sounds good, it must be true.
Investing borrowed money in Green Manufacturing today will inure to my benefit through great profits.
THE PRESIDENT SAID SO!
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