The last time I checked I had money in the stock market. I checked back a few moments later and I had more. Later in the day I checked back and lost more than I had in the previous 3 weeks. So I ask myself…Is the stock market a good investment me? Maybe.
I know it’s not the answer one wants to here; however, I recognize that institutional investors, hedge funds, and sovereign funds, rule the market and I am just along for the ride. Along for the ride? Is that what I am basing my retirement off of? Here’s a thought why not put one’s money to work over something one can control…you! I do not think (maybe an absolute) that there is a more superior investment that human capital. The investment in my own personal education has and will continue to pay dividends far greater than any amount of capital gains I could have garnered from the stock market. Which only leads me to wonder, is there a way to invest in human capital? Is there a way to invest in people? Is it possible for me to “buy” part of someone’s future? Have you ever wondered how many other Bill Gates’ or LeBaron James’ there are? I would be will to say that there are far more than we realize. I bet many stars are snuffed out by the demands of the world before they are able to become stars.
Example, I have a friend who is currently in medical school. Before this individual could get into medical school he needed to get good grade and test scores. This individual had financial assistance that enabled him to focus. Coupled with his desire he achieved. What about the individual who doesn’t have the assistance? I know what you are thinking…J there are banks…get a loan. But why have the system based off a spread? Shouldn’t there be a system where funds or support are available with the understanding that the individual simply returns what is borrowed. Let me ask you…when was the last time you donated to a bank? Never! Really, you’ve never thought... “Hey the bank loaned me money for the car and now that it is paid off I should thank them by giving them more”. I can imagine an individual being grateful for the assistance received only to become a life long giver to “cause”. Maybe we should do something about this, we wouldn’t be the first other people have done something similar…the Carnegies’, Rockefellers’’, Vanderbilt’s’….etc.
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Sounds very similar to microcredit...
donate here: kiva.org
or read about microfinance here:
http://www.kiva.org/about/microfinance/
One difficult issue is the disconnect between society and corporations. We realize they are out to make a buck and they'll screw us over if its better for them. How do you convince those you lend to that you are a person and not a money making institution?
Plus, I was just reading last night...Adam Smith said of company directors "being managers of other people's money...cannot well be expected to watch over it with the same anxious vigilance they would their own money."
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