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Author: dickbrmly Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 42  
Subject: I can't hide it, it must be yours. Date: 12/12/2007 7:52 AM
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The poor investing makes as much sense as AIPAC carrying a list of approved Palestinian Charities. It looks good on the surface but it really works against you.

First; to be poor you’re not allowed to have assets. And if you even save, you’ll lose more than you had because welfare will remove you the minute you have an asset. There are people that can’t show a net worth of 500 without being cut off.

Second; being poor means you clearly run into financial issues, you’re late on occasions with a couple bills. Well, to trade in an IRA you have to pass a credit check and if your funds aren’t behind an IRA, it’s not really your money to start with. The creditors can take it at anytime.

I am not saying you can’t get out of poor, because you can. But, you can’t get out of poor by investing, which would be an oxymoron because if you have any real assets, you’re not poor.

It’s much easier to change lanes than turn around. Meaning you first need to improve yourself, change the lanes on the job issue and make better choices on where your money comes from and a turn-around can happen, but not always happen. It’s like war; both the poor and war are assured.
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