- Communications: Q, VZ, HIT
- Energy: PPL, APL, UTF, TRP
- Non Cyclical Consumption: MO, SVU
- Healthcare: BMY, PFE. IYR
- Banking/Finance: CIM, MFA
- Insurance: PRU, HUM
I do so because, at age 49, I’ve come to understand certain realities about money:
- Money can’t buy happiness!
- Money is not to spend. Materialism is a psychological and economic trap, except to address physical, social and cultural needs (food, shelter, communications, media).
- Capital can collateralize greater liquidity (loans) if or when that’s needed (hopefully never).
- Capital is a form of self-insurance that generally precludes paying corporations for insurance against catastrophic (Black Swan) events.
- Basically money buys freedom. At least a significant measure of freedom from neo fascism in the form of wage, fee and debt slavery under hegemonic, meta corporate capitalism. Though, objectively, investing inflicts this slavery on others.
Alternatives to having and minimally spending money include:
- Martyrdom: Hang on a Cross of physical and material deprivation as the “normal” world scoffs and ridicules you.
- Idealism: Tilt endlessly at myriad Windmills of social and economic injustice.
- Normalcy: Embrace, or worse eroticize, capitalist subjugation through empty, consumptive acts, like high end shopping, gluttony and travel.
But what I don’t understand is how anyone could unapologetically celebrate consumerism amid the larger contradiction of global suffering and resource scarcity, and especially, repetitively vote (or not) essentially for more, more and more of the same?
Possible reasons include:
- Bad religion?
- Mis-education as regards money and finance skills?
- Corrupt, “Wall Street” government and economic hegemony?
- Bad teaching as regards classical, pseudo scientific, Voodoo economics?
It isn’t just! It’s just the way it is!