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Just finished reading the Orange County business section of the Los Angeles Times. The article titled "They Took Advice but Most Kept Own Counsel" reviews the "Money Make-Overs" the Times does each Tuesday. A professional financial planner reviews a selected indivual's or family's financial situation and makes recommandations. Of interest is an 84 year old lady that wasn't interested in the suggested mutual funds and continues to go with selected stocks. She states that she came to Los Angeles in 1937 with $100 and now these investments are worth nearly $1 million (some real estate holdings also). Sounds like an interesting person. The other interesting part of this review is, most people ended up not going with their planner's suggestions (most planners were pushing mutual funds) and instead buckled down on their own investment strategies.
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