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Fireworks are like bad stocks…

June 27, 2009 MoneyPlanSOS

Firework 2009-07

It’s that time again.  Our city has an ordinance that prohibits individuals from setting of fireworks without a permit, but the bright red-and-white striped tents have opened and folks are flocking to the outskirts of town to buy explosives.  Being an American I can tell you that I thoroughly enjoy a good firework show, I just think spending a couple hundred dollars on my own personal show would be dangerous – to my bank account AND my health.

And that is because fireworks are like bad stocks:  They rapidly accelerate, are incredibly volatile and have explosive returns when they go up, but all you are left with at the end of the day is some bad paper.

Categories: News/Opinion