Exuberance November 24, 2008
Posted by BDO in Budgeting Concepts, Descriptions.Tags: beat, beating, Debt, economy, exuberance, financial, investments, markets
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Back in April we talked about oil investments being a possible bubble of American exuberance. Now that gas prices have come down from $4.00 a gallon to about $1.90 a gallon in less than 6 months, we can safely say that the bubble of oil investments are reduced to “actual value”.
Is there another bubble within the economy? Gold?
From April 2008 entry:
Either way, the safest way to earn money is to pay off your own debt. Don’t worry about gold, internet stocks, real estate, oil, or any other trendy investment scheme. If you have debt, or you are faced with incurring debt in the future, take any extra money and use it to beat debt. Beating debt guarantees money back into your pocket from not paying the extra interest rates from the loans. Why spend all day scouring the markets for that investment vehicle that earns you 10% when you have a 12% credit card sitting in your pocket that is sucking your money?
Do the guaranteed investment and invest in beating debt!
Photo courtesy of Roy Delgado
A Kid's Guide to Managing Money (Ready-Set-Grow Series)
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