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Letter: Don't take investment advice from right wingers

Published February 4, 2014 1:01 am
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Kudos to Josh Kanter's math ("Legislative Gold Rush is forgotten," Opinion Feb. 2) showing that all who followed Beck, Limbaugh and Hannity down the gold hoarding path in 2010 have lost 35 percent of their nest eggs in the four years since then.

But, to complete the humiliation, it should be noted that those who refused to believe that the Obama era would bankrupt America and, instead, put that retirement money into the Dow Jones Industrials actually increased holdings by approximately 50 percent. The Dow went from 10,000 in 2010, the legislative session mentioned by Mr. Kanter, to the current neighborhood of more than 15,000.

Did you lose 35 percent listening to anti-government doom and gloomers, or did you gain 50 percent listening to your inner voice of reason?

If you are happy with your results, fine. If not, maybe you need to listen to different pundits.

Stan Rosenzweig

Cottonwood Heights




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