Wednesday, January 28, 2009

HE WHO LAUGHS LAST

The younger generation was laughing at their parents and grandparents, when they stuffed their meager savings in mattresses, coffee cans or received a free toaster for depositing their money at a small local bank with low interest rates.

Why do something so stupid, when there were so many financial advisers and large banks that offered double digit returns, if you invested with them? Why work like your parent's did into their sixty's, when those fancy brochures promised that you would be able to retire by the time you reached thirty-five? Your parents and grandparents would only live comfortably on their paltry savings, while you would be cruising around your luxury yacht, skiing and vacationing in exotic locales. You would have as many homes as they had rooms in their modest bungalow, that they had lived in most of their life.

Who is laughing now, as a day doesn't go by, that we don't here of another one of these advisers that had scammed hundreds of thousands of investors out of every penny they had invested. Even if you managed to avoid the con artists, you still saw the bottom drop out of the hundreds of other investment gimmicks dreamed up by all these financial guru's.

So forgive them when they laugh, while they are at their bingo games. They are secure in knowing they can easily withdraw any amount, at any time, from their mattress. You on the other hand can't figure out if you should laugh or cry while holding all those worthless statements, filled with untold promises, in your hand.






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