Comments on: What the Heck are Some People Thinking? http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 21 Nov 2009 13:00:57 -0800 http://wordpress.org/?v=abc hourly 1 By: dimes http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/comment-page-1/#comment-77782 dimes Mon, 19 Feb 2007 04:21:30 +0000 http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/#comment-77782 Notice he wasn't a *Navy* officer ;-) Besides, I'm sure he's getting a pension and his Social Security check. He's not hung out to dry, perhaps, but probably pretty irked. Notice he wasn’t a *Navy* officer ;-)
Besides, I’m sure he’s getting a pension and his Social Security check. He’s not hung out to dry, perhaps, but probably pretty irked.

]]> By: The Sunday Review #8 » Money, Matter, and More Musings http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/comment-page-1/#comment-77531 The Sunday Review #8 » Money, Matter, and More Musings Sun, 18 Feb 2007 15:33:44 +0000 http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/#comment-77531 [...] What the Heck are Some People Thinking? by JLP @ AllFinancialMatters.com: JLP makes a very important point with an example of a scammer who robbed someone of “his entire life’s savings“. Diversify people! For those who still don’t get it, here is the meaning of the word *diversify* according to Answers.com: [...] [...] What the Heck are Some People Thinking? by JLP @ AllFinancialMatters.com: JLP makes a very important point with an example of a scammer who robbed someone of “his entire life’s savings“. Diversify people! For those who still don’t get it, here is the meaning of the word *diversify* according to Answers.com: [...]

]]> By: Independent George http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/comment-page-1/#comment-76208 Independent George Fri, 16 Feb 2007 00:36:19 +0000 http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/#comment-76208 I'm not sure that 'greedy' is the best way to describe the victims; that would imply that their desire for money led them to ignore the risks. It seems more likely to me that the converse was true - their inability to evaluate risks led them to put money into what they (errantly) thought was a safe investment. I’m not sure that ‘greedy’ is the best way to describe the victims; that would imply that their desire for money led them to ignore the risks. It seems more likely to me that the converse was true – their inability to evaluate risks led them to put money into what they (errantly) thought was a safe investment.

]]> By: Moneymonk http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/comment-page-1/#comment-76116 Moneymonk Thu, 15 Feb 2007 18:51:57 +0000 http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/#comment-76116 76 years old ! He should be somewhere chillin in the carribean. I would not be thinking about investing at that age. I will have all I need. I guess he got greedy. 76 years old ! He should be somewhere chillin in the carribean. I would not be thinking about investing at that age. I will have all I need. I guess he got greedy.

]]> By: yabadaba http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/comment-page-1/#comment-76110 yabadaba Thu, 15 Feb 2007 18:31:54 +0000 http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/#comment-76110 maybe he attended kiyosaki and trump's seminar sessions. maybe he attended kiyosaki and trump’s seminar sessions.

]]> By: eR0CK http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/comment-page-1/#comment-76108 eR0CK Thu, 15 Feb 2007 18:30:43 +0000 http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/#comment-76108 Far too many people in my age group don't even recognize the huge benefits of saving money for retirement .... much less putting any money saved into one basket :-( Far too many people in my age group don’t even recognize the huge benefits of saving money for retirement …. much less putting any money saved into one basket :-(

]]> By: KMC http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/comment-page-1/#comment-76069 KMC Thu, 15 Feb 2007 16:23:55 +0000 http://allfinancialmatters.com/2007/02/15/what-the-heck-are-some-people-thinking/#comment-76069 The incompetence was Mr.Cayo's. You're 76 years old! Like JLP said, you shouldn't be putting your life savings into ANYTHING. And I include Treasuries in that category; not because I think they're anything but bulletproof, but because you need to grow capital, even at his age. Anyway, clearly this investor was simply greedy. The incompetence was Mr.Cayo’s. You’re 76 years old! Like JLP said, you shouldn’t be putting your life savings into ANYTHING. And I include Treasuries in that category; not because I think they’re anything but bulletproof, but because you need to grow capital, even at his age. Anyway, clearly this investor was simply greedy.

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