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Richard Erlacher
08/19/12 23:21
Modified:
  08/19/12 23:22

Read: 499 times
Denver, Co
USA


 
#188097 - Well ... there are those who believe ...
Responding to: ???'s previous message
Some people believe that one can manage his retirement resources better than the government can. To some extent, that depends on the government in question, of course, but everyone I know, who has a substantial net worth, tells me that nobody, no professional nor any amateur, can manage your money better than you. After all, if YOU manage it, it being YOUR money, you won't do anything ridiculously risky, right?

I have to admit, I trusted a "certified financial advisor" on the recommendation of someone else, to manage my retirement resources, and took a loss of 86% about three years ago. I later learned that anyone who could muster up a $500 fee and 19 hours of online training, could become a "Certified Financial Advisor", as that appellation was sold by one of the insurance industry's many diploma mills.

Normally such individuals as seek this "title" are normally insurance sales people, and anyone with half-a-brain knows what their goals are ... and it's not to make YOU prosperous.

The U.S. government's "retirement" program is basically going bankrupt because the corrupt politicians couldn't leave their fingers out of the pie. They've spent much of what's in the social security trust fund, an will never replace it, since they're all afraid of Grover Norquist's "pledge" that they were bullied into signing.

With no government-based retirement program, you're on your own, but have the freedom to make a billion or to lose it all. You just have to pay attention.

RE


List of 30 messages in thread
TopicAuthorDate
Salary System      Arif Deshmukh      08/10/12 23:08      
   "System"?      Andy Neil      08/11/12 08:04      
      Govt. System      Arif Deshmukh      08/12/12 00:00      
         Perhaps it's just another "bump in the road" for India      Richard Erlacher      08/12/12 07:54      
            Here is another bump      Arif Deshmukh      08/13/12 04:19      
         In The U.S.      Neil Kurzman      08/14/12 18:25      
   yeah well.      Jez Smith      08/14/12 02:18      
      Oh! Means I Am Lucky      Arif Deshmukh      08/14/12 04:37      
         Also        Jez Smith      08/14/12 10:10      
            We don't do it willingly ...       Richard Erlacher      08/14/12 11:26      
               Very Strict In India      Arif Deshmukh      08/15/12 01:09      
            yep      Andy Peters      08/17/12 15:30      
      You Make it sound like a bad thing.      Neil Kurzman      08/14/12 18:32      
         Cube covering      Rob Klein      08/15/12 03:52      
            I don't remember even one "cubie" that wasn't padded      Richard Erlacher      08/15/12 18:07      
            No Padding      Neil Kurzman      08/16/12 13:40      
      Not if your company follows this advice      Andy Neil      08/23/12 12:28      
         male cow manure      Erik Malund      08/23/12 12:38      
            wow      Neil Kurzman      08/23/12 20:57      
   New Zealand working conditions      Bert Van Den Berg      08/17/12 12:40      
      Here in the U.S.      Richard Erlacher      08/17/12 13:37      
         No Pension      Arif Deshmukh      08/19/12 22:03      
            Well ... there are those who believe ...       Richard Erlacher      08/19/12 23:21      
               Biased sample selection.      Christoph Franck      08/20/12 05:06      
                  You've overlooked the inherent bias ...       Richard Erlacher      08/20/12 11:21      
                     Paying for professionals.      Christoph Franck      08/21/12 01:39      
                        That's very much the case       Richard Erlacher      08/21/12 09:16      
            Arif: Which govt are you referring to?      Kalpak Dabir      08/20/12 04:50      
               BMC      Arif Deshmukh      08/20/12 10:16      
                  What would trouble me ...       Richard Erlacher      08/20/12 11:35      

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