"Vic Smith" wrote in message
...
On Tue, 22 Jan 2008 15:33:41 GMT, "JoeSpareBedroom"
wrote:
"hk" wrote in message
m...
JoeSpareBedroom wrote:
"hk" wrote in message
news
wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk
wrote:
IBM is still in business?
They actually opened a couple bucks higher today. It is still about
16-17 bucks off the 52 week high. I am still not sure what they do
these days
Except for two stocks, we got out of the stock market years ago and
don't really pay any attention to it, except to chuckle over its
vagaries and the belief anyone pays to its "integrity."
What a silly generalization.
Perhaps you believe in the "generally accepted accounting practices" of
listed companies. We don't.
OK. What investments do you use which have consistently stayed ahead of
inflation?
I never bought stocks, and any profit sharing stocks were quickly
liquidated and put in my 401k money market fund. Poor interest, but
not much risk. As soon as I could pull money from the 401k it went
into federally insured IRA CD's. Decent interest (+5% for the last
two years, and hardly any risk.
Now, how did I stay ahead of inflation?
Simple. I kept my salary inflated.
--Vic
As long as the 401k money market was your choice, not your employer's, I
guess you're happy. Hopefully, there were other investment choices with that
401k. Companies have been taken to court and beaten up badly for offering
only what they considered "safe".