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South West MN | I think stocks are a ponzie scheme.
The baby boomers parents had a lot of kids. There kids bought the stock they sold to fund there retirement.
Boomers had less kids and are living longer. Will there be enough people to buy there stocks when they retire? If they want to live off of $2000 a month some one has to be on the buy side. It will take 4 families buying $500 a month in stocks to support there retirement.
I personally don't think it will end well. I am much more interested in tangible assets like rental homes land gas stations .... | |
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Buy land or stocks?
