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bpuharic

On Mon, 12 Apr 2010 18:17:27 -0400, wrote:

On Mon, 12 Apr 2010 17:37:00 -0400, bpuharic wrote:

what happened to the 9
trillion in 401K's and other investments that wall street told us were
safe?

If your 401k hasn't recovered yet you better seriously look into
changing to a better money manager.

do you know mathematics?

do you know equities, bonds, securities, etc?

no one in my age group has had their 401K's recover yet. Stocks are at
11,000, a far cry from 14,000 2 years ago.

and average drop in 401K's was 35%. For a 100K investment this means
35K drop.

so a 100K investment 3 years ago is worth 65K today. to go from 65K to
100K is 50%.

there are no major market increases of that magnitude in the last 2
years.

for YOUNG people that's possible. their 401K increases are being
driven by the matching contributions from their employers, so 50% is
possible

NOT for a mature 401K like mine.

you're an idiot.

If they were doing their job the would have sold into that decline and
bought the hell out of the bottom. Now that the market is close to
where it was a few years ago they should be showing a tidy profit.

uh no. the market is still about 35% below where it was at 14,000

I am just a dumb old working class redneck and I did fine.
I am sitting an a couple "doubles" and a "triple".

that you're dumb is simply fact.

that you're a redneck is beyond dispute.

that your 401K has recovered simply means you had no investments to
begin with.