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<p>[QUOTE=&quot;fools_gold, post: 985308, member: 20669&quot;]Thanks for bringing up the diversification, you are right in that regard. I think the issue is quite honestly, nobody, unless you are really into finance understands what they are putting their money into. So my POV is to be proactive and protect the individual before they pour money into what they don&#039;t know.</p><p><br /></p><p>You can say that it is ultimately up to the individual to research and diversify, yes technically this is true, but people put their money into Madoff too and look what that did to them?</p><p><br /></p><p>So back to me being a simple guy, I don&#039;t want to worry about some money manager being dishonest and playing with my money as if it were monopoly money, ultimately, it is me, who suffers. He can go to jail, that does nothing for me when I&#039;m 60+ and ready to retire.</p><p><br /></p><p>I&#039;d rather play it safe, know that my $100K&#039;s that are in my savings account will be protected by FDIC and that I will have access to it. When you sell me on the potential of making 3-4x more due to compound interest, I just don&#039;t want to buy into that anymore after what I&#039;ve seen.</p><p><br /></p><p>(BTW, I am nowhere near retiring and I have nowhere near $100K&#039;s in my bank account. ha!)[/QUOTE]</p><p><br /></p>

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