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MACHINEMADE GOD - For Those Who Care

This song means a lot to me. I want to thank my friends for supporting and helping me whenever I was in need, and this songs seems fitting. I ...

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Crisis of Conscience

The ones that DO use a broker tend to use a street-front one like Edward Jones or Wells Fargo Advisors that sell the same dozen stocks or funds from the formularies handed the brokers by the people who actually DO pay their salaries.  (And, oh my, are the sheep ever being fleeced!  They just provide the "Greater Fool" that the stock market requires to buy the over-priced stocks they're trying to sell.) I am continuously asked by clients if I will help them do financial planning.  I would love to.  But I've got nothing to say that they want to hear.  I tell them the difference between speculating and investing and holding, I tell them to pay now for things that will reduce their future expenses.  I tell them plan for a retirement where someone will notice if they're cold and hungry and bring them soup: whether that means buying a two family to live in with their kids or moving to a commune or buying into an assisted living center, I don't care.  I tell them to buy krugerrands and bury them in a can in the back yard.  I tell them to buy agricultural land or wood lots that can produce enough to pay their own real estate taxes.  (Good luck finding those.) I tell them that buildings are depreciating assets that usually go down in value and being a landlord in MA is a fool's errand.  (Almost every landlord I know could get a better return on assets if they bought U.S. Treasuries.)  I tell them that U.S. Treasuries are about to decline in value.  I tell them that the stock market is over-valued and the muni market is higher risk than the ratings show.  Gold?  Sure, but not the ETF funds because they're in an unaudited bubble and when they go under you'll be an unsecured creditor in a bankrupt firm.  That does it; my clients throw up their hands at me in anger.  What good am I?  They want me to tell them which fund to invest in!  So I tell them to buy Inflation-Protected Treasuries...

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