Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Friday, October 11, 2002
Yo-Yo Wealth
Those financial gurus, who are proclaiming the fact that the stock market has jumped upward in the last two days' trading means that the bad times are over, are very naive, as well as idiotic about investments in general. Any investment with the kind of volatility of the stock market, that can increase or decrease in value by three to five percent in a single day, is not the way for anyone to accumulate wealth without incurring ulcers or chest pains. Multipy that by 365 to see what it is on an annual basis.
Just as with dieting, it's safer all around to get rich slowly than to shoot for the get rich (or poor) quick schemes. Just something to keep in mind as the roller coaster ride continues, as it will.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 10/11/2002 10:46:00 PM Send this post:
