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Chapter Two<br />

escape will escape to countries that have lower taxes. In the Information<br />

Age, the term “offshore” won’t necessarily mean another country as a tax<br />

haven. Offshore could mean cyberspace.<br />

A Great Change Is at Hand<br />

I recall President John F. Kennedy warning, “A great change is at<br />

hand.” Well, that change is here.<br />

Investing without Being Investors<br />

The change from defined-benefit to defined-contribution pension<br />

plans is forcing millions of people throughout the world to become<br />

investors, with little investor education. Many people who have spent<br />

their lives avoiding financial risks are now being forced to take them.<br />

Most will find out when it comes time to retire whether they were wise<br />

investors, or careless gamblers.<br />

Today, the stock market is fueled by many things, one of which is<br />

non-investors trying to become investors. Their financial path looks<br />

like this:<br />

50

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