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Author: Subject: The end of Punta Brava
Barry A.
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Registered: 11-30-2003
Location: Redding, Northern CA
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[*] posted on 2-4-2009 at 10:57 AM


Quote:
Originally posted by wilderone

"Can't fight this kind of money." You'd think people with this kind of money had some brains to go along with it.

As for cliches, I like this one: "A fool and his money are soon parted."


I don't think it is lack of "brains"------------what appears to be happening is that many inherit "money" without any preparation or sophistication as to how to handle it, thus they are trusting and naive and ripe for scams that are always "out there" targeting these folks.

Anybody inheriting money should take at least a year learning the skills of wisely handling it before spending or investing any of it. Put it in a Money Market Fund or series of Cert. of Deposit's (etc.) while you educate yourself. If you take the time and study, it then becomes relatively easy to make the "right" choices and investments.

That's my "take" anyway. :spingrin:

Barry
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