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View Diary: Americans' Retirements Are in Tatters. What Does That Mean? (129 comments)

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  •  the latest bullshit is financial literacy (11+ / 0-)

    being foisted upon the teachers to spoon feed our kids. I just read Helaine Olen's book about the subject ( the title escapes me ) and it appears such endeavors are devoid of any practical value and seem to championed by the same financial sector that got us into this mess. Some facts; you will notmakemoney in the stock market. you do not have time to analyze the market, or learn much about it, the people who make big money in it largely cheat ( hedge funds ) and the people who manage your 401k or give financial "advice' are as clueless as everyone else. Oh, and Suzie Orman and Dave Ramsey are both completely full of shit, but Dave Ramsey is at least "laugh out loud funny". And both make their money selling themselves, not by investing in stocks or mutual funds.

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