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-1 Rank Up Rank Down
Feb 15, 2012
Im hoping people looked up what an index fund is. The only bigger scam would be paying someone to put your money in your own bank account.
 
 
-26 Rank Up Rank Down
Jan 21, 2012
If I had that kind of money I wouldn't invest, I'd buy silver, iridium, and platinum ingots to prevent the government from using inflation to steal the value of my money. Gold is too hard because governments are onto that, and silver has a higher intrinsic value - it's extremely useful in a wide variety of industrial processes. Likewise iridium and other members of the platinum group.

Why not real estate? Because real estate is nothing but usage rights, and governments can take those away with the flourish of a pen. Ingots they have to find first.
 
 
+4 Rank Up Rank Down
Jan 20, 2012
Wally should "select/pick" someone else to manage his money. I'm available for a much more modest fee.....
 
 
Jan 20, 2012
Not the first time Wally lose a fortune, nor will be the last.
Check the archive if you don't know the reference, in accordance with the Master's teachings I'm not gonna do that myself.
 
 
+18 Rank Up Rank Down
Jan 20, 2012
Ha! Yesterday I said I figured that Dogbert would be coming along soon to get Wally's money. (Of course, that was a pretty easy call.) $10 million a year for picking index funds is a pretty good fee. But I expect Dogbert won't be content with 1% and will end up with 100% of Wally's money somehow. That's just Dogbert being Dogbert.
 
 
 
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