ole joyful's rant to his (federal) Member of Parliament's office
Won't reiterate here - but check it out over on "Kitchen Table, under title of "My memorable week-ago Wednesday morning" or something similar.
Best do it soon after today, May 17, as the pages move about a page a day, over there, so it'll drop off of p. 67 in 2 - 3 months, likely.
The compliance officer overseeing the work of my mutual fund guy criticized him for allowing an old guy over 80 to be willing to accept "moderate" risk in his investments, aiming at "growth" ... which is what he should have done ... but my advisor argued, saying that his 80-year-old was familiar with investments, and knew what he was doing. So they had me initial those choices that I'd made.
Then I visited a local (federal) Member of Parliament's office to ask whether they knew how our government's shooting many of their citizens in the foot, especially seniors. (They recently rescinded a former law requiring the registry of long guns - we've had one regulating pistols for decades).
Basically, in setting interest rates low, meaning that many are getting minimal return on investments ... as are many pension funds.
While printing money ... which, sooner or later, brings inflation ... which reduces the value of one's dollar-denominated assets.