PASSIVE INVESTMENTS ARE ONLY FOR SUCKERS

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When interest rates tanked as they did recently in last 10 years, their incomes often became less than the service charges of their trustee banks. Over the years, quite a few AAA rated bonds and money funds went under (defaulted) or became junk bonds. That put a dent in their capital, but it was inflation that went on and on, grinding away inexorably — decreasing their purchasing power.… Read More