The thought of the day from me…

Posted by MC on Jan 27, 2010

It must be nice to be a bank and have 0 carry costs. You can let things sit forever and not have to pay into an abyss. Do banks even pay property tax or is there a loophole for that as well? Remember, they own the house through a loan that they had nothing to back.

When people talk of bank losses and bad quarters…realize it’s all paper play money and book losses. They didn’t lose anything real or tangible. Now carry that thought into your own retirement expectations and finances. Do you really want to be tethered 100% to something that is a fathom? DIVERSIFY!