Beware of lying weasels on commission

The Los Angeles Times ran a painful story Sunday about a man who retired at 54 and then turned over his retirement savings to a broker who promised him -- well, what difference does it make what he promised him, you already guessed the ending of the story.

Over $700,000 in 401(k) money and pension benefits, if you were wondering, went down the drain thanks to "overly risky investments with high fees."

The Times reports that Americans have about $2.9 trillion in 401(k) accounts. When the individual account holders eventually take over the management of that money, they are likely to become roadkill under the tires of some lying weasel's BMW.

If you or someone you love is trying to decide how to invest 401(k) or pension money, do your own research and make sure you completely understand what you're doing. Don't take the word of anyone who throws jargon around in an attempt to make you feel that you can't possibly get a grasp of the subject. If you were smart enough to put that money away, you're smart enough to understand how to invest it.

Don't be rushed, don't be pressured, don't be intimidated. And unless you're willing to get burned, don't chase after higher returns than the big, mainstream investments are offering.

America Wants to Know recommends the investment advice of The Granville Guys to anyone who would like a simple, stress-free approach to successfully investing money in the stock market. (Go ahead and click it; we make nothing, they make nothing, nobody's on commission here.)

Check it out at http://www.ExtremeInk.com/granvill.htm.


Copyright 2006

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