You’re dumber than we thought! – “There’s still some appeal in making people feel there’s a potential silver lining in that now-foreboding folder of investment statements.”
h/t Reginald
You’re dumber than we thought! – “There’s still some appeal in making people feel there’s a potential silver lining in that now-foreboding folder of investment statements.”
h/t Reginald
“You’re richer than you think.”
Translation: You have equity in your house. Why aren’t you spending that?
At least Scotia Bank is being honest in backing away from their slogan, unlike what I’ve noticed in programming land coming out of the US. There’s been an influx in TV programming centered around batering/trading, buying & selling used goods, pawn, scraper & picker shows where high valued goods are obtained for next to nothing.
“There’s still some appeal in making people feel there’s a potential silver lining in that now-foreboding folder of investment statements.”
MAKING PEOPLE FEEL…..
So lying to people is better than telling them the realistic truth……especially when your bottom line is going to be affected.
Truth in advertising…..Yah, right.
Wall Street is TOTALLY corrupt.
Top to Bottom.
Left to Right.
Inside and Out.
People are better off investing their life savings with that Nigerian businessman who is constantly searching for people to help him get his millions out of Burkina Faso or Chad.
With the Nigerian, there’s at least a chance that he’s legit.
If you watch the golf channel the finance ads are kind of…”we’ve robbed you blind and driven you into the ditch…but you have no alternatives and as long as everyone else is wrong you may as well be too…send us your money.”
“…but selling financial advice during a nasty recession is like walking through a minefield.”
Yes, a good reason to have body armour, keep your head down and your helmet on.
Hells bells if your walking through a minefield you might as well join the army; at least the risks are about the same.
Minefields are usually associated with ‘sky high potential’ and offers the added benefit of ‘Retirement in Pieces’ or RIP for short. The recommendation is to ‘tread carefully’.
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
Richer than you think ?? That feeling goes away as soon as you fill your gas tank and pay the utility bills. By the time you pay for the groceries you are usually poorer than you thought. Between the Federal, Provincial, Municipal and Utility companies share of my after tax money I’m not surprised they have to tell you how to feel because you would never clue in otherwise. Poorer than you thought just doesn’t pump any sunshine in the right direction but for most canadians it would be closer to the truth.
Funny … how in spite of all the flapdoodle from all over the place …. some of us STILL have assets and INCOME from those supposedly fraudulent investment vehicles being sold through the evil banks and investment brokers.
Really! Funny!
Wall Street is TOTALLY corrupt. Dystopian Optimist
Exactly. Wall Street used to have class. There were levels to which the men in charge would not lower themselves to, in order to make a buck, but no more. Today, trade with the Iranians is fine, you can destroy the financial system, no problem, and not a soul anywhere will condemn your behavior as you escape with millions as the system implodes. Thirty years ago, I don’t think Goldman Sachs would have made the US Treasury a servant to their greed, even if they could. I believe Timothy Geithner was put up by Wall Street, as Goldman Sachs was made whole at the cost of hundreds of billions of dollars to taxpayers.
They all have the morals of outlaws. Notice the Democrats have nothing to say against it, either, because the Wall Street firms now finance the Democratic Party. Obama’s anti- Wall Street schtick is just red meat for the rubes, he is their best friend.
Buv gold, silver, land, self contained real estate – stockpile; fuel, food, ammo, seed, these are the only invetments you can see decent ROI on and they will sustain you better than money when the SHTF
Basically investing is expecting other people to do your work, it is simply being lazy, so don’t be surprised when the money disappears. If you have extra money and want it to grow, than you come up with an idea and see if it works, otherwise stick it in a bank and collect the 1% they are willing to give and be satisfied.
Matt @ 1:39;
Bang on! You have to laugh at all those who feel that Wall Street has let them down. Yes, there has been theft and corruption there but the caveat with all investing has to consider the risk factors.
The underlying economic reality is the stealth inflation that has been undermining wealth since the ’80’s. Governments have been pumping out cash and credit in an attempt to meet obligations but hopefully citizens are starting to realize that it will not work. All that cash has created an industry of trying to gain yield which again is impossible as world debt deleverages.
While I don’t agree with Warren Buffet’s desire to pay more taxes I do agree with his investment premise that you invest in what you know and understand. Quick bucks is not investing no matter how it is wrapped. It is speculating. Many investors remain willfully ignorant. Money does not stay where it is unappreciated which is only right.
Ho, and here I thought they were saying, “You’re Richard, don’t you think?”. I thought that was damned odd. Glad you cleared that up for me.