Before 1980, it was basically illegal for U.S. banks to invent new products.
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Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks.Scott Cook
People don't place their trust in government or company pension plans; they have to be self-reliant.
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Fifty years ago wealth was stored and transmitted physically through gold bars, stock certificates, bank notes, and coins.
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Technology is similarly just a catalyst at times for fundamental forces already present.
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Well, today people have to be self-reliant if they want a secure retirement income.
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