It’s mostly because I don’t have enough extra cash to invest but what happened yesterday gave me another reason not to put my money in the New York Stock Exchange.

A computer glitch was partly responsible for yesterdays extremely quick 400-point plunge. Trading was at record volumes yesterday and in the time it took to switch over from the primary computers to the secondary computers (mere seconds) to help with the load, trades from some 30 blue chips stocks had fluctuated so much that the system had to play catch-up and was unable to reflect the actual values, creating a mammoth discrepancy.

The computer glitch couldn’t have come on a worse day. Combined with a global sell-off that began in China, the glitch caused the biggest drop in the Dow Jones Average in over 5 years.

If I would have lost millions of dollars on the NYSE due to a computer glitch I would have been pissed. I’ll stick to keeping my money in an interest-bearing account. (Who’s rate is probably linked to the stock exchange in some way.)

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