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Let's say I'm an old veteran of the market. I've watched it for a lot of years now. I used to watch the stock shows on TV. I don't anymore but I finally figured it out. All those claims that virtually everyone who is involved in the stock business make including financial planners are lying.

Some are being deliberately fraudulent but I suspect most are just spewing the myths they were told like the stock market eventually always goes up. Of course, over long periods of time the market will rise but will it rise more than keeping your money safe in a savings bond or CD not to mention the risks?

The stock market climbs slowly over five years then all the gains are wiped out in a week. That's reality. I still see them hyping stocks up on the money shows. Your best bet is to put your savings in a safe investment, either a savings bond or a rental property then go to the job and business books I've written to figure out either an extra job over your main job now or a way to make some money by doing your own thing.

It's the only sure thing. Personally, after watching the markets for about 12 years, I now know everybody in the business lies. There are a lot more losses in the stock market than anybody lets on.

Think about the perfect sucker business. A financial advisor makes money when he invests his client's money and it goes up but when it goes down, the client loses. He doesn't lose a cent.

It's no risk for him. He wins in good times and doesn't lose anything in bad times. A system like that is inherently flawed. There's nothing to stop the greed since they're spending other people's money, not their own.

Stock Basics 1

There's always a bull market somewhere.
Con Artist Joe

The hierarchy of investing as as follows:

Low-yielding savings accounts, no-yield checking accounts are safe but you barely get enough interest to keep up with inflation.

Certificate of Deposit (CD) accounts offer a bit more yield, but are "locked-in" for periods of 1-10 years.

Stocks and mutual funds could make a lot of money but you could lose a lot.

Some bonds are safe. Some aren't. If you're worriend, buy government savings bonds.

Product Details

  • File Size: 1566 KB
  • Print Length: 716 pages
  • Publication Date: February 24, 2014
  • Sold by:  Amazon Digital Services LLC
  • Language: English
  • ASIN: B00IMQVV70
  • Text-to-Speech: Enabled
  • X-Ray: Not Enabled
  • Word Wise: Not Enabled
  • Lending: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled

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