"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 19:06:17 -0400, Larry wrote:

bpuharic wrote:
On Tue, 20 Jul 2010 05:03:58 -0400, "Charles C."
wrote:


if, however, you're a baby boomer, well that's a different story


CC


So, in other words, I should be screaming and bitching about the "loss"
of
money that I never earned or had. I see. Starting to understand how
the
left thinks.

go ahead and try to get a loan using your 401K as collateral

see what happens


CC

When would any lender accept a 401K account as collateral?

since it's a standard part of a loan applcation. that's when

been renting all your life, i see


I may be wrong but I believe 401Ks are untouchable in bankruptcy
proceedings. You may have to list them on a loan app but they are
untouchable to a loan holder.

"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 19:20:56 -0400, wrote:

On Tue, 20 Jul 2010 17:07:55 -0400, bpuharic wrote:

and there as many HF managers who saw this coming as economists

MOST hedge fund managers were betting against housing in 2007, that is
what hedge funds do.

except, of course, they told no one. the fine against goldman sachs
that depressed their first quarter earnings was for exactly this type
of screwing around


BTW I was reading an old Fortune magazine at Jury duty today (jan/feb
2010) and they had a list of the funds that did get it right this
year, one was up 265%. They also listed 1000 with their results for a
year and 3 years. I was looking at the Fidelity funds and most of them
were up this year, about half up over the last 3.
I guess I will dig out my 401k statement and see how it really did.
I know the last time I looked it was double what it was when I stopped
contributing in 1996.

too bad the right wing destroyed the pension system in this country
and let the rich replace it with 401k's.



For those of in demand for jobs, 401k's were great. I was with NCR for 17.5
years. Defined benefit plan and I get $234 a month when I turned 65. Other
than one company, TI, I never would have got a pension. As did not stay
long enough to be vested. I did startups and small companies mostly. Still
get head hunters calls and I have been retired 8 years. That 401K match or
extra allowed me to have a large retirement backup. Luckily the non
retirement investments, and SS pay for my retirement costs, so the 401K
money still keeps growing. I invested in less risk items in the IRA's etc.
So did not lose the 60% you did. I figured out that I have to watch out for
myself. As I am the one most interested in my money. Tip: Invest in oil
health and sin. They always seem to pay. In 2002 I bought MO. I think it
was Loogie who said bad investment. Bad advice. Still pays near 5%
dividend and value has gone up at least 300%. I am against smoking, but
have no qualms about profiting on people burning up money.

On 20/07/2010 9:08 PM, Califbill wrote:


"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 19:20:56 -0400, wrote:

On Tue, 20 Jul 2010 17:07:55 -0400, bpuharic wrote:

and there as many HF managers who saw this coming as economists

MOST hedge fund managers were betting against housing in 2007, that is
what hedge funds do.

except, of course, they told no one. the fine against goldman sachs
that depressed their first quarter earnings was for exactly this type
of screwing around


BTW I was reading an old Fortune magazine at Jury duty today (jan/feb
2010) and they had a list of the funds that did get it right this
year, one was up 265%. They also listed 1000 with their results for a
year and 3 years. I was looking at the Fidelity funds and most of them
were up this year, about half up over the last 3.
I guess I will dig out my 401k statement and see how it really did.
I know the last time I looked it was double what it was when I stopped
contributing in 1996.

too bad the right wing destroyed the pension system in this country
and let the rich replace it with 401k's.



For those of in demand for jobs, 401k's were great. I was with NCR for
17.5 years. Defined benefit plan and I get $234 a month when I turned
65. Other than one company, TI, I never would have got a pension. As did
not stay long enough to be vested. I did startups and small companies
mostly. Still get head hunters calls and I have been retired 8 years.
That 401K match or extra allowed me to have a large retirement backup.
Luckily the non retirement investments, and SS pay for my retirement
costs, so the 401K money still keeps growing. I invested in less risk
items in the IRA's etc. So did not lose the 60% you did. I figured out
that I have to watch out for myself. As I am the one most interested in
my money. Tip: Invest in oil health and sin. They always seem to pay. In
2002 I bought MO. I think it was Loogie who said bad investment. Bad
advice. Still pays near 5% dividend and value has gone up at least 300%.
I am against smoking, but have no qualms about profiting on people
burning up money.

I had MO in 1996 in the low 20's, sweet dividend too. And sold in about
the $55 range in 2004 when I started my exist out of USD. Was a sweet
ride. Might be a good buy here, but figure if I wait, might snag it at
$17 or so. Not liking the numbers I see heading into the fall.

--

Government has liberals, idealists and lawyers, but where is the common
sense?

On 20/07/2010 8:07 PM, bpuharic wrote:
On Tue, 20 Jul 2010 20:01:34 -0600,
wrote:

On 20/07/2010 7:49 PM, bpuharic wrote:
On Tue, 20 Jul 2010 17:50:24 -0600,
wrote:



Can the left think?

tell it to milton friedman and alan greenspan...architects of today's
economy.

neither is/was of the left

how's the economy doing under radical free market socialism for the
rich?


Maybe not by your standards, but by mine, Greenspan was a leftie.

jesus christ...if you're calling greenspan a leftie...

Caved
into Clinton and congress pretty good. He even admited he screwed up in
doing so.

he admitted wall street was greedy. he, unlike you, knew the rich
could be greedy

you're a right wing moron so are too stupid to understand

greenpan can learn. you can't

Makes me smarter than you, I made money on his mistake, you lost your shirt.

--

Government has liberals, idealists and lawyers, but where is the common
sense?

"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 17:31:47 -0600, Canuck57
wrote:

On 18/07/2010 9:00 PM, bpuharic wrote:
On Sun, 18 Jul 2010 14:51:17 -0600,
wrote:
.

Money is attracted to those who know how to manage it.

if that's true

why has the US economy collapsed. you mean to tell me there's NO ONE
in the US who knows how to mamage money??

you sure are stupid

Simple, US government and peoples hit the tipping point where they no
longer attract money.

i love it when the right wing is wrong....

money is flowing to the US from europe. the euro is dying...

he is SSSOOOO Stupid...


There is only so much corruption, bailout and entitlement a system can
stand before the tipping point is reached.

yeah. wall street socialism is kiling the middle class

And government spending is kill all classes.
http://news.bbc.co.uk/2/hi/business/1388006.stm A good read on the Japanese
problem. They borrowed and did exactly what Obama and company are doing now
and you support. Look what this function has done to Japan. They have been
in recession for over 10 years. A lot longer than us and starting before
the dual bubbles.

http://www.tax.com/taxcom/taxblog.ns...T?OpenDocument
A reason why we will have a VAT before you know it. And we are in worse
shape than Japan as we do not have a thriving manufacturing sector.

"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 17:33:31 -0600, Canuck57
wrote:

On 19/07/2010 5:23 PM, Larry wrote:
Canuck57 wrote:


If stupid is making money at, especailly when others loose it, well, I
guess them I am pretty darned stupid.
Dollar cost averaging is a great thing right now for retirement money if
you still have 10+ years to go. Obama won't be around forever - he's a
one-term President.

I would ahve to agree. Obama is leading the longest depression in
modern times, his head is on the block and clearly Obamanomics is failing.

canuck hates the black guy in the white house.

he's too stupid to realize the depression started in 2007. obama
wasn't president

but to the right wing, that's irrelevant. he still gets blamed. after
all, bush was white. and you can't blame a white guy if a black guy is
available


And the House and Senate were in the firm control of the Democrats.
Actually they were in control from 2006. Seems as if those who have the
checkbook should be held even more responsible for the recession than the
guy who they tell what money he must spend.

On 20/07/2010 9:27 PM, Califbill wrote:


"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 17:31:47 -0600, Canuck57
wrote:

On 18/07/2010 9:00 PM, bpuharic wrote:
On Sun, 18 Jul 2010 14:51:17 -0600,
wrote:
.

Money is attracted to those who know how to manage it.

if that's true

why has the US economy collapsed. you mean to tell me there's NO ONE
in the US who knows how to mamage money??

you sure are stupid

Simple, US government and peoples hit the tipping point where they no
longer attract money.

i love it when the right wing is wrong....

money is flowing to the US from europe. the euro is dying...

he is SSSOOOO Stupid...


There is only so much corruption, bailout and entitlement a system can
stand before the tipping point is reached.

yeah. wall street socialism is kiling the middle class

And government spending is kill all classes.
http://news.bbc.co.uk/2/hi/business/1388006.stm A good read on the
Japanese problem. They borrowed and did exactly what Obama and company
are doing now and you support. Look what this function has done to
Japan. They have been in recession for over 10 years. A lot longer than
us and starting before the dual bubbles.

http://www.tax.com/taxcom/taxblog.ns...T?OpenDocument
A reason why we will have a VAT before you know it. And we are in worse
shape than Japan as we do not have a thriving manufacturing sector.

Ya, and who are the regular people seeing the money?

If government wanted this to work, they would simply leave middle class
people with more of their own money.

--

Government has liberals, idealists and lawyers, but where is the common
sense?

wrote in message
...
On Tue, 20 Jul 2010 21:46:25 -0400, bpuharic wrote:

On Tue, 20 Jul 2010 19:20:56 -0400, wrote:

On Tue, 20 Jul 2010 17:07:55 -0400, bpuharic wrote:

and there as many HF managers who saw this coming as economists

MOST hedge fund managers were betting against housing in 2007, that is
what hedge funds do.

except, of course, they told no one. the fine against goldman sachs
that depressed their first quarter earnings was for exactly this type
of screwing around


BTW I was reading an old Fortune magazine at Jury duty today (jan/feb
2010) and they had a list of the funds that did get it right this
year, one was up 265%. They also listed 1000 with their results for a
year and 3 years. I was looking at the Fidelity funds and most of them
were up this year, about half up over the last 3.
I guess I will dig out my 401k statement and see how it really did.
I know the last time I looked it was double what it was when I stopped
contributing in 1996.

too bad the right wing destroyed the pension system in this country
and let the rich replace it with 401k's.


This is the summary of my 401k from the web site

Average Annual Total Returns1 (%)
as of 06/30/2010

1 Year 3.63
3 Year 4.23
5 Year 4.80
10 Year 5.15
Life 6.84

Life is as of inception date 07/01/1985.


When I consider the fees the manager is skimming this is not bad.


You'd better recheck your numbers. I read somewhere that NO 401Ks had a
positive return over the past three years. 8)

"Canuck57" wrote in message
...
On 20/07/2010 9:08 PM, Califbill wrote:


"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 19:20:56 -0400, wrote:

On Tue, 20 Jul 2010 17:07:55 -0400, bpuharic wrote:

and there as many HF managers who saw this coming as economists

MOST hedge fund managers were betting against housing in 2007, that is
what hedge funds do.

except, of course, they told no one. the fine against goldman sachs
that depressed their first quarter earnings was for exactly this type
of screwing around


BTW I was reading an old Fortune magazine at Jury duty today (jan/feb
2010) and they had a list of the funds that did get it right this
year, one was up 265%. They also listed 1000 with their results for a
year and 3 years. I was looking at the Fidelity funds and most of them
were up this year, about half up over the last 3.
I guess I will dig out my 401k statement and see how it really did.
I know the last time I looked it was double what it was when I stopped
contributing in 1996.

too bad the right wing destroyed the pension system in this country
and let the rich replace it with 401k's.



For those of in demand for jobs, 401k's were great. I was with NCR for
17.5 years. Defined benefit plan and I get $234 a month when I turned
65. Other than one company, TI, I never would have got a pension. As did
not stay long enough to be vested. I did startups and small companies
mostly. Still get head hunters calls and I have been retired 8 years.
That 401K match or extra allowed me to have a large retirement backup.
Luckily the non retirement investments, and SS pay for my retirement
costs, so the 401K money still keeps growing. I invested in less risk
items in the IRA's etc. So did not lose the 60% you did. I figured out
that I have to watch out for myself. As I am the one most interested in
my money. Tip: Invest in oil health and sin. They always seem to pay. In
2002 I bought MO. I think it was Loogie who said bad investment. Bad
advice. Still pays near 5% dividend and value has gone up at least 300%.
I am against smoking, but have no qualms about profiting on people
burning up money.

I had MO in 1996 in the low 20's, sweet dividend too. And sold in about
the $55 range in 2004 when I started my exist out of USD. Was a sweet
ride. Might be a good buy here, but figure if I wait, might snag it at
$17 or so. Not liking the numbers I see heading into the fall.

--

Government has liberals, idealists and lawyers, but where is the common
sense?

MO has divested of Kraft, so I now have KFT. And MO is only part of Altria
now. They split the company and formed a European company. Protects them
from all the US lawsuits. Separate company. so now that $55 mo is $21 MO
6.5% div, $51 PM 4.6% div, and some KFT $29 and 4% div. Bought some HCP
only pays 5% now. But was a $13 stock and paying 11% in 2002. But split 2:1
in 2004 and is now $31. Put those stocks in the IRA's. High dividend
REIT's, etc.

On Tue, 20 Jul 2010 20:30:29 -0700, "Califbill"
wrote:



"bpuharic" wrote in message
.. .
On Tue, 20 Jul 2010 17:33:31 -0600, Canuck57
wrote:

On 19/07/2010 5:23 PM, Larry wrote:
Canuck57 wrote:

I would ahve to agree. Obama is leading the longest depression in
modern times, his head is on the block and clearly Obamanomics is failing.

canuck hates the black guy in the white house.

he's too stupid to realize the depression started in 2007. obama
wasn't president

but to the right wing, that's irrelevant. he still gets blamed. after
all, bush was white. and you can't blame a white guy if a black guy is
available


And the House and Senate were in the firm control of the Democrats.

which, of course, is irrelevant. the dem congress was guilty of
inaction. it was the GOP that passed massive tax cuts for the rich AND
deregulated the economy over 30 years. the myth of 'smaller govt' led
to wall street stealing the entire economy from under our feet

so at least you admit obama was not the problem. it's about time