“A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.”
– Robert Frost
A bank, if one will believe their ads, is a place that offers financial freedom to work out your dreams, build your dream family home, afford children and enjoy the emotional and financial milestones of life. A bank, if one believes the people who regularly have to rely on banks to help them fulfil their life’s goals, will echo the words of Robert Frost above.
Entrepreneurs fall under this camp, as well as newlyweds, students, and other people with tons to gain from well-meaning investment.
When it comes to making large money decisions, whether it’s with an investment fund or a bank, it’s important to balance the risk, the rate of success, and, especially, what might happen to your rainy day fund when it begins to rain.
