Would you give a total stranger 68% of all your life savings? You probably are and just don’t know about it. If you’re going to make some stranger a millionaire, you at least ought to know about it.
In case you haven’t heard, the Charles Scwab brokerage firm recently came out with an on-line automated investing program that they are advertising as Free! Here’s what’s hidden in the fine print:
Here’s something to think about this the next time you’re asked or tempted to provide “financial assistance” to a friend or family member.
Interest rates are still very low, making fixed income investments like bonds and CDs very unattractive. So what should you do if need income from your investments?