TimC wrote:
> No point in having money if you are not going to use it. I couldn't
> invest, because I'd be too scared the whole stock market is going to
> crash irrepairably when cheap energy runs out.
Some free investment advice for you, just buy the most diversified low
cost portfolio you can and don't read your account statements. Markets
go up very reliably over the longer term, the only reasons why people
lose money is because they either didn't diversify (e.g. mums and dads
bleating over how much they lost on OneTel shares) or because they
screwed up the timing and pulled out, usually at some point near the
bottom.
I've got a variety of Powerpoint tutorials on basic investment strategy
and portfolio construction here:
www.travismorien.com/presentations.htm
These investment strategies are almost foolproof as long as you adhere
to the advice that you should "think long term" and resist the
temptation to fiddle with the portfolio all the time.
> A lot of people are going to be in trouble when the infinite economic
> growth stops being so infinite.
When will cheap energy run out? I'm a bit of an optimist myself, I
suspect that sooner or later science will beat emotive argument and
they'll start building some of the new generation clean nuclear
reactors, as a temporary measure while the engineers try to get fusion
to work.
With enough nuclear reactors around we'll be able to make all the
hydrogen we need to run fuel cell driven transportation etc. Its
politics, not science or engineering, that is the major barrier to
implementing this clean cheap energy. Ironically, much of the
opposition comes from green groups who seem to have a "solar or
nothing" policy.
