What went wrong?

[Phoenix7]

Folks my parents had said , "Always remember to put something away for a rainy day"......how right they were! Unfortunately this poor chap did not save enough for his retirement . To ALL the young people out there READ this gentleman's story you WILL learn something! http://www.bloomberg.com/news/2013-0...g-burgers.html

[Duniyo]

Mismanagement will bankrupt infinity.

[Phoenix7]

Mismanagement will bankrupt infinity.

Apparently he did not follow Mr Market's Picks LOL

[Duniyo]

Apparently he did not follow Mr Market's Picks LOL

LOL! Seriously if you think about it he would have been in better shape if he followed Mr. Market last decade. Maybe we should point him the "righteous" path now

[Phoenix7]

LOL! Seriously if you think about it he would have been in better shape if he followed Mr. Market last decade. Maybe we should point him the "righteous" path now

Had he placed many years ago in his portfolio MO, O , AAPL and a few others he would have been sitting pretty!