On 4/18/10 11:25 AM, Eisboch wrote:
wrote in message
...


and you have the density of a black hole. i've been saving in my 401K
since congress created it 30 years ago.




You have not been "saving" in your 401K. You've been placing bets in your
401K.
You are betting that your investment will grow based on the performance,
success and work of others.

A 401K plan invested and managed for you or by you in the stock market *can*
produce much higher returns than other investments or savings plans. That,
plus the matching funds that some employers make have made them attractive.

But ... it's still not a guarantied savings plan. There are risks
associated with it. Correct me if I am wrong.

In my world, I haven't and don't invest any more money in the stock market
than that I am willing to lose. I certainly didn't plan my retirement based
on it.

Old fashioned, but it works for me. I am arrogant enough to rely mostly on
my own performance.

Eisboch




Agreed, and since wall street was and is operated by crooks whose
primary goal is to enrich themselves by whatever means necessary,
investing in wall street offerings is both risky and stupid.

--
The Tea Party's teabaggers are just the Republican base by another name.