Wednesday, June 2, 2010

Are the Odds Against Us?

Asking that questions seems odd in and of itself.  Of course they are you might answer.  And any Baby Boomer would be correct in this assessment.

But somehow, we seem okay with this. We seek retirement or at least profess we do, often making it seem like some scalable mountain we are in training to ascend. Advice on how to do this, a feat we would rather not attempt, instead taking the paved route with the rest of the tourists, comes from all angles. Invest more, take some risks, approach the effort with no emotion, live frugally, budget, diversify, and the take fewer risks, get healthy, worry, and finally try to outlive your money in retirement by taking no risks.
And lurking in the background, not caring one whit about you in the long-term and perhaps, if it is possible, caring less about your future in the short-term. As I said, when it comes to Wall Street, the odds are against us.