24 Oct '11, 12am

Don't gamble with the grocery money | Energy Bulletin: But my grandfather--who didn't always follow his own advi...

My grandfather loved to gamble. So, it is no surprise that my father likes to gamble. I confess that even I enjoy the occasional challenge of facing an opponent when both us have a little skin in the game. But my grandfather--who didn't always follow his own advice--gave my father some advice which he has taken seriously and passed on to me, to wit: Don't gamble with the grocery money. It sounds simple enough. But the real trick is to figure out whether you are gambling with the grocery money. I began thinking about all this as I was seated next to a woman retiree on a train ride during a recent trip. We got to talking about the Occupy Wall Street protest, and we went on from there to talk about the stock market and retirement savings. I suggested to her that the retirement savings of the entire middle class of America are at grave risk. I explained that the seeds of that ...

Full article: http://energybulletin.net/stories/2011-10-23/dont-gamble-...

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