On 13/04/2010 12:01 AM, Bill McKee wrote:
wrote in message
...
On Mon, 12 Apr 2010 21:24:37 -0600,
wrote:

On 12/04/2010 4:35 PM, bpuharic wrote:
On Mon, 12 Apr 2010 18:17:27 -0400, wrote:


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.

Then fire your money manager. I have 3 pools of US investments.

The smallest and worst performer is up only 10% from its prior peek.
The largest and actively managed is up 30% from prior peaks. The worst
performing pool of funds I have is foreign, only up 2% from prior peeks.

So ask your money manager why you should be paying him?

because i work for a living. wall street told 100,000,000 middle class
americans that we didn't need pensions. they TRIED, with bush, to tell
us we didn't need social security. they left us ONLY 401k's.

i don't have the time to work AND to watch wall street. so now it's
time to **** wall street and regulate the **** out of them


Bull****! You have nothing but excuses. You have lots of time to learn
about investments, about getting an education in economics. You spend
almost as many hours a day on here as Harry does. Sign off from newsnet and
look at Etrade, Scottrade, or any of the other discount brokers. The all
have educational materials available for free. They have seminars for free.
https://us.etrade.com/e/t/investingandtrading Etrades portal to education.

Good points, real good points. Used to be that you would have to go to
Amazon and spend a few hundred. Today you can get it all on the
internet in seconds. But still would recommend reading a few books.
And discount brokers are sure a lot better than the old style brokerages
of the 80's and even early 90's. But still, a good place for a novice
to start.

No excuses except for the lack of dicipline. Inability to learn isn't
other peoples problems.

--
The Liberal way, take no responsibility.