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Old 04-18-2015, 09:11 AM
 
1,974 posts, read 2,724,848 times
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Just FYI:

http://www.nytimes.com/2015/04/18/op...yt-region&_r=0
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Old 04-18-2015, 09:22 AM
 
29,782 posts, read 34,876,173 times
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There is risk v reward. The rules in theory are good but some aspects in practice may just further the inequality gap. There is discussion now about how current rules limiting access to some investments based on wealth/income give the affluent the advantage in becoming more affluent.
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Old 04-18-2015, 09:41 AM
 
Location: SW MO
23,605 posts, read 31,492,863 times
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One word: "mattress!"
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Old 04-18-2015, 09:51 AM
 
Location: NC
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I like the stories of the old timers who hid their money (dollars) behind wall paper. Or in mason jars buried in the back yard. My money is just hidden in the ethernet since I don't think it has a physical presence anywhere other than as numbers on a page. Weird when you think about it.
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Old 04-18-2015, 09:56 AM
 
Location: Durham NC
1,190 posts, read 1,297,786 times
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Quote:
Originally Posted by luv4horses View Post
I like the stories of the old timers who hid their money (dollars) behind wall paper. Or in mason jars buried in the back yard. My money is just hidden in the ethernet since I don't think it has a physical presence anywhere other than as numbers on a page. Weird when you think about it.
The govt is hungry for our money. We are heading towards an electronic system with shrinking numbers of places in the future to pay cash. While it might seem counter intuitive for older folks to lace most of their money in the stock market it might soon be the only safe haven if rates start to rise and people lose confidence in the govt.
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Old 04-18-2015, 10:08 AM
 
29,782 posts, read 34,876,173 times
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Quote:
Originally Posted by lancers View Post
The govt is hungry for our money. We are heading towards an electronic system with shrinking numbers of places in the future to pay cash. While it might seem counter intuitive for older folks to lace most of their money in the stock market it might soon be the only safe haven if rates start to rise and people lose confidence in the govt.
In the governments thirst for revenues I am suspicious of anything that might encourage the purchase of government debt. At times it seems like most roads lead to financing government operations.

Last edited by TuborgP; 04-18-2015 at 11:07 AM..
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Old 04-18-2015, 10:15 AM
 
8,860 posts, read 5,139,069 times
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This isn't about risky investments, it is about high fees and inappropriate investment vehicles. If this law passes, "advisors" will no longer be allowed to sell the uneducated an annuity for their IRA, and other similar underhanded things which primarily benefit the "advisor" to the client's detriment.

I think it is high time.
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Old 04-18-2015, 10:19 AM
 
6,267 posts, read 4,737,090 times
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Too bad there will never be laws that can protect us against bad advice due to ignorance and stupidity.
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Old 04-18-2015, 10:28 AM
 
1,974 posts, read 2,724,848 times
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Quote:
Originally Posted by Curmudgeon View Post
One word: "mattress!"
And that's fine -- until your house burns down or is burglarized.
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Old 04-18-2015, 10:32 AM
 
1,974 posts, read 2,724,848 times
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Quote:
Originally Posted by lancers View Post
The govt is hungry for our money. We are heading towards an electronic system with shrinking numbers of places in the future to pay cash. While it might seem counter intuitive for older folks to lace most of their money in the stock market it might soon be the only safe haven if rates start to rise and people lose confidence in the govt.
Maybe the only 'safe investment' is gold bars and silver coins/bars that we are in possession of. But then we're back to: what happens if our house is burglarized -- oh, I suppose we could buy a heavy-duty safe.
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