The Value of Hard Assests During Hard Times
Earl Griffin, Contributor
Wednesday, November 7, 2012
Are you still stuffing your 401K? How is that working out for you?
Do you even have a 401K or a job for that matter? Lots of people don’t.
I finally realized that mine was only growing because of the money I was putting into it. Then I realized that it was going to be taxed like a beast when I started drawing from it. Of course I have no control over that money because it is not in my own possession.
I’m not necessarily knocking 401K’s. But I do resent the fact that I have absolutely no control over the money I worked so hard for. Of course if it were in my possession I’d have far greater control.
Over time I’ve come to see the value of hard assets. Things I can put my hands on and feel. Assets that are under my own personal control.