The overwhelming majority of workers should have 100 percent of their assets in stock, ... It's not risky at all. It's far riskier not to do this.
More Quotes from Ric Edelman:
So spread your wealth, and you should be fine. If you do, you can rest easy while the market shudders. Interest rates are cyclical they go up and they go down, ... Trying to ride that roller coaster is silly.Ric Edelman
The people who are taking these loans because it's the only way they can afford their house are exposing themselves to a lot of risk. They're not saving money and they're not building equity, which means they could find themselves in a scenario where they owe more money than their house is worth.
Ric Edelman
These things can be helpful when people are there voluntarily. But if they're mandatory, they may consider it punitive something to get through and just put in the time.
Ric Edelman
Does it help to send people to drunk-driving class after they're arrested
Ric Edelman
You are gambling on tax advantages being present in 20 years when you are ready to withdraw from the contract and I'm not convinced that's going to be true, ... I think that the consumer is generally unaware of certain material facts, particularly the tax risk and compensation issues.
Ric Edelman
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