For some, The Candy Man is a fun ditty from the 1971 movie “Willie Wonka and The Chocolate Factory.” The phrase, however, has its origins in a much more sinister past. As stated in the May 1976 article of the Oxford Journal, the etymological origins of the term “candyman” are rooted in a historic coalminers’ strike of 1863 England. The mining companies of that day hired itinerant confectionary salesmen to help evict striking miners from company-supplied housing. The phrase candyman soon became a derogatory term representing someone who appears to be harmless and kind, but has unperceived malintent.<\/p>\n
The 60’s revolution brought new meaning to the phrase. The modern candyman became the conniving drug pusher who offers unaware teens a “good time” through free or low cost drugs. His strategic marketing plan was simple and has survived to this day – get kids hooked now and garner huge profits later.<\/p>\n
Sadly, some who offer financial advise have taken a page out of the candyman’s playbook. The promise of sagacious advice that will enhance one’s wealth, access to elite and high-performing investment products, and of course, eye-popping performance statistics ridden with fine print qualifiers, lure the investor in. Quietly, the needle is slipped into the investor’s brokerage account and invisible, hard to detect commissions, management, 12b-1, trading, and front-end and back-end fees drain away hard-earned savings. Wall Street reaps huge rewards while investors slowly and quietly lose.<\/p>\n
Discharging the investment adviser candyman is often a scary proposition. But like many MarketRiders members have found, liberation from high priced investment help is good for the spirit as well as the retirement account.<\/p>\n","protected":false},"excerpt":{"rendered":"
For some, The Candy Man is a fun ditty from the 1971 movie “Willie Wonka and The Chocolate Factory.” The phrase, however, has its origins in a much more sinister … Read more