Page 20 - Know-So Money, Hope-So Money, Retirement Secrets Wall Street Doesn't Want You to Know

Benjamin Franklin is reputed to have said, “The definition of insanity is
doing the same thing over and over again and expecting different

results.” Think about this quote for a second and ask yourself, does this
apply to the way you manage your money?

For many people it does. They get so caught up in fear and greed cycle
that they just keep on repeating the same patters. And by way of
“comforting” themselves in down times, they say, “Well, everyone else

has lost money, too.”

The truth is everyone else hasn’t lost money. Your broker hasn’t. He or
she makes money regardless of whether you do (when was the last time
you got out of paying fees and commissions just because you lost some

money? The mavens on Wall Street haven’t. They fly around in private
jets paid for by your 401(k). Members of Congress haven’t. They get
big donations from Wall Street to keep things going the way they are.
The corporate media haven’t. They get advertising revenues from those
very same people to keep the hoax going.

Am I saying these people are all Madoffs and out to get you? Not at all.
All I am saying is the system has been so tilted in their favor for so long
that it led inexorably to the melt down that crashed the housing market,
put eight million people out of work, and overnight wiped out trillions
in retirement savings and wealth. You might want to get off this train
before it is too late.

It isn’t too late. If you stuck with it you should have recovered all you
lost, so now might be a great time to reposition some of your assets into
Know-So Money. Not only did the above not lose money in the
meltdown; nor did the millions of people who have discovered the
Fixed Index Annuity. This is a wonderful new concept, created by the
insurance industry during the 1990s to compete with the soaring stock

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