Zoocap

Ameritrade recently released results of a survey they conducted to Americans about their New Year’s resolutions. Almost 70% said they intended to save more money in 2008, 57% want to pay down debt, and almost 50% want to cut back on spending.  What’s the problem? Roughly half of all resolutions are abandoned by month-end, with over 75% breaking them by year-end. The biggest problem that stands in the way of these solid goals also came out in this survey: fear.  Most people think investing is scary, and that is caused mostly by the lack of financial education available to most.

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