Obama fails to get Nobel Prize in Economics
Jim wrote:
Jim wrote:
nom=de=plume wrote:
"Jim" wrote in message
...
Jim wrote:
wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some
control of
your 401. You might look at fixing that instead of blaming the
boogyman.
i did have control. i did what the right wing said to do: trust the
rich.
my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Excuse me. Who lost nearly half of his portfolio? Not me.
1/3 here. I wasn't quick enough to move it.
In hindsight, when Bush made that speech a year ago, where he
said,"Because of my incredibly bad leadership, you are all ****ed,"
I should have moved it right then.
I remember being amazed at that speech. I've never heard a
president panic the stock market as bad as that. I should have
known what the effects would be.
We were all taught the best tactic was to make your choices based on
the long term, don't move it around very often.
Following that advise makes it my fault I lost.
All the bitching about Obama's economy makes me wonder if anyone was
paying attention to the last 8 years.
My portfolio went down about 30%, but I didn't panic and basically
stopped looking. I finally checked last month, and I was about $200K.
I believe in dollar cost averaging, so I figured I'd be ok. I've been
using that strategy since I started earning money.
I'll second everything you said.
I now know that I should actively manage my 401, daily. Long term,
yes, but watching for a president that panics people is more
important. A financial planner I saw told me I should invest
according to my risk tolerance. Duh.
I keep moving my risk from about 6% to 30% and then back again. I'd
like to risk more, but am unsure, now, exactly how to do this
managing. It was all so much easier until a year ago when we all were
hit in the face with the realities of what can happen.
Thankfully I took personal finance in college and learned some things.
I feel badly for those who didn't attend college or didn't learn from
personal finance courses.
Those are the guys deeply in debt and can't figure out what to do
about it.
The more you want to make the more you have to risk. At this point in my
life I'm in preservation mode and this market didn't hurt me too badly.
Younger folks that took heavy losses will eventually recover if they
don't get greedy and try to get their money back too quickly.
Duh.
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