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Buy Verified Cash App Accounts for Online Casino Gaming in the USA
Another time, you might pull your child close—don’t delay, because most smokers start between the ages of eight and 14—and say, “See that nice young man over there with his collar up in the wind, smoking outside that building? They won’t let him smoke inside, because a lot of people don’t like smoke, and his family is probably worried that he might get sick someday—but forget all that. Here’s his real problem. Those cigarettes he’s become addicted to cost him $6 a day. By now, he’d probably like to quit smoking, but it’s very, very hard to quit once you start. So he gives the tobacco companies $6 a day and probably will for the rest of his life. But if he hadn’t gotten hooked, or could somehow quit, and put that $6 a day into a mutual fund at 7% instead, he’d have an extra $2 million by the time he’s Grandpa’s age.
Andrew Tobias (The Only Investment Guide You'll Ever Need, Revised Edition)
Gold is often sought as a refuge during times of financial travail. True to form, the price of the precious metal more than tripled in the 1999-2009 decade. But gold is largely a rank speculation, for its price is based solely on market expectations. Gold provides no internal rate of return. Unlike stocks and bonds, gold provides none of the intrinsic value that is created for stocks by earnings growth and dividend yields, and for bonds by interest payments. So in the two centuries plus shown in the chart, the initial $10,000 investment in gold grew to barely $26,000 in realterms. In fact, since the peak reached during its earlier boom in 1980, the price of gold has lost nearly 40 percent of its real value.
John C. Bogle (Common Sense on Mutual Funds, Updated 10th Anniversary Edition)
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