When I became an investor I was excited and proud to be a part of developing new products in the fields of technology such as biotech, robotics, computers and the internet. The risk was acceptable and I was rewarded as well as punished on occasion.
My money is no longer active in funding the advancement of technology as the risks seem to be too great. Yes, the markets have nearly doubled in the past few years. Is that the result of a robust economy or rather the expansion of money supply?
In this time of debt and irresponsible spending by governments around the globe, how does one have the confidence that those governments will make those decisions to improve their own finances? Confidence in leaders inspires investors to at least take some risk. Would you invest in a Greek bond yielding 20 percent or more? The idea of investing in government debt, especially United States bonds, was once and still is considered the pinnacle of safety. This assumes our government does the responsible things.
My lack of confidence in our leadership by politicians and market regulators keeps my money out of the investment community. My money is out of the economy. It helps no one, not even myself. Aren’t you glad the Federal Reserve has the guts to print the money needed to keep our economy rolling along?
Gary Whitley
Arlington
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