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investing: Turmoil Spooks 529 Holders says The National Underwriter On Line... - 04/21/09 05:42 PM
An article, Turmoil Spooks 529 Holders, was published in the National Underwriter on 4/20/2009. (TREVOR THOMAS) The article suggested a flight to safety by parents and grandparents that were "saving" in 529 Plans for their children's and grandchildren's college educations.
Hooray! America is waking up to the reality that Wall Street and the Dolts in DC have been telling us to "save" but they are really encouraging us is to gamble. Investing is, by definition, very risky. When investing that is disguised as saving it becomes a con-game. Basin your children's or your grandchildren's future on a con game that you or they cannot win is beyond risky; it is almost foolish.
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investing: Are We Listening To The Wrong Advice About Money? - 04/13/09 12:09 PM
In 1974 the US Congress passed ERISA. The aim was to convince Americans that saving money was a bad idea and that investing [aka gambling] in an IRA or 401(k) was better than putting our money into guaranteed return savings vehicles. Americans listened. Wall Street and the IRS rejoiced.
In 1977 a pretty good high school coach and motivater was able to convince thousands of naive amateurs that they were "financial advisors." He taught them how to strip every penny possible from secure whole life insurance policies and - you guessed it - buy term insurance and invest [aka gamble] everything else in mutual funds. Americans listened. … (0 comments)
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investing: Money Is Important, But So Are Red Marbles... - 07/20/08 05:42 PM
July 20th, 2008
Generally this blog deals with issues relating to money, saving, investing and the general economy and how that relates to your personal economy. Today's blog digresses a bit from the norm but not really too far. It recounts a story I've heard several times about how one man used some of the money in his personal economy with great results. It inspires me and perhaps it will inspire you too.
RED MARBLES
I was at the corner grocery store buying some early potatoes. I noticed a small boy, delicate of bone and feature, ragged … (0 comments)
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investing: Skinny Models And Skinny Money... - 05/31/08 10:45 AM
May 30th, 2008
"Mrs. Robinson, you're trying to seduce me. Aren't you?" The Graduate, 1967
Major consumer product retailers (one in particular), make-up and perfume makers, and every other advertiser to one extent or another, employs skinny models to sell their products. I was watching one of those ads on TV yesterday evening and it dawned on me that most advertising for financial services and products employ skinny money to seduce you into buying what they have to sell.
I've made the point before that whenever you buy something that's called an investment - stocks, bonds, mutual funds, real estate, annuities, … (0 comments)
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investing: Gold Ain't Money Either... - 05/07/08 02:37 PM
May 7th, 2008
"Snap out of it!" Moonstruck, 1987
You can't go shopping at WalMart and pay with gold. Gas stations don't accept Kugerands. The gold coins minted by the US governmnent are for investors - not for circulation.
Wake up America!
You can't buy wealth. If you buy gold in any form the person who sells it to you gets paid in cash not in gold - and it's your cash. So does the stock broker, the real estate sales rep, the financial advisor or planner, the annuity sales rep and anyone else that sells investments of any kind. They work to sell … (0 comments)
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investing: Clarity About Money - Revisited... - 04/12/08 08:50 AM
April 11th, 2008
"You know how to whistle, don't you, Steve? You just put your lips together and blow." To Have and Have Not, 1944
Yesterday I talked about Jerry's widow, Flo. I described how her daughter Mary Jane and her son in law Vern failed her and left her in a state of near poverty. The blog got a couple of questions that warrant a follow-up.
The first question was, "What would a Money for Life Guide have done for Flo?" Knowing how to deal with money and knowing how to whistle do not come naturally and Flo wouldn't have a great deal of time to learn.
Jerry died … (2 comments)
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Jeffrey Reeves
Denver,
CO
More about me…
EUREKONOMICS[tm]
Address: 1270 Jasmine Street, Denver, CO, 80220
Office Phone: (303) 355-0550
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