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You're Guaranteed to lose it because you're spending down your savings because you're not getting any interest income because of Ben Bernanke's 0% rate policy.
You will be wiped out by slow inflation,. Nothing new, look at the last 80 years.
Zero interest on what you have saved. Uncle Sam gives money away.
The answers are simple.
1. Stop whining!
1. Get off your **** and work hard. There are jobs out there. Don't give up. And don't become a burden to society. That will ony make you lazy and will suck the ambition out of your soul.
2. Save money. Even if it's only $20.00 per week. If you never save money, you will never have money.
3. Don't expect the government (or anyone else) to take of you. Take care of yourself.
4. Invest wisely. Spend wisely. But don't expect guarantees with your investments. There are no guarantees. Learn about the risk / reward relationship.
5. Once you take control of your life, then pass these tips on to someone else.
Custodial Risk. Most people don't know what that means, but know who Bernie Made-off with your money is. People lost all their money in brokerages like MF Global and Peregrine Financial Group. Custodial risk means that the person in charge of your money may rip you off.
Recent court rulings have said that secured creditors like Bank of New York Mellon were first in line to be re-imbursed when the criminals running Sentinel Management Group (part of the MF Global scandal) used customer account money to collateralize their loans for their risky investments.
In other words, don't put all of your nest eggs in financial institutions or the same financial institution. Take out some or most of your money and invest in hard assets.
The big banks are highly leveraged, investing in high risk investments known as derivatives. These Financial Weapons of Mass Destruction could bring down the entire financial system.
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