January 2010
Beginner
224 pages
5h 26m
English
Sally Sapher, age 60, is the epitome of financial caution. Despite the thousands of TV commercials, radio announcements, and newspaper stories touting the importance of global stock market investing for financial success, she is steadfast in her avoidance of stock market risk. Her parents lived through the Great Depression, and her uncle is said to have lost a large part of the family fortune in the stock market crash in the late 1920s. So, when Sally resolved to start saving for her retirement, she chose the safest product she could think of: U.S. government Treasury bills. For the past 19 years, at the end of every month, she has deposited $1,000 in her retirement savings account. ...