Released: September 06, 2007

No free lunch for investors

Source: Michelle Singletary, Washington Post (Free Registration)

I’m not quite ready for membership in AARP, but increasingly I’ve been getting invitations in the mail for me and my husband to attend investment seminars that promise to help us ensure we have enough money to retire.

The notices use all the right buzzwords. But I have a special place for those invitations - the trash.

You may be promised a free lunch or dinner, but the meal may cost you much more. The meetings follow the same form: Herd in people. Scare them to death with tales of how they won’t have enough money when they retire. Or promise amazing returns or access to investment products available only to a select group.

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