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"Financial Industry" Flim Flam

Book: "Pound Foolish"

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Exposing the Dark Side of the Personal Finance Industry

This is a book I've been waiting for for at least the last thirty years.

Thank goodness someone - in this case Helaine Olen - wrote it.

There's a lot more to be said, but this book is a very important start.

The idea that the average person can "invest" their way into a healthy retirement is and always has been a sick joke.

When you invest, you're competing with Wall Street. Even people who spend their entire lives, 50 to 70 hours a week full time, working on Wall Street have trouble developing profitable portfolios.

What chance does an uninformed amateur who who barely pays attention to the markets and doesn't really understand what's going on have?

The financial services industry exists to skin you and every word that comes out of its mouth should be treated with maximum skepticism.