Originally Posted by
TanyaL
In a free market society the question is not why are some making a profit on Wall Street. The question usually is" Why have you not made a profit on Wall Street?" The opportunity is there for everyone.
Bigger profits are made with bigger investments, but profits can be made with small investments. Almost all retired people who are living with income from other than SS are living off of Wall Street. Either they have invested personally or the people responsible for their retirement fund have invested. Few have invested entirely in bonds. If they have retirement that is earned from a company, a teacher's fund, a public fund, like a policeman's , etc., their retirement fund is diversedly invested in Wall Street.
Very well stated!! I was at a meeting where a State Pension Fund Manager was present and he was asked by one of the attendees- "Did you have any Enron stock in the pension fund?"- Of course, YES was the answer. In order to generate a lifetime income, there has to be investments- some with risk and those with less risk- diversity is the way to go. Tanya, I wish more folks were as informed as you are about the way retirement income generation truly works.