[Moneyguy1]

Rick:

Just curious; perhaps a bit of defining terms. Is not paying 30 years worth of interest not sinking a bunch of money into a house? Generally, that interest will sum up to more than the amount borrowed. Am I the only one that has aversion to making the lenders richer than they already are?

At one point, I had dozens of clients. Every one of them, before I would take them on, had to undergo a rigorous process re: their philosophies about money and investing. One of the most important factors is "risk aversion". Some people willingly invest in high risk projects, assuming that one of them might just turn out to be another Microsoft (most turn out to be a Global Crossings or Enron). Others are more interested in a higher degree of certainty and invest in things like General Electric. I really was not interested in those who were actually "gamblers". These are the kind of "investors" who wind up suing their advisors when things go South. I did not need that kind ot hassle. Also, as people age and close in on retirement, their goals should change and the mix of investments should begin to trend toward the more conservative end of the spectrum.

BTW....Do a bit of research and see what kind of return an individual would have made over the last 20 years by consistent periodical investments in things like GE. You might just be surprised!!