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Looking out for the wealthiest 2%

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Canuck57[_9_] Canuck57[_9_] is offline

Canuck57[_9_] is offline

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Looking out for the wealthiest 2%

On 18/04/2010 7:03 PM, wrote:
On Sun, 18 Apr 2010 15:53:18 -0600,
wrote:

Actually, many are. It is my understanding that those who consistently
contributed to 401k equity funds starting +20 years ago are well ahead
of the game even now.

Quite true. When I add up over the years my contributions, it is much
less that current day value. And far surpasses bank saving interest rates.

I never really took my 401k seriously and only put money if it was a
100% employer match. Part of the problem is the overhead the fund
managers impose on you. It can easily be half of their return on
investment.
I bought a lot more IBM stock and with our option plan it was
definitely a better investment. There were times when we were buying
at half current market. To start with it was mine the day I bought it
and when I rolled some over into something else it was a capital gain,
not ordinary income.

Don't tell bpuharic, will wreck his day.

Have to like those capital gains.

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

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