By Dr. David Eifrig in DailyWealth:
...as many folks are finding out these days, Wall Street couldn't care less about returning your capital. In addition to the $150,000 cars and million-dollar New York condos, Wall Streeters are far more concerned with keeping their clients ignorant. This keeps their "fee faucet" flowing day and night. I saw this mindset every single day when I worked on Wall Street. That's why my No. 1 job is to protect my mother and my readers from big money mistakes.
It's also why I dedicated much of my most recent issue to saying (not in these exact words), "Mom... it's still too dangerous to buy stocks right now. You're retired, and stocks just aren't safe enough or cheap enough for your money yet."
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Crux note: Dr. David Eifrig is the editor of Retirement Millionare... A newsletter that helps people lead a richer and healthier retirement. Learn more about
Retirement Millionaire.