Also, my understanding is that real interests rates are currently negative. On top of it all, the combination of a nominal capital gains tax and inflation means you lose ((inflation * .15) * your net worth) every year in this manner, at least if you are a US citizen. In light of all this, perhaps you should consider spending money on your intellect; it's not taxed, and it has some degree of liquidity. Alternatively, buy a cheap foreclosed house and rent it out; that may be profitable right now.