[onewhippedpuppy]

Originally Posted by Shaun 84 Targa

What suggestion is that Matt? You made a statement against my original and I proved you wrong. I can't go back and forth forever on this.

Point out to me your proof, please. Perhaps I fall in the 80% that you look down on?

What qualifies me? Nothing other than I will have to pay more if you fail, for whatever reason. that is why you need to take a class which would cover everthing from types of investment vehicles all the way to due diligence techniques to avoid being taken.

Why? I grew up poor, and up until recently have struggled to make ends meet. Did I send YOU a bill? Why do you assume that the taxpayers should have to take care of those that fall on their faces?

You see Matt, when investment vehicles that are created that are so sophisticated that even top investment professionals don't understand them (mortgage backed securities) and the result is huge, long-time investment banks going under as well as institutions like Fannie Mae and Freddie Mac are close to insolvency, resulting in massive government bailouts paid for by you and me, that is my proof that the average American would fail in managing their lifetime portfolios.

Did you even read my post? WTF are you talking about? I suggested a program consisting of mutal funds, CDs, and bonds.

If deregulated and privatized, overnight you would see an entire industry of exotic investment vehicles that would result in ruining the country's economy.

You mean like the "exotic" Waddel & Reed ROTH IRAs that my wife and I have. Gasp!

But don't take my word for it, just look at reality.

Either you just don't read, or are simply seeing what you want to see.