Where To Invest My Tax Refund

Remember Stephen was also worried about how safe his money was going to be and how he decided bank is the only place for it. He deposited his hard earned money ($56 to be exact) in the bank and withdrew the entire amount the same day. In his days there were not as many banks to go around, so he might have decided to put the dollar bills in his pocket and silver coins in the sock and bank no more.

But now we have as many banks as there are branches. Depositing and withdrawing the entire amount the same day, the author would never have run out of banks and still would have kept his money safe.

Since Stephen is no more with us, I step in to offer my advice or share my thoughts with anyone who is in a similar predicament.

Like other things in life, here too size matters. I mean the size of the refund. It wasn't meager and neither was it sizable. Just decent. There lies the problem.

For if it were meager, one wouldn't have this dilemma. Before we knew it we would have spent it. If it were sizeable, someone would have helped us 'invest' it in a scheme similar to the one run by Bernard Madoff. That way we would be free from our worries whether our money is safe or not. We would know for sure it is gone.

Or we can feel a surge of adrenaline, by submitting a claim for reimbursement from the Securities Investor Protection Corp. just before a deadline, like many of the Madoff investors do now. There will be a sense of direction in our life and we won't be lost as to what to do next. We can get that feeling, "Mission Accomplished" and feel good about it.

You know it is not patriotic to be free from financial worries. We can show our solidarity by putting down the tax refund as down payment and swap our current mortgage (remember the author has a mortgage) to a bigger mansion and start worrying like the rest of our fellow citizens. "Will my real estate investment melt down in the months to come? Or how will we make our ends meet?" and so on.

You think my advices were not sane.

OK. How about parking the money outside the country?

No, I don't mean Cayman Islands or the Bahamas. I mean keeping the money safe with the International Monetary Fund in the form of Special Drawing Rights. That way we can protect ourselves from the dollar depreciation as well. Makes sense right?

When nations can do, why not individuals?

Written by Rayan
http://www.viewsonweb.com/