Menu

Looking out for the wealthiest 2%

Search this Thread

Prev

Previous Post

Next Post

Next

#11

Report Post

posted to rec.boats

Canuck57[_9_] Canuck57[_9_] is offline

Canuck57[_9_] is offline

external usenet poster

First recorded activity by BoatBanter: Oct 2009

Posts: 6,596

Default

Looking out for the wealthiest 2%

On 18/04/2010 11:03 AM, wrote:
On Sun, 18 Apr 2010 11:24:55 -0500, "Peter (Yes, that one)"
wrote:

Though Mr. Bpuharic has made some points I agree with, his harping on
his 401k is not one of them.

I just see the irony in someone who has all of his future dreams and
aspirations tied to wall street and then demonizes it as much as he
does.
I would think a guy like that would be 100% invested in government
guaranteed paper. I bet that is an option in his 401K. I know I have
several options in how I allocate my money and one is a low yield,
high security basket of bonds and other government paper.
My bet, he took the fund allocation that was first offered as the
default without ever really reading it.

What a wrong place to be, government paper locked in. At todays rates,
you can be 100% they will devalue on any rise in rates, and lower rates
are not possible.

If I could, I would put a 5 year short on them if I could. That goes
for any lending instrument that isn't 100% liquid without penalty.
Loaning money is stupid in this enviroment unless it is reasonably
secure and 7% or better.

Debtors want money but are not willing to pay fair market value hidding
behind low government rates. That will not last forever.

--
Time to ask, is our government serving us or are we serving the government?

Reply With Quote

Reply With Quote

Thread Tools	Search this Thread
Show Printable Version	Search this Thread: Advanced Search
Display Modes
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode

Posting Rules
Smilies are On [IMG] code is Off HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On

All times are GMT +1. The time now is 11:00 AM.

About Us

"It's about Boats"

Contact Us BoatBanter Home Privacy Statement

Copyright © 2017