R
Quote:
Originally Posted by skyking
Yes! Stock markets have only been around since the 1600s but soon someone will discover it's a ponzi scheme. Our poor grandchildren.
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If you are old enough you may remember that the only person who had “investments” was your old uncle Ed who had shares in Northern Pacific and AT&T and used that for the dividends. A real investor was Mr.Davis down the street who owned a “double” rental property.
The feeding frenzy started in about the late 90s when major companies by regulation (I think) could give you your pension money in a lump sum.
This resulted in an invitation to you and your wife for free dinner and seminar at an upscale steakhouse. At the seminar they showed how they would take your $100,000 pension lump and in ten years grow that to $1,000,000.
Results did not exceed expectations.