* * * * *
“Because it's never to early to plan for retirement”
Today, Bunny dragged me along to a retirement money management seminar being
held at the upscale Boca Raton restaurant Pete's [1] (which I've always
confused with Pete Rose's Ballpark Café which is just down the street. The
difference? You don't have to take out a second mortgage to eat at Pete
Rose's). She received an invite over a week ago, and since it included a free
dinner ... Spend an hour listening to a financial pitch to eat a gourmet
dinner?
If there's one thing I learned in college, it's “never turn down free food.”
The pitch wasn't that bad actually, much less intensive than the web seminar
[2] we attended a month ago, but I do have to wonder about some of the
investment programs presented—100% upside, no downside, and some with a
payout of 110%? The money has to come from somewhere, and my gut feeling is
that it comes from the expansionist money policy the Fed promotes by keeping
interest rates dangerously low and inflating the money supply while severely
underreporting inflation (so let's see—keep interest rates low and crater the
dollar overseas, or strengthen it by increasing interest rates but risk the
already shaky mortgage industry and cratering our economy domestically).
But I'm not an economist, nor an accountant, so what do I know?
Anyway, the food was quite good, although Bunny felt that the cinnamon
overpowered the subtle flavor of the sweet potatoes (while personally, I felt
the cinnamon masked the flavor of the sweet potatoes enough to make them
palatable, but then again, I'm not a fan of sweet potatoes). The meal was
definitely worth the hour pitch for the financial company offering the
seminar.
[1]
http://www.petesbr.com/
[2]
gopher://gopher.conman.org/0Phlog:2007/04/20.1
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