ML-Implode News - SAFE MONEY INVESTING: An Interview with Mike Moorhead of Tippett Moorhead

``For years, it's been quite clear to me that one thing that almost none of us do enough of is saving... putting money away for our futures... for our retirement years. And I think I know why we don't save more that we do... it's because we've started to believe it's an almost impossible task. Every time we save some money and invest it, we end up losing it when what turns out to be another bubble pops and we end up with gum all over our collective face and in our hair.
Oh, I know there are other reasons why we're saving less than we should these days... like for one thing, we're making less and therefore we have less to invest. Fair enough. But, the fact is that back in 2005, when we weren't saving much better than we are today, at least we could console ourselves with the idea that our retirement savings were in our real estate assets. We'd pay off a home or two and that would provide us with a pile of cash to use during our retirement years, or maybe we'd have a rental or two from which the rents would generate a nice portion of our retirement income.

So, since American homeowners,as of a year or two ago, had lost something north of $10 trillion in home equity... and even with the recent bounce off the bottom in some areas related to home values, the losses are still inconceivably large... why aren't we saving more than we are, knowing that we won't be able to count on our homes to deliver what we once thought they would? What are we waiting for and why would we wait?''

Relevant:

SAFE MONEY INVESTING: An Interview with Mike Moorhead of Tippett Moorhead