6/22/2009 6:20:17 PM
When I learned that I was with a baby. I opened a mutual fund account with one of the banks that are being bailed-out today.
The guy who assisted in opening an account is now an employee for one of the big fast food restaurant and making a lot of money. A matter of fact, I opened the account on Friday and it was his last day at the bank.
Anyway, he told me "like driving a little faster, you want your money to grow than just staying in a savings account". Well, $250 every month going into the account. By the time I closed the account,there was no growth of the money I have put into that account.
It is funny though. I still hear about him from my tenants whom are paying me money and trying to get the guy who has a lot of influence with the fast food restaurant to let my tenants open one of his own in Co.
Every time, someone talked about Mutual Fund, I thought about him.