Research before laying out your money, this is good for people with lots of money and those who are working class investors.
I've seen people buy properties, and earn well, as well as people who have become slum lords and profit well, but they won't fix the properties.
When it comes to investing, BE CAREFUL - one can watch any number of scams on the media, where people have been completely wiped out.
If its too good to be true and offers something outrageous in profit, one had better gather a great deal of information FIRST, before investing.
People forget too easy: Think of Madoff, Stanford, and the long list of others who put up a stature of self and people bought the illusion and found themselves wrapped in a pyramid scheme, with a high % of loss, of which even the low % of their principal return took years.
The game has been around a long time, one can read much on the crash of 1929 and one can read much on the crash of 2007. These are REAL events, that cost the nation vast amounts, maybe some don't remember the 1980's saving and Loan, which resulted to a huge government bail out.
Some play the game with margins, and some win and many loose, there is much I don't understand of various financial instruments, therefore I'd not venture to touch them.
We've seen in the past 30-40 years so many companies buying up their competitors, or buying up companies to extend their brands, some over leveraged, some over built and some were left holding vast inventories. All amounting to massive debt, that does not just vanish, it become a burden on the over-all society. Covered up by other collusive financial instruments.
The countless TRILLIONS wiped out in 2007, is still wreaking havoc, and a great amount of that spins in the undercurrents as people try and make it up or cover it up. It's still a Loss.
How many Pension funds have been turned over to the
Pension Guarantee Company? how many have seen their funds suffer massive losses and threatned the pensions many had come to rely upon?
Quote:
PBGC pays monthly retirement benefits to approximately 631,000 retirees of 3,800 terminated defined benefit pension plans. Including those who have not yet retired and participants in multiemployer plans receiving financial assistance, the PBGC is responsible for the current and future pensions of about 1.3 million people
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What is the % of pension one receives once the Pension Guarantee Company or any other Insurance company or Pensions take over?
This is important to know, because it can change your life plans drastically.
As for individual investors, it will always depend on
how much you have to invest and
what you actually invest in. This requires monitoring, or one may suffer losses they did not anticipate.
Always be aware of the fast talker, who does not provide clear and concise answers that are verifiable.