Tag Archives: investing

Financial experts: No matter what the market, you should always buy stocks

roulette wheel

According to financial experts, U.S. stocks have nowhere to go but up. (Of course, that’s what they were saying about home prices in 2007, but best not to dwell on that.)

I walked into a local money manager’s office the other day to open an account.

“Do you have an appointment, sir?” the receptionist asked, as I walked past her desk.

I walked into the money manager’s office and sat down at his desk. “Here’s the thing,” I said. “I know you’re a money manager, so you’re probably used to working with clients who, you know, actually have money. And I don’t really have anything to my name except for a worn-out rubber vomit and a pack of gum that shocks you when you try to touch it. But I want to retire someday from this grueling, thankless career of writing comedy, so I need to start investing for the future. Does that make sense?”

The money manager clasped his hands and leaned back in his seat. “You should buy stocks,” he said.

“I’ve never been very good at earning money,” I said. “Don’t get me wrong: I’m a hard worker. I’ve spent my entire life busting butt, trying to get ahead. The problem, I’ve found out, is that hard work has nothing to do with making money. Employers used to covet a strong work ethic and a willingness to learn, but now all they seem to want are self-promoting braggarts who mask their incompetence with smooth-sounding babble. And because I was taught to be humble, I tend to labor diligently in the background while the smooth-talking braggarts take all the credit. And then they get all the promotions while I stay at the bottom, working myself to an early grave.”

“You should buy stocks,” the money manager said.

“And I don’t want to end up in an early grave,” I said. “I mean, sure — dying young has its benefits. I wouldn’t have to save so much for the future, because there wouldn’t be much of a future to save toward. And I wouldn’t have move to Florida and start eating dinner at 3 p.m., because who wants to eat dinner that early, anyway? I certainly don’t. I’d end up rummaging through the fridge at 7 p.m. and making a tuna fish sandwich with sardines and mayonnaise. And then I’d wake up at one in the morning with raging heartburn that feels like someone is running a blowtorch up and down your chest. I don’t want that to be my future.”

“You should buy stocks,” the money manager said.

“But if I do grow old, I need a retirement fund so I can actually buy food,” I said. “I don’t want to be a destitute geriatric with no teeth who gnaws on Alpo while watching Murder, She Wrote reruns. If it gets to that point, a tuna fish sandwich with sardines might be the financial equivalent of eating caviar. Not that I’ve ever eaten caviar. Why would anyone pay so much to eat something so disgusting? I feel the same way about frog legs. Although some people say frog legs taste like chicken. I guess it depends on what kind of chicken. If it tasted like KFC, then I might try it. I like chicken when it’s deep fried, but not so much when it’s baked. Baked chicken might be healthy, but it tends to be chewy and dry, and then it’s about as appetizing as my worn-out rubber vomit.”

I paused for a breath. “As you can tell, I’m not exactly a health nut, which is a personal defect I should address if I’m going to start planning for the future.”

“You should buy stocks,” the money manager said. Keep reading…