IMO - there should be more than 1 option - I stated on a previous post that the minimum wage folks should stay in this system as it is geared to their maximum benefit but there are those who are capable of managing their own finances that should be allowed to do so, with certain restrictions - the main one being no withdrawals.
In the dotcom meltdown I was gaining about 12/15% a year while many who were clients of a planner who ran dogs managed to lose up to 75% of their principal & it has not come back. After talking about those returns for a short time, I just shut up, people don't like to be reminded how stupid they are. The darlings of that era MSFT, CSCO, Sun, Oracle - what's their return 02-12?
Risk - reward ratio is a good way to stay away from high flyers - Unless the potential exists for a 10 bagger the stock is overpriced - speaking of growth stocks - a stock paying a reasonable dividend that can double is probably fairly safe also.











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