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<p>[QUOTE=&quot;howboutatrade, post: 1129174, member: 10387&quot;]1. Dug out of the ground...well, the ground is there...who owns the ground?? Planet was here long before man and probably long after man. How does this pulling something from its natural place create wealth differently than the time/place utility described by others.</p><p>&nbsp;</p><p>2. It&#039;s grown...again, using nutrients that are in the ground and seeds from previous crop...so who owns the ground and were the seeds nothing more than pre-created wealth transfered to the planter? We do not create life, we only nurture.</p><p>&nbsp;</p><p>3. Manufactured...well, traditional thought is only physical goods would qualify...however the world is realizing intellectual capital (Manufactured Thought) has value...may be used to create a physical good, or a service, or a derivative asset...they all have value.</p><p>&nbsp;</p><p>I do not agree the three things are the only way to create wealth. Else, if I want wealth, I can only get it by taking your land from you so I can dig up stuff, plant stuff, and use the space to build stuff. Buying it is transfering and not creating. Natural resources are more than the ground and what is in it. The thought process of all wealth comes from the natural resources and man&#039;s use of them to create things leads to one answer...conquer the world and be authority of all the land.</p><p>&nbsp;</p><p>Metaphysical thought...financial wealth is a worldly thing...it does not go with you in the end. Not to get too spiritual here, but remember that investments in people, relationships, passion, love, memories, are much more valuable in the long run. As for worldly financial wealth, there are many ways to obtain....</p><p>&nbsp;</p><p>Speculate with what you have and win</p><p>Trade with what you have and increase</p><p>Invest with what you have and build</p><p>&nbsp;</p><p>Speculation is a pure guess...not wrong, just a guess.</p><p>Trade is a time/place guess....not wrong, better guess than speculation</p><p>Investment is an educated guess....not more correct, just a more thought through guess</p><p>&nbsp;</p><p>They are all guesses...that is the risk in any method. The key is to understand the level of risk you are taking. Speculation is the most risk, and the most reward. Trading is less risk, but can still have significant reward. Investment is the lowest risk, but smaller returns that have a higher probability of being realized. All portfolio&#039;s should have a mix of the three...if you do not see a difference in the three, I would say you need help from a financial professional as your portfolio is most likely out of balance in one way shape or form and there is either too much risk or not enough. </p><p>&nbsp;</p><p>Speculative/trader based guessing is why the markets continue to be more volatile than necessary because investment based guesses do not require urgent reaction to short term changes, such as the activities in Japan.[/QUOTE]</p><p><br /></p>

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