I'm watching these Saturday morning investment shows, and it is funny to watch the move that they have been making in recent years from the three legged stool (Social Security, personal savings and pensions) of investing to a "wobbly" pogo stick of Social Security for retirement income.
The reality is that your retirement in all three areas has been transferred to pay for wars, Obamacare and other government windmill jousting. According to former Federal Reserve Chairman Alan Greenspan's book, "The Map and The Territory," government expanded Medicare and indexed Social Security to price inflation about 3% faster than was sustainable since 1965 (49 years and counting).
My suggestion to young people is to get as much education as you can in fields you enjoy working in for a very long time (no retirement), and then see if you can leave the Keynesian-Marxist USA. I'd make a big part of your education Economics and some technical field (i. e. Electronics). Economics will show you where the dangers are along the road of life, and Electronics will make you employable in all markets.
I'd suggest you read, "The New Buffettology," by Mary Buffett and David Clark and "The Intelligent Investor" and "Security Analysis," both by Benjamin Graham. I had the privilege of interacting with David Clark for a couple of years on the Internet back in the 1990's, and this kicked opened the doors for me to interact with Warren Buffett on a limited basis over the decades. Ben Graham was Warren's teacher at Columbia University.
If you plan to stay committed to America, you will be best prepared for the headwinds of Keynesian-Marxism with these books, along with a subscription to the hard copy of "Value Line Investment Survey."
At the end of the day, depend on the skills you can take with you. Assets are fleeting in a Marxist environment like we have in America.
Gene Chapman, CEO
Libertarian Global Library and Book Exchange
gkchapman2012@hotmail.com
