Vic Smith wrote:
On Tue, 30 Jun 2009 21:14:19 -0700 (PDT), Tim
wrote:

You ready to take it int he shorts?

Who needs Vaseline when you're going to get the barbed wire-wrapped-
around-the-broom handle treatment.


http://www.chicagotribune.com/news/l...,4274002.story


What a mess. I think the biggest problem is those gold-plated
salaries and pension plans they're paying to state employees,
including college faculty.
That's the biggest danger of big gov, they vote themselves and their
cronies big money.
And the Dems want to borrow 2 billion instead of cutting spending or
raising taxes. WTF?
They should rely mostly on SS and 401k savings like just about
everybody else has to, and keep pensions within reason.
The Fed elected officials are probably worse.
They can print money.
Dead weight and featherbedders all over the place.
Hey, ever think about running for Congress?
Like winning the lottery if elected.
Thanks for getting me depressed. Don't you miss Blago?
Told ya. (-:

--Vic


After the recent debacle in the financial markets, and the obvious
demonstration that they are "run" by incompetents and just plain crooks,
why should anyone have to "rely mostly on ... 401k savings..." for their
retirement, based upon corporate stocks? In recent years, the stock
market has proved itself to be unreliable.

"HK" wrote in message
m...
Vic Smith wrote:
On Tue, 30 Jun 2009 21:14:19 -0700 (PDT), Tim
wrote:

You ready to take it int he shorts?

Who needs Vaseline when you're going to get the barbed wire-wrapped-
around-the-broom handle treatment.


http://www.chicagotribune.com/news/l...,4274002.story


What a mess. I think the biggest problem is those gold-plated
salaries and pension plans they're paying to state employees,
including college faculty. That's the biggest danger of big gov, they
vote themselves and their
cronies big money.
And the Dems want to borrow 2 billion instead of cutting spending or
raising taxes. WTF?
They should rely mostly on SS and 401k savings like just about
everybody else has to, and keep pensions within reason.
The Fed elected officials are probably worse. They can print money.
Dead weight and featherbedders all over the place.
Hey, ever think about running for Congress?
Like winning the lottery if elected.
Thanks for getting me depressed. Don't you miss Blago?
Told ya. (-:

--Vic


After the recent debacle in the financial markets, and the obvious
demonstration that they are "run" by incompetents and just plain crooks,
why should anyone have to "rely mostly on ... 401k savings..." for their
retirement, based upon corporate stocks? In recent years, the stock market
has proved itself to be unreliable.

Any decent 401k plan has more options than corporate stocks.

D.Duck wrote:
"HK" wrote in message
m...
Vic Smith wrote:
On Tue, 30 Jun 2009 21:14:19 -0700 (PDT), Tim
wrote:

You ready to take it int he shorts?

Who needs Vaseline when you're going to get the barbed wire-wrapped-
around-the-broom handle treatment.


http://www.chicagotribune.com/news/l...,4274002.story

What a mess. I think the biggest problem is those gold-plated
salaries and pension plans they're paying to state employees,
including college faculty. That's the biggest danger of big gov, they
vote themselves and their
cronies big money.
And the Dems want to borrow 2 billion instead of cutting spending or
raising taxes. WTF?
They should rely mostly on SS and 401k savings like just about
everybody else has to, and keep pensions within reason.
The Fed elected officials are probably worse. They can print money.
Dead weight and featherbedders all over the place.
Hey, ever think about running for Congress?
Like winning the lottery if elected.
Thanks for getting me depressed. Don't you miss Blago?
Told ya. (-:

--Vic

After the recent debacle in the financial markets, and the obvious
demonstration that they are "run" by incompetents and just plain crooks,
why should anyone have to "rely mostly on ... 401k savings..." for their
retirement, based upon corporate stocks? In recent years, the stock market
has proved itself to be unreliable.

Any decent 401k plan has more options than corporate stocks.



Indeed, but "investments" based upon shares predominate.
Why these days should one trust retail mutual funds, mutual fund
windows, institutional mutual funds, company stock, or, in fact, much of
anything to do with funds based upon shares?

Money market funds? Maybe.

HK wrote:
D.Duck wrote:
"HK" wrote in message
m...
Vic Smith wrote:
On Tue, 30 Jun 2009 21:14:19 -0700 (PDT), Tim
wrote:

You ready to take it int he shorts?

Who needs Vaseline when you're going to get the barbed wire-wrapped-
around-the-broom handle treatment.


http://www.chicagotribune.com/news/l...,4274002.story


What a mess. I think the biggest problem is those gold-plated
salaries and pension plans they're paying to state employees,
including college faculty. That's the biggest danger of big gov,
they vote themselves and their
cronies big money.
And the Dems want to borrow 2 billion instead of cutting spending or
raising taxes. WTF?
They should rely mostly on SS and 401k savings like just about
everybody else has to, and keep pensions within reason.
The Fed elected officials are probably worse. They can print money.
Dead weight and featherbedders all over the place.
Hey, ever think about running for Congress?
Like winning the lottery if elected.
Thanks for getting me depressed. Don't you miss Blago?
Told ya. (-:

--Vic

After the recent debacle in the financial markets, and the obvious
demonstration that they are "run" by incompetents and just plain
crooks, why should anyone have to "rely mostly on ... 401k
savings..." for their retirement, based upon corporate stocks? In
recent years, the stock market has proved itself to be unreliable.

Any decent 401k plan has more options than corporate stocks.


Indeed, but "investments" based upon shares predominate.
Why these days should one trust retail mutual funds, mutual fund
windows, institutional mutual funds, company stock, or, in fact, much of
anything to do with funds based upon shares?

Money market funds? Maybe.

LOL, the more you talk about finances, the more it is obvious how little
you know.

Tell us how you got out of the stock market and invested your money into
real estate. That must have hurt when the real estate market tanked.

--
Reginald P. Smithers III, Esq.

This Newsgroup post is a natural product. The slight variations in
spelling and grammar enhance its individual character and beauty and in
no way are to be considered flaws or defects

On Wed, 01 Jul 2009 08:46:50 -0400, Just Regigie
wrote:

Tell us how you got out of the stock market and invested your money into
real estate. That must have hurt when the real estate market tanked.

Reg my friend, Harry's financial and economic knowledge just about
matches his skill with science and math.

Zero.

Zombie of Woodstock wrote:
On Wed, 01 Jul 2009 08:46:50 -0400, Just Regigie
wrote:

Tell us how you got out of the stock market and invested your money into
real estate. That must have hurt when the real estate market tanked.

Reg my friend, Harry's financial and economic knowledge just about
matches his skill with science and math.

Zero.


D'uh. I see Mr. Certainty has returned, after a gentle prod from Reggie
Piece of ****.

Please tell us again, Mr. Certainty, about your knowledge of the product
line of Husqvarna tractors, the wisdom of buying a boat with a 20"
transom so you can fit a 25" shaft outboard to it, and, of course, how
your etecs provide a miles per gallon result that defies various laws of
physics.

On Wed, 01 Jul 2009 06:16:07 -0400, HK wrote:

Vic Smith wrote:
On Tue, 30 Jun 2009 21:14:19 -0700 (PDT), Tim
wrote:

You ready to take it int he shorts?

Who needs Vaseline when you're going to get the barbed wire-wrapped-
around-the-broom handle treatment.


http://www.chicagotribune.com/news/l...,4274002.story


What a mess. I think the biggest problem is those gold-plated
salaries and pension plans they're paying to state employees,
including college faculty.
That's the biggest danger of big gov, they vote themselves and their
cronies big money.
And the Dems want to borrow 2 billion instead of cutting spending or
raising taxes. WTF?
They should rely mostly on SS and 401k savings like just about
everybody else has to, and keep pensions within reason.
The Fed elected officials are probably worse.
They can print money.
Dead weight and featherbedders all over the place.
Hey, ever think about running for Congress?
Like winning the lottery if elected.
Thanks for getting me depressed. Don't you miss Blago?
Told ya. (-:

--Vic


After the recent debacle in the financial markets, and the obvious
demonstration that they are "run" by incompetents and just plain crooks,
why should anyone have to "rely mostly on ... 401k savings..." for their
retirement, based upon corporate stocks? In recent years, the stock
market has proved itself to be unreliable.

Uh, I piled up a lot of money saving into my 401k and I didn't touch
stocks. Always money market. The tax sheltering encourages savings.
The feds guaranteed a bottom on money markets else it all would have
fallen apart.
The biggest problem with the 401k system is that the money markets are
non-competitive. Wall Streets like it that way.
When I could pull my money out of that 401k I tripled my return by
rolling it into IRA CD's on the open market.
FDIC guaranteed.
Equities are a gamble, and always have been.

--Vic

Vic Smith wrote:
On Wed, 01 Jul 2009 06:16:07 -0400, HK wrote:

Vic Smith wrote:
On Tue, 30 Jun 2009 21:14:19 -0700 (PDT), Tim
wrote:

You ready to take it int he shorts?

Who needs Vaseline when you're going to get the barbed wire-wrapped-
around-the-broom handle treatment.


http://www.chicagotribune.com/news/l...,4274002.story

What a mess. I think the biggest problem is those gold-plated
salaries and pension plans they're paying to state employees,
including college faculty.
That's the biggest danger of big gov, they vote themselves and their
cronies big money.
And the Dems want to borrow 2 billion instead of cutting spending or
raising taxes. WTF?
They should rely mostly on SS and 401k savings like just about
everybody else has to, and keep pensions within reason.
The Fed elected officials are probably worse.
They can print money.
Dead weight and featherbedders all over the place.
Hey, ever think about running for Congress?
Like winning the lottery if elected.
Thanks for getting me depressed. Don't you miss Blago?
Told ya. (-:

--Vic

After the recent debacle in the financial markets, and the obvious
demonstration that they are "run" by incompetents and just plain crooks,
why should anyone have to "rely mostly on ... 401k savings..." for their
retirement, based upon corporate stocks? In recent years, the stock
market has proved itself to be unreliable.

Uh, I piled up a lot of money saving into my 401k and I didn't touch
stocks. Always money market. The tax sheltering encourages savings.
The feds guaranteed a bottom on money markets else it all would have
fallen apart.
The biggest problem with the 401k system is that the money markets are
non-competitive. Wall Streets like it that way.
When I could pull my money out of that 401k I tripled my return by
rolling it into IRA CD's on the open market.
FDIC guaranteed.
Equities are a gamble, and always have been.

--Vic


The money market rates available through 401(k)'s are far less than
impressive, and as you point out, don't approach those available via
insured CD's. Part of the problem here is that the employer or someone
contracted by the employer pretty much picks what
instruments/funds/money market funds are available for the choosing.

Too many Americans did not and still do not realize what a gamble
equities are, especially these days.