The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

Tom Grace

June 6, 2008

Travels with Uncle Chet: Spend cents on needed investments

COLUMBUS _ We were packed into the van, going to see Cousin Bruce's new land on a cloudy spring day.

``So, I couldn't figure out what to do with the money,'' he said from the shotgun seat. ``Never had any money before.''

``You had money,'' Buddy corrected him, from way back in the third seat. ``You bought me Lincoln Logs for Christmas.''

``True,'' said Cousin Bruce. ``But I'm talking about enough money to buy real logs.''

``I'll sell you some real logs,'' I said.

``Nope. Spending almost every cent on this land,'' said Cousin Bruce. ``Then I'll pitch a tent on it this summer and try to build something before it gets cold.''

``We can help you,'' said Uncle Chet.

``I can hardly wait to see it,'' said Hon. ``Imagine Bruce moving to the country.''

``We're getting close,'' said Bruce, who hails from Springfield, Mass. ``I saw it on the Internet last week, then drove out here to check to see.''

``And never even stopped in,'' said the little miscreant, his favorite niece.

``No, but if I move out here, I'll be stopping in a lot more often,'' said Bruce. ``I only got the money last Monday when I turned 50. And by Tuesday, I was on to this land. I was trying to figure out what to do with my little nest egg when inflation's at 10 percent.''

``Is it that bad?'' I asked.

``Only if you eat, or buy gasoline,'' said Uncle Chet, who was at the wheel in a captain's chair. ``Of course, the government says it's much less, because they don't want you to panic.''

``So I asked myself: `What do you invest in, when you're going through inflation and recession at the same time?''' said Cousin Bruce as we tooled along the river road.

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Tom Grace

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