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

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.

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

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.

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.

"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.

--
Nom=de=Plume

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.

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

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.

When government said nothing to worry about re-debt markets in 2007 and
again in 2008, this was your/our first red flag.

The second one was interest rates versus deposit yeild rates inverting.
A huge red flag as it has been a reliable indicator of recession for
over 100 years.

You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not. And the reason is simple,
they do their research and humbly and rationally know the markets on how
they really operate. They don't get sucked into BO feel good talk, it
is about rationale and the numbers. Nothing else.

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

what the hell do you smoke?

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?

Don't mistake real capitalist-conservatives with corrupted types. Big
difference. You can be a leftist-socialist and corrupt, in fact that is
where the worst of it is.

Because the left promises a lot, delivers little but to the coffers of
the government.

Corruption from any sector, be it business or government robs from us all.

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.

I don't bribe politicians, but anticipating the non-causal relationship
between the CEO's of GM, Chrysler, Ceberus, Carlyle etc. sure rewarded
me, I bough Ford at $2.50 or less and sold out at $6.50 or more. Nice
ROI in betting on GMs futures would unfold the way they did. Because I
understood the government would bailout GM for it's politicial
connections are strong. Which left Ford in a better position.

I subscribe to the saying that investing is like chess. A game of
strategy, logic and emotions best checked into the toilet. Which
included liberal media BS.

Of course we have to invest! If you let $100 sit in a bank account then
you loose money. Money, cash, it's a deprediating asset. It's value is
in liquidity to trade, nothing more.


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

Pat who? I never suggested patting anyone. If it were myself as
president back in Feb/Mar in talking with GM's Wagoner, I would say to
Wagoner "I think you should declare bankruptcy now as if you go on with
this rouse the SEC will pay you an Enron like visit."

But I was banking on Wagoner from Harvard having pull and he wanted his
$20M retirement. See, if GM went down, Ford would have supply problems.
But if GM took the PR hit on bankruptcy, and made solvent, Ford would
do well.

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

Only the corrupt ones are. And your politicians are too corrupt
themselves to do the right thing.

what the hell do you smoke?

Nothing. Don't even drink, ok, one beer in the last year.