Andre wrote:HelloHopefully, but do not dream. each time there have been kracks, it is gone and the rich are always richer, even the elders of the eastern blocks or the Chinese have in their ranks more and more billionaires.
The stock market
It is a sea with many medium poisons which eat the small ones and are made eat by some very large fish.
There is only one way to get very rich is to legally steal the savings of the average people, who are the most numerous, the very poor hide their poverty, governments maintain them on the limit, they are voters useful maneuverable at the opportune moment ..
Or it hurts, it is the worker who has saved all his life, in order to have enough income when he is retired
(retirement in America is very disparate and very low compare to what you have in France)
the few $ placed melt, in the end after if the boy has not placed capital, he finds himself simply after 15 years below what he had put for those old days
When it doesn't just happen to him like I have been robbed
NORBURG who disappears had all the small investments of honest people ..
In reality we should all withdraw our assets from banks and place money to put it in a fireproof metal box and use it as needed. Tear up credit cards, only make money transactions.
I knew a scrap dealer, his money (placed) aluminum ingots flowed.
In all this discussion there are those that their whole salary is not enough to survive, eat, find accommodation, so for them the stock market is far in their vision, one day they will reach the age or they will no longer be employed , hoping that they live in a country with fair social measures (America is very far from being social)
Andre
For the moment we are still lucky to have pay-as-you-go pensions, but this is changing, but we have not entered the USA system.
We also have savings products with guaranteed rates based on bonds (life insurance which have benefited from tax deductions for years).
With us, when we take risks it is because we want to: stocks on the stock market or bank products backed by stocks. It is up to us to be careful not to be ripped off by a Société Générale financial advisor (for example).
For the moment, barring a major scandal like your NORBOURG (not yet arrived with us), if we think before buying a savings product, we are quiet.
On the other hand if one launches in the Stock exchange with lost body (very easy with Internet, one can even bet up to 5 times the sum which one holds ..... then I do not tell you in case of loss .. ..), here we know what we are exposed to, so no right to complain if we lose.