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Subject:  Re: investments for the non-financially literate Date:  4/22/2013  10:53 PM
Author:  StockGoddess Number:  72100 of 88022

Any time someone wants to sell you something, it's because THEY plan to make a profit on it. Something I always keep in mind.

My elderly mother is retired real-estate with a good financial calculator. Some annuity guy tried to sell her one years ago, she whipped out the calculator, hit a few buttons and asked him how it would be a good deal since, after fees, she wouldn't even break even for 7 years...

GeezLouise. Tell them to leave it in a bank for at least a year till they've had time to self-educate a bit, then invest somewhere where nobody else is collecting a fee or a commission. They're not going to lose gobs of money leaving it in a bank for a little while.

Even rental properties could be an option. As long as they're not in a bubble-market area (CA, FLA, AZ, Nevada, Michigan...)
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