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Originally posted by Monk
Care to share what kind of investments they are? Sounds a little too good to be true.
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Any good investment guy should be able to lay out a wide range of lower risk investment choices for you, and be able to supply you with rate-of-return performance quotes of each one. Many people will divide up their investment and put it into a mix of several areas rather than dumping all of it into say, the NYSE.
No, there are a few places to invest in that have done well for people in recent years. Although I will say this.... like hershie pointed out earlier, many people's RSP's and mutual funds have taken a bad hit over the past year, including some of my own. It is times like these that a lot of people wish they had gone more for a guaranteed term depost at a much lower interest rate, but I am thinking long-term, not next year or the year after. Over the course of 20 years there are bound to be a few years where cerain investments lose money. However, when I am 50 or 55 I want to have enough invested to live off of in a very good manner if I choose to do so, thus I will stick it out and keep moving forward.