Besides stocks, bonds, real estate, and precious metals - what else are you investing in? I fondly remember the good old days when I justified that pair of black high heels or that cashmere sweater as "an investment" that would serve me for many years to come (not).
Evidently - I can be a great "buy and hold" real estate investor - but not so much for sweaters.... I guess I'm more of a flipper in that department!
One other area where my husband and I are (too good) at buy and hold is our wines. We have a number of special bottles gathering dust in anticipation of that momentus date that warrants their opening. I was intrigued today to hear about the annual "Open that Bottle Now!" event invented by Dorothy J. Gaiter and John Brecher - authors of the Tastings column in the Wall Street Journal.
They have designated the 4th Saturday in February as the date when you should open that bottle you've been saving & celebrate with your friends. The economy will have its ups & its downs.... and through everything - we have our friends, our families, and our memories. Open that bottle this weekend & toast life.
Cheers!
Evidently - I can be a great "buy and hold" real estate investor - but not so much for sweaters.... I guess I'm more of a flipper in that department!
One other area where my husband and I are (too good) at buy and hold is our wines. We have a number of special bottles gathering dust in anticipation of that momentus date that warrants their opening. I was intrigued today to hear about the annual "Open that Bottle Now!" event invented by Dorothy J. Gaiter and John Brecher - authors of the Tastings column in the Wall Street Journal.
They have designated the 4th Saturday in February as the date when you should open that bottle you've been saving & celebrate with your friends. The economy will have its ups & its downs.... and through everything - we have our friends, our families, and our memories. Open that bottle this weekend & toast life.
Cheers!
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