In the 2008 movie WALL-E mankind has left earth behind because it has become covered with trash from products sold by the Buy ‘N Large Corporation. WALL-E has been left behind to clean it all up. In one part of the movie, humans arrive at earth in a giant space ship. On board they ride around a space resort on hovering chairs watching screens and videos all day.
Many of you know of the program I oversee and help run through Dana Farber Cancer Institute. It is a pro bono financial coaching program for patients that are struggling financially due to the complexities a cancer diagnosis can bring to a family.
I was personally helping such a family when bad turned to worse.
As a Certified Financial Planner™ practitioner, the words "8% and guaranteed" would generally never be spoken in the same sentence.
I have heard ads in the past touting these types of high returns. However, upon further investigation, there were many pitfalls and caveats attached or just plain wasn't true.
One of the hardest things to do as an investor is to think logically, without emotion. The human mind will process facts but it is difficult to make decisions when there are conflicting opinions. This can give rise to confusion or even anxiety. In order to deal with this situation, another part of the mind intervenes—the emotional side.