| With the economic collapse, massive lay offs, you'll | | | | never in your favor, not even in the long run. |
| be extremely lucky to keep your job, let alone look | | | | One of my mentors - a tremendously successful |
| forward to a bright, worry-free retirement. | | | | businessman once told me: "The wealthy invest in |
| Forbes, Wall Street Journal and other financial | | | | businesses. They don't invest in stock markets. The |
| publications have been whispering their sweet lullabies | | | | stock market is the consolidation prize to keep the |
| to us for years - about our 401Ks and mutual funds | | | | middle-class occupied." |
| investments taking care of us. All those eager | | | | What he's been telling me all along really didn't hit me |
| financial advisers in five thousand dollar suits told us | | | | hard until this past October when everything on Wall |
| to sit tight, because all of our investments should be | | | | Street shattered to pieces. |
| long term, at least 20 to 30 years ahead. | | | | Do you think Bill Gates or Steve Jobs were worried |
| The goal of any financial adviser is not help you retire | | | | when this happened? Do you think Google guys were |
| early. Or help you at all for that matter. Their main | | | | shaken by the collapse of stock market? I seriously |
| goal is to lock your cash into some mutual fund for | | | | doubt it. Because they're not playing the |
| 30 years so they can keep getting paid their | | | | stock-roulette, they own businesses. Solid businesses. |
| "management fees" as long as your money is in it. | | | | If you have any business sense whatsoever, the last |
| What a brutal joke that turned out to be. If you've | | | | thing you'd want to do is to part with your cash for |
| had any money in stocks this past year - you know | | | | decades. |
| exactly what I'm talking about. Those guys in suits | | | | Here are the tips your employer doesn't want you to |
| who told us we'd be earning 20% or more from our | | | | know:o The obvious one, if you got anything out of |
| investments for the next 30 years are now part of | | | | this article so far - don't keep your money in stocks |
| the never-ending unemployment line. | | | | or mutual funds. Let your financial advisers go, |
| It doesn't take a financial genius to see that Wall | | | | they're worthless.o Stop piling up that credit card |
| Street just might not be the answer. | | | | debt while paying minimums every month. With the |
| Unless you're a highly experienced day trader who's | | | | insane compound interest rates it will eventually pull |
| willing to risk hundreds of thousands of dollars and | | | | you under like a riptide.o Put an end to buying things |
| endure massive amounts of stress day in and day | | | | you can't afford (financing cars with 5-year plans, |
| out, stock market is probably not for you. Even at | | | | getting a huge house on a 30 year mortgage, etc...)o |
| that - exceptionally few day traders ever make it big. | | | | If you want to retire early with plenty of money set |
| Stock market is nothing but a glorified casino that's | | | | aside - start investing in profitable businesses instead |
| legal in every state and country. And the odds are | | | | of following everybody else. |