Posted by Hills Of TN on November 21, 2008 at 05:08:09 from (74.240.210.41):
In Reply to: Bye-Bye Retirement! posted by kruser on November 20, 2008 at 17:45:59:
A lot of the problem is that too many people have bought into the Dave Ramsey theory that all we have to do is put our retirement money into "good growth stocks" and we live happily ever after. The ultimate value of publicly traded companies is the profit that can be returned to investors. That is a number that is hard to predict and can change dramatically over a relatively short period of time.
The wealthy group has, or can buy, the necessary experience and financial knowledge to back up their roll of the dice. The average investor does not and must put his trust in the honesty and knowledge of others. That is akin to going into a high-stakes poker game with a couple hundred dollars and limited playing experience. You might draw lucky and hit a streak of winning, but if you play long enough, the odds are that you will leave the table with less than you came in with.
I am reminded of the joke (told by Jerry Clower, I think) about the two hillbillys that sold the same horse back and forth between them, making a nice profit each time. Finally a third hillbilly was convinced they were both making a good living with the sales on that horse, so he bought from one of them because they were doing so well financially with the horse. he ends up with a tremendously over-valued horse and will ultimately take the loss of the "funny money" that had been made between the first two.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
