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Breaking News: Dow Jones industrial average closes above 14,000 for first time since 2007
LA Times (2/1/13): The Dow Jones industrial average today closed above 14,000 for the first time since 2007. Stocks have been rallying this year after Washington dodged the so-called fiscal cliff. Investors have plowed back into stocks as the economy has continued to improve and the Federal Reserve has kept interest rates at historic lows, making other investments less attractive.
To be sure, seeing the stock market rally is always a cheery bit of news, especially when we see that it has recovered so much of the value it lost during the Great Recession. But here’s the thing - while investors are “plowing” their money back into stocks, they still remain a highly speculative investment. And as the news blurb makes clear, with interest rates at near zero, “other investments [are] less attractive." We have a better plan.
Instead of parking your money where it earns next to nothing, or gambling it in the Wall Street casino, why not put it where the sun shines? Investments in commercial solar routinely generate an internal rate of return of 12-17% and there is near zero risk associated with that investment - unless you think that the utilities will suddenly decide to give away free electricity.
No, we don’t think so either.
So by all means raise a toast to the soaring stock market, but we have a much better investment for you. Now’s the time to Go Solar - give us a call and let’s get started!