I was young once upon a time. I worked, saved my money as much as I could. I was told that if I invested in a registered retirement savings plan, I could use the investment as a tax deduction. And, prepare for my retirement. At the end of the year, I went to the bank to invest my money in a registered retirement savings plan. The young man who assisted me had all kinds of suggestions to make. It was the height of the hi tech bubble and most of his suggestions involved investing in that sector of the economy. Inexperienced, I listened to him - much to my regret, later. The high tech sector collapsed and so did my investments. In fact, if I still held on to them, I would not as yet have recouped my investment. I wasn't going to make the same mistake again. So, I asked friends about their investments, read the business section of the newspaper and joined an investment club.
Tomorrow, I will tell you about that experience.
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