Reason Not Faith

When it comes to investing, facts eventually expose illusions. Eventually reason trumps faith. Nearly all adult Americans need to invest successfully. Relatively few of us can count on a lifetime job, a large pension, or social security to guarantee our financial prosperity—or survival. Yet most investing Americans still believe they can find salvation in stocks. They keep plugging money into their 401(k)s, 403(b)s, IRAs, Keoghs, and 529s. Financial advisors keep chanting, "Stocks for the long run." And most Americans continue to believe them.

Sure, some people will win the stock market game. They will buy and sell the next Microsoft or eBay at precisely the right times. But for the great majority, disappointment must prevail. The number of players in this poker game has multiplied many times faster than the size of the pot.

Credit Score Booster

Credit Score Booster

There are many misconceptions about credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments.

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