Quote:
Originally Posted by tcxr750
R
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.
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If these guys are such genius's they would be retired on a tropical island,' We have gone to several of these dinner when at good restaurants and on occasion do get some good info which is used for my own investments.
Much better to develop a balanced portfolio of well run mutual funds with a good track record