Comments on: Last-Ditch Bush Rule Would Threaten Retirement Security http://blog.aflcio.org/2009/03/31/last-ditch-bush-rule-would-threaten-retirement-security/ News for working families Mon, 13 Feb 2012 22:35:17 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Granny on the Warpath http://blog.aflcio.org/2009/03/31/last-ditch-bush-rule-would-threaten-retirement-security/comment-page-1/#comment-9055 Granny on the Warpath Wed, 01 Apr 2009 17:23:45 +0000 http://blog.aflcio.org/?p=12299#comment-9055 Another sleazy way to extract more money from middle America. Mutual funds are the worst investment you can make, they only make money for 15% of investors. The rest just manage to break even or lose money, even while the fund managers are raking in the dough at our expense. You have to do your own research, because you certainly can't trust anyone else to look out for your best interest in this greedy era. Check out Yahoo Finance to find out how funds have done over the years. Check out ETFs - exchange traded funds, that spread your investment out over a whole segment of the financial world like a mutual fund, but don't charge you the fees of a mutual fund. Do the research and do what is best for YOU. When I left a job 13 years ago, I was advised to transfer my 401K into a mutual fund for "safety, security and growth.". In 13 years, the fund has gone down 80%. Even a savings account at 2% a year would have done much, much better. Do the research and learn before you invest in anything, there is a world of sharks out there who will gladly take your money..... Another sleazy way to extract more money from middle America. Mutual funds are the worst investment you can make, they only make money for 15% of investors. The rest just manage to break even or lose money, even while the fund managers are raking in the dough at our expense. You have to do your own research, because you certainly can’t trust anyone else to look out for your best interest in this greedy era. Check out Yahoo Finance to find out how funds have done over the years. Check out ETFs – exchange traded funds, that spread your investment out over a whole segment of the financial world like a mutual fund, but don’t charge you the fees of a mutual fund. Do the research and do what is best for YOU.

When I left a job 13 years ago, I was advised to transfer my 401K into a mutual fund for “safety, security and growth.”. In 13 years, the fund has gone down 80%. Even a savings account at 2% a year would have done much, much better. Do the research and learn before you invest in anything, there is a world of sharks out there who will gladly take your money…..

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