Lazy money, hard working boss

on Monday, 16 December 2013. Posted in ,
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It’s now mid-December and if you are like most people, you are on the mad sprint to get everything finished before your Christmas vacation. You have worked hard this year, but has your money worked equally hard. Are you keeping your money in the bank by accident with the intention of “I’ll get round to doing something with that shortly…”?

Quite possibly 75% of the people I meet have had a significant sum of money in their bank accounts for years. One had been there for 5 years, doing exactly nothing.

Market Return

Well, here are the returns that you missed this year. Many markets had a very good year as this table from the Economist magazine shows.

For a full table link here.

Did you see the US with 25% for the S&P 500?  Japan with 25% also?  Even the EU are with high teens of 18%?  A dozen others with double digit plus growth?

Yes – but haven’t I missed the boat?

Yes equities have had a good run, but emerging markets poor run means they are now good relative value.  Some REITs offer great yields and good potential upside.  Some individual equities have missed the boat.  The list goes on.  There will be some excellent returns in 2014 in some categories, that’s for sure.

What did you do about it?

Now the question is.  Are you going to let 2014 pass you by also?  Or will you prioritize and make some plans to either get investing or start working with an adviser who can help you?  You might be busy, but that is all the more reason to get your money working hard too.  With interest rates still at record lows, putting money in the bank is just a waste of time.

Don’t be an enabler of lazy money.  Put a note in your calendar for January to “do something about that cash we have” and then make it happen.  Don’t let another year slip by.

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1 Comment

  • Tim says:

    From my experience many people just don’t like to think about the future to much. But as you say sometimes it can cause you more distress not to think in the broader picture.

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