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To: oldirtybastard who wrote (417873)	9/23/2011 9:57:39 AM
From: Rarebird	2 Recommendations Respond to of 436258

"At the end of 2010, there were 7,581 mutual funds in the United States with combined assets of $11.8 trillion, according to the Investment Company Institute (ICI), a national trade association of investment companies in the United States. The ICI reports that worldwide mutual fund assets were $4.7 trillion on the same date." en.wikipedia.org And how many independent Certified Financial Planners are there in the USA dispensing stock picking advice to individuals and running their entire portfolio? Even I did that in the 90's for a couple of the mothers of the children I tutored, who begged me to give them an income stream and increase their wealth when the husband passed away and the mother knew squat about finance, and above all, didn't trust anyone else but me to do the job properly. I agreed on two conditions: 1. fee, of course, which was reasonable (2 cents a share) 2. the mother agree to be tutored by me so I could empower her to learn and do this herself. The first stage in becoming productive is wanting to learn and becoming self-reliant. That is to say, learn to run your own portfolio and not have a Wall street slimeball do it for you, so you won't have to hire a whore or attorney to try to get back some of your money from the slimeball who churned your account and destroyed your wealth. If you are going to lose money, you should take responsibility and do it yourself and not have someone else do it for you. The second stage of productivity is doing a good job; that is to say, achieving the desired result. Wall Street would have you believe that only they can achieve that desired result, that you should focus on your career and let them take care of your finances and increase your wealth. What a bunch of horsesh*t. Most of these people in the financial industry are incompetents who can't do anything outside of pushing buttons on a machine. That's why the machine, the super computer has taken over their jobs. They are the biggest liars, the biggest slimeballs, the biggest incompetents on the planet. I agree with Entitlement: let all the young tycoons on Wall Street, go to Iraq and Afghanistan and drop dead for their version of "freedom". The financial suicide bombers are on Wall Street and in Congress. USA is fast becoming a third world country; the brunt of the work has been offshored where others do the productive work. Unless it is checked, Greed causes lack of productivity.