nom=de=plume wrote:
"Jim" wrote in message
m...
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.


I actually don't believe in the daily management of investments. I look
once, maybe twice a quarter. If see something is out of wack with my
long-term plan, then I adjust accordingly. Otherwise, I'm loath to do
anything or make a change.

This was according to the common advice of the day. After the losses, it
was pointed out that we should all take an active interest in our
investments. It was our fault we didn't act to protect our 401s.

I lost $80,000 in a couple of days that I could have saved if I were
more on top of it. I did save another $50,000 by putting my savings
plan on stable value.

I've made some of it back. Would be in a better place if I had acted
sooner. That's the lesson, don't put it on automatic and wait some
artificial time period.

The biggest loser in my portfolio is my real
estate mutual fund. But, there's no reason to panic about it. It'll come
back eventually.

Real estate is nothing more than a Ponzi Scheme. When everyone was
refinancing weekly and buying property they couldn't possibly afford I
should have known.

It really depends on how long you have. If you're in the
later part of your working career, then you should slowly but deliberately
be moving toward a lower-risk mix of stocks, bonds, and real property. In my
case, I have (I'm hopeful) 20+ years before I'm in the later part. I have a
pretty volitile mix, but I can stand it if I don't look too much. lol

I have a friend who has her stuff "managed" by Fidelity's program. She's
doing fine, but giving up a few percent so she doesn't have to do anything.
I'd rather do it myself (you can follow their advice without having to pay
for it with just a tiny bit of research) and save the percent.


I decided to give my financial planner a miss. I know I have to manage
my money myself.

"wf3h" wrote in message
...
On Oct 12, 12:32 pm, "CalifBill" wrote:
"wf3h" wrote in message

...
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

And Obama gave a trillion bucks to the same rich people.

they left him no choice. they trashed the banking system then told the
middle class they'd lend no money unless we paid for their mistakes

Enough so that
bankrupt AIG could give million in bonus bucks. Enough that Bankrupt
GoldmanSaks could give out 6.5 billion bucks. Yup, Obama is taking care of
the idiots oops make that non rich people.

idiots like george bush

reply:
Go back to school and pay attention this time in Econ 101.

On Oct 12, 4:28*pm, Canuck57 wrote:


Then by that logic, Bush should get the Nobel prize Obama just got.
Can't have it both ways and say there is a rational bone in your body.-

i'll type this slowly 'cuz i know you're a right winger and can't read

obama didn't win the ECONOMICS prize. see...economics deals with M O
N E Y

he won the PEACE prize because he decided to change bush's views on
destroying the world

On Oct 12, 7:31*pm, "CalifBill" wrote:
"wf3h" wrote in message


bankrupt AIG could give million in bonus bucks. Enough that Bankrupt
GoldmanSaks could give out 6.5 billion bucks. Yup, Obama is taking care of
the idiots oops make that non rich people.

idiots like george bush

reply:
Go back to school and pay attention this time in Econ 101.

ROFLMAO!! graduate work in economics at the rauch school...

sorry, dude. your answer is no answer at all...typical for the right
wing

Jim wrote:
Canuck57 wrote:
wf3h wrote:
On Oct 12, 3:58 pm, John H wrote:
On Mon, 12 Oct 2009 11:25:04 -0700 (PDT), wf3h
wrote:





On Oct 12, 12:35 pm, Canuck57 wrote:
wf3h wrote:
my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Instead of envy, distrust and hate of the rich, learn to think like
them. They have people paid big bucks to keep them out of financial
trouble, certainly more than you or I can afford.
how does one think like a thief who bribes politicians when one has no
money to bribe politicians?
When government said nothing to worry about re-debt markets in
2007 and
again in 2008, this was your/our first red flag.
me and ever nobel prize winning economist on the planet.
You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not.
yeah. they inherit it and bribe politicians to game the system so we
have NO choice BUT to invest with them.
so the REAL answer is to change the system instead of doing like YOU
recommend which is to pat them on the back for being such good thieves
And the reason is simple,
they do their research and humbly and rationally know the markets
on how
they really operate.
bull****. pure bull****. if they did so, they wouldnt have to come to
me and ask me to bail them out after they stole my money
They didn't come to you. 'Bama came to you. And, like a dummy, you
said OK.-

guess you forgot bush was president the last 8 years.

i'll just keep repeating this since it's obvious you have alzheimer's

Then by that logic, Bush should get the Nobel prize Obama just got.
Can't have it both ways and say there is a rational bone in your body.

Obama got the Nobel Peace Prize, not for economics. That's a different
subject. Are you really that dumb?

Bush started too many wars that didn't need to happen to get a peace
prize. The economic results weren't any better, eliminating any chance
for that prize either.

The Afghanistan war was so poorly managed that we spent 7 years fighting
with no actual accomplishment. That should warrant a jail term, not a
peace prize.

History won't be kind to Bush and I'm sure he knows it.

So you think Obama should get a Nobel prize for 8 months....

Yet isn't responsible for $1.3B trillion debt-spend in the same period???

You have a serious rationality disorder if you think that way.

I do agree with certain of your statements of the war, be it Bush or
Obama, we need to quit pandering to Afgan BS or get the hell out. Let
the Saudis fund their own protection. But there is no delivery of
pease, just US, Canadian and other dead friendlies.

"Jim" wrote in message
m...
nom=de=plume wrote:
"Jim" wrote in message
m...
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.


I actually don't believe in the daily management of investments. I look
once, maybe twice a quarter. If see something is out of wack with my
long-term plan, then I adjust accordingly. Otherwise, I'm loath to do
anything or make a change.

This was according to the common advice of the day. After the losses, it
was pointed out that we should all take an active interest in our
investments. It was our fault we didn't act to protect our 401s.

I lost $80,000 in a couple of days that I could have saved if I were more
on top of it. I did save another $50,000 by putting my savings plan on
stable value.

I've made some of it back. Would be in a better place if I had acted
sooner. That's the lesson, don't put it on automatic and wait some
artificial time period.

The biggest loser in my portfolio is my real
estate mutual fund. But, there's no reason to panic about it. It'll come
back eventually.

Real estate is nothing more than a Ponzi Scheme. When everyone was
refinancing weekly and buying property they couldn't possibly afford I
should have known.

It really depends on how long you have. If you're in the
later part of your working career, then you should slowly but
deliberately be moving toward a lower-risk mix of stocks, bonds, and real
property. In my case, I have (I'm hopeful) 20+ years before I'm in the
later part. I have a pretty volitile mix, but I can stand it if I don't
look too much. lol

I have a friend who has her stuff "managed" by Fidelity's program. She's
doing fine, but giving up a few percent so she doesn't have to do
anything. I'd rather do it myself (you can follow their advice without
having to pay for it with just a tiny bit of research) and save the
percent.


I decided to give my financial planner a miss. I know I have to manage my
money myself.


Oh... I see what you're saying.

--
Nom=de=Plume

"nom=de=plume" wrote in message
...
"CalifBill" wrote in message
m...

"wf3h" wrote in message
...
On Oct 12, 12:23 pm, John H wrote:
On Mon, 12 Oct 2009 11:40:01 -0400, 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.

He has blamed everyone *but* the person responsible for his terrible
loss - himself.

really? i caused the collapse of the economy?

well let's tally up shall we?

the right wing believes i personally am responsible for the collapse
of the economy

it also believes obama's been president for the last 8 years

and on that basis it thinks it has everything figured out..

no wonder they got their asses handed to them in the last election

It started under Clinton. Bush did not help the situation. But Clinton
wanting to make sure of his reelection partnered up with ACORN and gave
the OK for lots of loans that were not able to be repaid. Paulson and
Wall Street jumped on these loans and turned them in to bonds, gave them
a AAA rating and sold them to the 401K's, etc. The next foreclosure wave
is starting. The $500k homes. people making $50k a year can not afford
the loan on a home 10x their income. Clinton's appointee Raines, should
have had to return all the stolen money, times maybe 2x and gone to jail.
but the Justice dept under the Executive branch cuts a deal with him for
the return of $5 million and lets him keep the $95 million.

You should really drop the ACORN nut. It's stale and has no nutritional
value. It's an empty shell of an argument. Ok, enough puns for the day...

--
Nom=de=Plume


Can not drop the nut. Is a critical part of the disaster.

"wf3h" wrote in message
...
On Oct 12, 7:31 pm, "CalifBill" wrote:
"wf3h" wrote in message


bankrupt AIG could give million in bonus bucks. Enough that Bankrupt
GoldmanSaks could give out 6.5 billion bucks. Yup, Obama is taking care
of
the idiots oops make that non rich people.

idiots like george bush

reply:
Go back to school and pay attention this time in Econ 101.

ROFLMAO!! graduate work in economics at the rauch school...

sorry, dude. your answer is no answer at all...typical for the right
wing

Are you sure it was not the Runch School. If you had paid attention or
understood the material, you would not be broke. You economic activity says
very little for your economic education or the school you supposedly
attended.

"wf3h" wrote in message
...
On Oct 12, 7:31 pm, "CalifBill" wrote:
"wf3h" wrote in message


bankrupt AIG could give million in bonus bucks. Enough that Bankrupt
GoldmanSaks could give out 6.5 billion bucks. Yup, Obama is taking care
of
the idiots oops make that non rich people.

idiots like george bush

reply:
Go back to school and pay attention this time in Econ 101.

ROFLMAO!! graduate work in economics at the rauch school...

sorry, dude. your answer is no answer at all...typical for the right
wing

Reply:
Where is the rauch school? James Rauch is an economic prof at UCSD, but is
not his school. It rauch equivalent to Wharton?

On Oct 13, 2:22*am, "CalifBill" wrote:
"wf3h" wrote in message

...
On Oct 12, 7:31 pm, "CalifBill" wrote:

"wf3h" wrote in message

bankrupt AIG could give million in bonus bucks. Enough that Bankrupt
GoldmanSaks could give out 6.5 billion bucks. Yup, Obama is taking care
of
the idiots oops make that non rich people.

idiots like george bush

reply:
Go back to school and pay attention this time in Econ 101.

ROFLMAO!! graduate work in economics at the rauch school...

sorry, dude. your answer is no answer at all...typical for the right
wing

Are you sure it was not the Runch School. *If you had paid attention or
understood the material, you would not be broke. *You economic activity says
very little for your economic education or the school you supposedly
attended.


ROFLMAO!!! hey idiot. me and a hundred million other hard working
americans are in the same boat...as is harvard's endowment.

i realize that 'faux news' tells you everything is fine 'cuz the bush
family is still rich, but to middle class america, ain't alot of fun
out here.

now go home and get your shinebox