FullMetalFever
Member
Good thread.
I used to consider myself well financially educated - i.e. I had read the foundation books (Rich Dad Poor Dad, Richest Man in Babylon, Think and Grow Rich) and many others on specific investment classes, but mainly real estate and shares
I had more than one property, had dabbled in shares, managed funds, CFDs, etc. and had very mainstream views on how I would achieve financial independence (mind you even this amount of reading and mainstream thinking is above 95% of the population - IMO).
Then a number of factors led me to this site and I started doing some more reading, including 2 Rolling Stone articles on Goldman Sachs. I was dumbfounded! And a bit scared and angry at the same time. I realised things did not work the way I had always thought.
So I've been making up for lost time ever since and aggressively growing my stack and reshuffling priorities.
While I always felt a little disconnected with the average person (no idea of economics, world issues, glued to facebook, reality tv, etc) and often saw the masses getting off the trains in the morning as rodents on their way to the treadmill, that disconnect has grown substantially since I've seen the light.
So to answer the question, no I don't think the penny will drop for the general populace until its literally smacking them in the face.
As it is, those who I try to speak to about the issues we're facing at the moment, and my investment in PMs look at me as if I'm a little crazy (a question I have pondered myself many times both before and after).
Now I just hope that I have time to reach my goals before the SHTF - a good smackdown would go a fair to helping with that.
I used to consider myself well financially educated - i.e. I had read the foundation books (Rich Dad Poor Dad, Richest Man in Babylon, Think and Grow Rich) and many others on specific investment classes, but mainly real estate and shares
I had more than one property, had dabbled in shares, managed funds, CFDs, etc. and had very mainstream views on how I would achieve financial independence (mind you even this amount of reading and mainstream thinking is above 95% of the population - IMO).
Then a number of factors led me to this site and I started doing some more reading, including 2 Rolling Stone articles on Goldman Sachs. I was dumbfounded! And a bit scared and angry at the same time. I realised things did not work the way I had always thought.
So I've been making up for lost time ever since and aggressively growing my stack and reshuffling priorities.
While I always felt a little disconnected with the average person (no idea of economics, world issues, glued to facebook, reality tv, etc) and often saw the masses getting off the trains in the morning as rodents on their way to the treadmill, that disconnect has grown substantially since I've seen the light.
So to answer the question, no I don't think the penny will drop for the general populace until its literally smacking them in the face.
As it is, those who I try to speak to about the issues we're facing at the moment, and my investment in PMs look at me as if I'm a little crazy (a question I have pondered myself many times both before and after).
Now I just hope that I have time to reach my goals before the SHTF - a good smackdown would go a fair to helping with that.