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joyfulguy

Psst! Hey, Buddy! Wanna buy a Buck ... for 60 cents?

joyfulguy
16 years ago

Hi again everyone,

There's a sale going on of shares in many U.S. companies (and some elsewhere) these days.

Will your dollars be worth more later? Maybe. Maybe not.

They've lost a third of their value, relative to Canadian Dollars, in the last five or six years.

Check Wall Street Journal/New York Times archives to compare their value to Euros, etc. in recent years.

Maybe better prices for domestic shares later - some think so.

Maybe not.

Best idea? Buy some now.

Buy some later.

More after while. Regularly - when prices are low, you get more for the same number of dollars ... when they're high, fewer. You do better than average: it's called "Dollar-cost averaging".

Why not own part of U.S. and international productive capacity ...

rather than lending your money to the bank?

If you put your long-term investment money into the bank ...

... they'll then lend it to several others ... ... and both of them'll often make more on your money than you do!

And if you use mutual funds, those managers'll get their slice, as well ... maybe almost as much as you pay in income tax on yours.

Good wishes for increasingly shrewd management of your income and assets.

ole joyful

P.S. Sorry to reiterate this thread.

I just re-wrote it, because I went to search for where I wrote it before ... no matches.

And my original copy was ... all gone.

I've had next to 0 results, using "Search" here - just experienced one more example of it.

o j

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