FROM THE STREET ABOUT WALL STREET! DOES ANYONE REALLY HAVE AN ANSWER?
This is a hypothetical story of Mr. Jones, a retired person who gets caught in a bad set of circumstances.
When Mr. Jones first retired back in 1993 things looked pretty good. At 61 years old with $2.50 million dollars saved up it looked like he was well prepared. Mr. Jones played things very safe. He did not invest in stocks or real estate. He did not fall victum to a fraud or ponzi. He has made decent money off his $2.50 million dollars every year and he did not try to live above his means. However today in 2012 Mr. Jones is in big trouble. Take time to read what happen to Mr. Jones and consider the path you are on.