Both my parents and my wife’s parents lost the vast majority of their retirement savings late in life due to bad investments. My parents didn’t invest in the stock market. They chose to put almost all of their savings into a small second mortgage company that paid good dividends. They got addicted to the dividends and refused to diversify. I had many talks with my dad over this but he refused to see the risks. Eventually the company got sued by one of the investors and the company declared bankruptcy. They got a small percentage of their investment back, but it took years and was a mess.
My in-laws started a small business in their mid sixties with a “friend “ who ripped them off and they walked away with very little. Watching both sets of parents lose almost everything late in life was very sobering. Fortunately we didn’t follow in either of their footsteps.
What’s amazing about the recent proposal is that there are doctors in Congress and this administration who are actively supporting this nonsense. Do they really not know how healthcare works or we being gaslighted? Me thinks the latter.
I’ve noticed the same thing. My guess is that there are guardrails in place where it has to be a financially rational investment so as not to promote irresponsible behavior. Maybe they get a little financial advice ahead of time.
Comments
Schrodinger’s investment 😏
Post: Buffett’s 90/10 is Wrong. Even Though it’s Right.
Link to comment from March 9, 2026
Both my parents and my wife’s parents lost the vast majority of their retirement savings late in life due to bad investments. My parents didn’t invest in the stock market. They chose to put almost all of their savings into a small second mortgage company that paid good dividends. They got addicted to the dividends and refused to diversify. I had many talks with my dad over this but he refused to see the risks. Eventually the company got sued by one of the investors and the company declared bankruptcy. They got a small percentage of their investment back, but it took years and was a mess. My in-laws started a small business in their mid sixties with a “friend “ who ripped them off and they walked away with very little. Watching both sets of parents lose almost everything late in life was very sobering. Fortunately we didn’t follow in either of their footsteps.
Post: How did you avoid being in the 39%?
Link to comment from March 6, 2026
“As Job once observed “. For a second, given the subject of the article, I thought you were quoting Steve Jobs.🤣
Post: Is AI going to affect our investments
Link to comment from February 27, 2026
That reminded me of a great book I read years ago. “Blue Highways” by William Least Heat- Moon
Post: Planning a Trip
Link to comment from February 1, 2026
You must be using Grok🤣
Post: Planning a Trip
Link to comment from February 1, 2026
I’m sure these kids are having the same discussions about cryptocurrency given the hype around it. That’s all my nephew talks about!
Post: The Playground Indicator
Link to comment from February 1, 2026
A signature aspect of a Dairy Queen Blizzard is its ability to be turned upside down and not fall out of the cup. It’s basically a cement milkshake.
Post: Are you an investor?
Link to comment from January 19, 2026
What’s amazing about the recent proposal is that there are doctors in Congress and this administration who are actively supporting this nonsense. Do they really not know how healthcare works or we being gaslighted? Me thinks the latter.
Post: Overpaid?
Link to comment from January 19, 2026
I’ve noticed the same thing. My guess is that there are guardrails in place where it has to be a financially rational investment so as not to promote irresponsible behavior. Maybe they get a little financial advice ahead of time.
Post: Irrational Financial Choices
Link to comment from January 18, 2026
The one half of the 1%.
Post: How the Other Half Live: The Reality Check
Link to comment from January 14, 2026