It looks like you're new here. If you want to get involved, click one of these buttons!

I'm trying to imagine the meeting where someone saidScheria is a mythical place in ancient Greek mythology that was the home of the legendary and mysterious Phaeacians, who were known to be masters of the seas. The first reference to this place is found in Homer’s Odyssey.
If we start with the etymology of the word Phaeacians, we will see that the first part ‘Phaios’ means ‘Grey’, probably referring to them as dark skin people. According to Homer, the kings of the Phaeacians where ancestors of the God Poseidon and started with one of his sons, Phaeax.
Phaeacians were the beloved of the Gods but also friends to humans. Their place of abode was initially mentioned to be far away at the end of the world. They were relatives to the Gods in the same way as Cyclopes and Giants were too. When Cyclopes attacked the Phaeacians then they had to move to Scheria the ‘island of the Phaeacians’, which was probably an island of unknown location (I say probably because Homer doesn’t clarify if it was an island or a place next to the sea).
The island of the Phaeacians was the last destination of Odysseus before arriving to Ithaca. Therefore, we could assume that it could be a place close to Ithaca. That assumption gave birth to the suggestion that the island of the Phaeacians was the Greek island Corfu. Corfu is one island close to Ithaca and it matches the description of Scheria in the Odyssey. However, no excavations have brought to the surface any evidence for the mythical civilization of the Phaeacians. Furthermore, the island is so close to Ithaca that it wouldn’t have taken one night for Odysseus to arrive, as written in the Odyssey.
How Millennials Can Get Rich SlowlyWould you believe me if I told you that there’s an investment strategy that a seven-year-old could
understand, will take you fifteen minutes of work per year, outperform 90 percent of finance
professionals in the long run, and make you a millionaire over time?
Well, it is true, and here it is: Start by saving 15 percent of your salary at age 25 into a 401(k) plan,
an IRA, or a taxable account (or all three). Put equal amounts of that 15 percent into just three
different mutual funds:
A U.S. total stock market index fund
An international total stock market index fund
A U.S. total bond market index fund.
Over time, the three funds will grow at different rates, so once per year you’ll adjust their amounts so
that they’re again equal. (That’s the fifteen minutes per year, assuming you’ve enrolled in an
automatic savings plan.)
That’s it; if you can follow this simple recipe throughout your working career, you will almost
certainly beat out most professional investors. More importantly, you’ll likely accumulate enough
savings to retire comfortably.
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla