Monday, August 21, 2017
TD Ameritrade's "Green Room" doesn't exist in any universe I know
The couple in this commercial look to be about forty. And they are telling the TD Ameritrade guy that they've "carefully saved" $103,000 and are nervous about investing it because, after all, it took them a long time to save that $103,000 so it's super important that they don't blow it on bad investments....
Couple of things. First, if this couple really is about forty, they are at least 25 years from retirement and are still around a decade away from their peak earning years. At the rate they are going, they could expect to quadruple that amount at least without even trying. Which brings me to my next point...
This couple is not even trying. If they've "carefully saved" $103,000 and are just now thinking maybe of sorta investing if they can be sure the investments are safe, they have been stashing money away in a bank which is paying them no interest, meaning that every year they've been saving their hard-earned, carefully-hoarded money has been losing value. Their strategy so far has been one step above the Bury The Cash In Coffee Cans In The Backyard method. Idiots.
I suppose the TD Ameritrade guy is too good at his job to openly laugh and shake his head at these stupid people who apparently think that it's 1896 and a savings account at the neighborhood bank is the solid foundation of a retirement plan. So he'll suggest that rather than be concerned about $103,000 they've got saved up a freaking quarter-century before retirement, they ought to be thinking about making that money- and future "savings"- grow at a rate somewhat faster than the 1% they've been getting at the Safe As A Vault Because That's What You're Using It For bank.
Finally, I don't give a flying damn about these people. They are barely getting started and they've got $103,000 in savings? I hope an earthquake devours them and the pile of cash they are so damn proud of. I hate you people so damn much- but not as much as I hate the fact that there's a massive industry devoted to hiring grinning number-pushers dedicated to manipulating your cash to make other people rich in return for virtually no actual work. They make you jackwads look like saints.