Stupid articles and papers telling us the obvious wastes our time.  Businessweek featured such a totally wasteful piece discussing someone named Justin Wolfers, a University of Michigan professor, who wrote an article titled “Economists Nail It: You Can Never Be Too Rich.”  Do I need someone to tell me that it is better to be rich than poor?  Even the reporter, Peter Coy, who is a primary commentator/reporter for the magazine offered the obvious remark, That may seem to deserve a Homer Simpson “Duh!” award for most obvious research finding of the month.  So why even post this report?  The answer must be that he has space to fill.

This has been a great year to be just a little bit richer.  If you were already rich you might have become a lot richer.

In just the four months of this year the Dow Jones Average increased by 14.3% and the S&P 500 increased by 13.2%.  Understand that you did not have to be particularly smart to choose the right stocks to have earned that money.  You simply had to buy an S&P 500 index account and your $1,000 would now be worth $1,132 today.  If that investment had been $10,000 you could sell your gains now and have $1,320.  Enough to buy that new giant TV or pay down a burdensome credit card.

So what’s the problem.  “Your Money” reported that 55% of the people surveyed did not believe this has been a good time to invest.

So when is a good time?

You see article after article crying about the wealth gap between the rich and everyone else.

Sad to say it but the average man on the street is unwilling to take the chances that the rich take.  Perhaps that is one of the reasons you may never be rich.