You are dead on right. I hope you see this; I am late entering the thread because I just joined Lifehacker and Kinja about a week or so ago. I’m still poking around. Anyway, I was a competitive powerlifter for almost ten years, and I have a rack of trophies, mostly state and regional level. I started at 132, then 148,…

Thank you. Your post is now in my “Favorites” list for easy reference. Since I am new here, I appreciate these reposts. The info is concise and complete. I don’t have to run all over the net looking for stuff.

I have had similar frustrations with my friends on the subject of investing. I am from the United States, but I now live in Mexico, and none of my friends and family here save money or invest much at all. I can’t really blame them because mutual funds are scarce, and the banks here pay 3-4% annually in simple…