|
ah, yes, the latest on my company 401K
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 |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 17:50:24 -0600, Canuck57
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? |
ah, yes, the latest on my company 401K
On Mon, 19 Jul 2010 22:11:52 -0600, Canuck57
wrote: On 19/07/2010 9:14 PM, bpuharic wrote: On Mon, 19 Jul 2010 19:21:25 -0400, wrote: bpuharic wrote: yeah. when's the last time the GOP proposed a capital gains tax INCREASE? oh. never. QED Capital gains is really a wealth tax. nope. capital gains are income. sorry. Say you owned an average company, stable but average in every way. Worht $1 a share. Pays a constant 4% dividend. Some decades later it is worth $4 but every you could by for a $1 is now $4, in dollars you have 4 tiems as much but in buying power you are the same. Thus no real gain other than the dividend you get. you pay CGT on equities when you sell them. then they are income. you dont know much about economics, do you? and it's taxed at 15%. another example of socialism for the rich |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 19:00:38 -0400, Larry wrote:
bpuharic wrote: On Mon, 19 Jul 2010 19:21:25 -0400, wrote: when's the last time the GOP proposed a capital gains tax INCREASE? oh. never. QED Why do you have to worry about that? Are you at retirement age? 55. close enough. i worry because i'm shouldering the burden for the rich. we bail them out. they pay lower taxes than i do. they dont boost middle class incomes by wage increases...they do nothing for the middle class. america has the least equitable income structure in the western world. it's one reason we're in the shape we're in and tot he right wing, that's proof god loves the US |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 19:02:59 -0400, Larry wrote:
You are responding to a post to bpathetic. right wingers dont like it when you tell 'em there's no santa claus |
ah, yes, the latest on my company 401K
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. Caved into Clinton and congress pretty good. He even admited he screwed up in doing so. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On 20/07/2010 7:51 PM, bpuharic wrote:
On Mon, 19 Jul 2010 22:11:52 -0600, wrote: On 19/07/2010 9:14 PM, bpuharic wrote: On Mon, 19 Jul 2010 19:21:25 -0400, wrote: bpuharic wrote: yeah. when's the last time the GOP proposed a capital gains tax INCREASE? oh. never. QED Capital gains is really a wealth tax. nope. capital gains are income. sorry. Say you owned an average company, stable but average in every way. Worht $1 a share. Pays a constant 4% dividend. Some decades later it is worth $4 but every you could by for a $1 is now $4, in dollars you have 4 tiems as much but in buying power you are the same. Thus no real gain other than the dividend you get. you pay CGT on equities when you sell them. then they are income. you dont know much about economics, do you? and it's taxed at 15%. another example of socialism for the rich You have one redeeming value. Reminds us all that stinking leftist whining is a severe limitation to personal wealth. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On 20/07/2010 7:52 PM, bpuharic wrote:
On Tue, 20 Jul 2010 19:00:38 -0400, wrote: bpuharic wrote: On Mon, 19 Jul 2010 19:21:25 -0400, wrote: when's the last time the GOP proposed a capital gains tax INCREASE? oh. never. QED Why do you have to worry about that? Are you at retirement age? 55. close enough. i worry because i'm shouldering the burden for the rich. we bail them out. they pay lower taxes than i do. they dont boost middle class incomes by wage increases...they do nothing for the middle class. Give me a break, I probably pay more in taxes than you make gross. america has the least equitable income structure in the western world. it's one reason we're in the shape we're in and tot he right wing, that's proof god loves the US Let me correct you, bpuharic was not up to the challenge, got greedy and made bad investments or perhaps in debt up to his ass never really saved more than $40. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 20:01:34 -0600, Canuck57
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 |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 20:03:12 -0600, Canuck57
wrote: On 20/07/2010 7:51 PM, bpuharic wrote: On Mon, 19 Jul 2010 22:11:52 -0600, wrote:x. nope. capital gains are income. sorry. Say you owned an average company, stable but average in every way. Worht $1 a share. Pays a constant 4% dividend. Some decades later it is worth $4 but every you could by for a $1 is now $4, in dollars you have 4 tiems as much but in buying power you are the same. Thus no real gain other than the dividend you get. you pay CGT on equities when you sell them. then they are income. you dont know much about economics, do you? and it's taxed at 15%. another example of socialism for the rich You have one redeeming value. Reminds us all that stinking leftist whining is a severe limitation to personal wealth. to you, anyone to the left of mussolini is a leftist. and if the right wing is so correct why is the economy in the toilet after 30 years of reaganomics? |
ah, yes, the latest on my company 401K
"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. |
ah, yes, the latest on my company 401K
"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. |
ah, yes, the latest on my company 401K
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? |
ah, yes, the latest on my company 401K
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? |
ah, yes, the latest on my company 401K
"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. |
ah, yes, the latest on my company 401K
"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. |
ah, yes, the latest on my company 401K
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? |
ah, yes, the latest on my company 401K
"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. |
ah, yes, the latest on my company 401K
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 |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 20:27:55 -0700, "Califbill"
wrote: "bpuharic" wrote in message .. . On Tue, 20 Jul 2010 17:31:47 -0600, Canuck57 wrote: 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 uh no. obama took office in 2009. the deficit for his first year in office was about 9% of GDP. that budget was passed by the previous congress, with george bush leading the charge for the TARP program devised by henry paulson so obama had nothing to do with it. not a thing. you're just too stupid to know it. 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. you guys keep bleating about what obama's GONNA do wake me up when you're right. |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 20:08:42 -0700, "Califbill"
wrote: "bpuharic" wrote in message .. . On Tue, 20 Jul 2010 19:20:56 -0400, wrote: 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. no one cares about you. there are 100,000,000 americans who are as self absorbed as you are. less than 50% of companies even have a pension plan. and with the massive turnovers in jobs, no one stays at a company long enough to collect a pension. the right has, at every turn, gutted the ability of the middle class to earn a living wage or have a decent retirement |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 22:27:41 -0400, "D.Duck" wrote:
"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." 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. unless, of course, you're able to waive that...which many middle class people did since it was a source of wealth that the rich wanted to get their greedy hands on. |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 21:20:34 -0600, Canuck57
wrote: On 20/07/2010 8:07 PM, bpuharic wrote: On Tue, 20 Jul 2010 20:01:34 -0600, wrote: 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. me and 100M hard working americans...oh, i forgot. you hate the middle class |
ah, yes, the latest on my company 401K
On Tue, 20 Jul 2010 20:05:16 -0600, Canuck57
wrote: On 20/07/2010 7:52 PM, bpuharic wrote: On Tue, 20 Jul 2010 19:00:38 -0400, wrote: bpuharic wrote: On Mon, 19 Jul 2010 19:21:25 -0400, wrote: when's the last time the GOP proposed a capital gains tax INCREASE? oh. never. QED Why do you have to worry about that? Are you at retirement age? 55. close enough. i worry because i'm shouldering the burden for the rich. we bail them out. they pay lower taxes than i do. they dont boost middle class incomes by wage increases...they do nothing for the middle class. Give me a break, I probably pay more in taxes than you make gross. you're probably right. you wealthy folks usually are very arrogant about your socialistic entitlements america has the least equitable income structure in the western world. it's one reason we're in the shape we're in and tot he right wing, that's proof god loves the US Let me correct you, bpuharic was not up to the challenge, got greedy and made bad investments or perhaps in debt up to his ass never really saved more than $40. ah. so 100,000,000 americans are named 'bpuharic' since we all lost our shirts aggregate wealth in the US was 65 trillion in 2005 today it's 55 trillion do you think i, personally, lost 10 trillion? if not, you have a bit of explaining to do. |
ah, yes, the latest on my company 401K
bpuharic wrote:
ah. so 100,000,000 americans are named 'bpuharic' since we all lost our shirts I'm still curious about the "100,000,000 middle class." Can you pick that group from here? http://sociology.ucsc.edu/whorulesam...er/wealth.html Can't seem to break any of the charts down to get 100,000,000 in a group. But I didn't try too hard. Seems the groups here are 1, 19, and 80 percent. Jim - Curious |
ah, yes, the latest on my company 401K
"bpuharic" wrote in message ... 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 Obama is a problem. He got the Congress to pass massive overspending and borrowing. Same thing that has caused the Malaise in Japan to hang on for over 20 years. But you blame the Republicans for all the problems. The Democrats were in charge of the checkbook when the market and economy started tanking. Both parties are guilty as hell. Bush sucked as President. And Obama may make Carter look good, and that will be hard to do. |
ah, yes, the latest on my company 401K
"bpuharic" wrote in message ... On Tue, 20 Jul 2010 20:08:42 -0700, "Califbill" wrote: "bpuharic" wrote in message . .. On Tue, 20 Jul 2010 19:20:56 -0400, wrote: 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. no one cares about you. there are 100,000,000 americans who are as self absorbed as you are. less than 50% of companies even have a pension plan. and with the massive turnovers in jobs, no one stays at a company long enough to collect a pension. the right has, at every turn, gutted the ability of the middle class to earn a living wage or have a decent retirement Yup, no one cares about you and your finances. Even your 401k manager. So you better learn to care for yourself. As my TI in USAF basic said, if you can not take care of yourself, you can not take care of your buddy. And those job changes and no able to vest in a pension makes 401k's even better. As Gretwell says, look at your choices. The middle class has a living wage. By definition they live in the middle. The problem you babyboomers / GenXers have decided that a living wage is $200,000 a year. You have to be able to afford a nice couple cars, nice boat, 3000 sq ft. home, and a 3 week vacation in some really nice 4 star place. You are in error. |
ah, yes, the latest on my company 401K
"bpuharic" wrote in message ... On Tue, 20 Jul 2010 22:27:41 -0400, "D.Duck" wrote: "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." 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. unless, of course, you're able to waive that...which many middle class people did since it was a source of wealth that the rich wanted to get their greedy hands on. If you could not afford the loan without your 401k money, buy a cheaper house. There was no way, anyone making $50k a year could purchase a $500k house. Maybe you were too dumb to realize that. And the only reason the banks etc. were loaning money on that ratio was the government told them to and bought the loans from them. The reason I own a million dollar house is because of inflation. No way should my house be selling for a $1,000,000+ but that is what inflation and the government has brought us. Was a $36k house in 1972. With a 450 addition and a pool which probably cost $5,500 to build in 1974 the house would have valued at about $40k then. Now it is 25 times that value 36 years later. Way more than CPI indexed inflation and that has been the measure for increased home value for all but the last 30 years. |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 06:17:55 -0400, bpuharic wrote:
On Tue, 20 Jul 2010 20:05:16 -0600, Canuck57 wrote: On 20/07/2010 7:52 PM, bpuharic wrote: On Tue, 20 Jul 2010 19:00:38 -0400, wrote: bpuharic wrote: On Mon, 19 Jul 2010 19:21:25 -0400, wrote: when's the last time the GOP proposed a capital gains tax INCREASE? oh. never. QED Why do you have to worry about that? Are you at retirement age? 55. close enough. i worry because i'm shouldering the burden for the rich. we bail them out. they pay lower taxes than i do. they dont boost middle class incomes by wage increases...they do nothing for the middle class. Give me a break, I probably pay more in taxes than you make gross. you're probably right. you wealthy folks usually are very arrogant about your socialistic entitlements america has the least equitable income structure in the western world. it's one reason we're in the shape we're in and tot he right wing, that's proof god loves the US Let me correct you, bpuharic was not up to the challenge, got greedy and made bad investments or perhaps in debt up to his ass never really saved more than $40. ah. so 100,000,000 americans are named 'bpuharic' since we all lost our shirts aggregate wealth in the US was 65 trillion in 2005 today it's 55 trillion do you think i, personally, lost 10 trillion? if not, you have a bit of explaining to do. Did your 401K not have a money market? -- John H |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 09:45:44 -0700, "Califbill"
wrote: "bpuharic" wrote in message .. . On Tue, 20 Jul 2010 20:30:29 -0700, "Califbill" wrote: so at least you admit obama was not the problem. it's about time Obama is a problem. yeah. folks often say that about black folks He got the Congress to pass massive overspending and borrowing. nope he didn't. the 2009 FY was the responsibility of the 2007 congress and GWB. that budget increased debt spending to about 9% of GDP. he had nothing to do with it the scope of the borrowing was defined by bush's treasury secretary henry paulson. so you're wrong Same thing that has caused the Malaise in Japan to hang on for over 20 years. But you blame the Republicans for all the problems. The Democrats were in charge of the checkbook when the market and economy started tanking. the depression started in 2007. bush was president. paulson, who worked for bush, was treasury secretary and INSiSTED congress give him 800B with NO accountability at all. Both parties are guilty as hell. Bush sucked as President. And Obama may make Carter look good, and that will be hard to do obama had nothing to do with it you seem to think he's guilty of being president while being black |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 09:51:31 -0700, "Califbill"
wrote: "bpuharic" wrote in message .. . On Tue, 20 Jul 2010 20:08:42 -0700, "Califbill" wrote: no one cares about you. there are 100,000,000 americans who are as self absorbed as you are. less than 50% of companies even have a pension plan. and with the massive turnovers in jobs, no one stays at a company long enough to collect a pension. the right has, at every turn, gutted the ability of the middle class to earn a living wage or have a decent retirement Yup, no one cares about you and your finances. Even your 401k manager. absolutely true. but i care about the 100M americans in similar shape, and how the right wing continues to sell us down the river So you better learn to care for yourself. gee. guess you haven't noticed i am. first step destroy the rigth wing. THAT is taking care of myself! As my TI in USAF basic said, if you can not take care of yourself, you can not take care of your buddy. And those job changes and no able to vest in a pension makes 401k's even better. As Gretwell says, look at your choices. The middle class has a living wage. bull****. it DIDNT have a living wage. THAT'S the problem! it hasnt had a real wage increase on 10 years. any other fairy tales you want to spread? By definition they live in the middle. The problem you babyboomers / GenXers have decided that a living wage is $200,000 a year. You have to be able to afford a nice couple cars, nice boat, 3000 sq ft. home, and a 3 week vacation in some really nice 4 star place. You are in error. ah. blame the middle class. that's the right wing solution to everyting. protect the rich blame the middle class |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 09:57:46 -0700, "Califbill"
wrote: "bpuharic" wrote in message .. . On Tue, 20 Jul 2010 22:27:41 -0400, "D.Duck" wrote: 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. unless, of course, you're able to waive that...which many middle class people did since it was a source of wealth that the rich wanted to get their greedy hands on. If you could not afford the loan without your 401k money, buy a cheaper house. yeah i can see you're a renter and never bought a house it doesnt matter whether or not you're usin it as collateral. the loan company STILL wants to know what y our assets are they SELL your loan to investors. the more assets you have, the better your loan is and the more money they get for it. There was no way, anyone making $50k a year could purchase a $500k house. Maybe you were too dumb to realize that. and you're too dumb to apply for a mortgage And the only reason the banks etc. were loaning money on that ratio was the government told them to and bought the loans from them. more bull****. the govt never told them **** about the loans they had to cover. wall street got greedy and set up loan companies to make bad loans so they could package them, sell CDO's and clean up there's a reason CDO's went from 1 trillion in 97 to SIXTY TWO TRILLION in 2007 greed of the rich. it had NOTHING to do with the middle class the middle class, having had static wages for 10 years, did the only thing it could: borrowed. The reason I own a million dollar house is because of inflation. No way should my house be selling for a $1,000,000+ but that is what inflation and the government has brought us. Was a $36k house in 1972. With a 450 addition and a pool which probably cost $5,500 to build in 1974 the house would have valued at about $40k then. Now it is 25 times that value 36 years later. Way more than CPI indexed inflation and that has been the measure for increased home value for all but the last 30 years. you dont know **** about anything, let alone the middle class |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 05:36:12 -0500, Jim wrote:
bpuharic wrote: ah. so 100,000,000 americans are named 'bpuharic' since we all lost our shirts I'm still curious about the "100,000,000 middle class." Can you pick that group from here? http://sociology.ucsc.edu/whorulesam...er/wealth.html Can't seem to break any of the charts down to get 100,000,000 in a group. But I didn't try too hard. Seems the groups here are 1, 19, and 80 percent. let's see....there are 115,000,000 working americans. about 80% make less than 100K. looks good to me. Jim - Curious |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 18:00:59 -0400, wrote:
On Wed, 21 Jul 2010 17:30:45 -0400, bpuharic wrote: On Wed, 21 Jul 2010 05:36:12 -0500, Jim wrote: bpuharic wrote: ah. so 100,000,000 americans are named 'bpuharic' since we all lost our shirts I'm still curious about the "100,000,000 middle class." Can you pick that group from here? http://sociology.ucsc.edu/whorulesam...er/wealth.html Can't seem to break any of the charts down to get 100,000,000 in a group. But I didn't try too hard. Seems the groups here are 1, 19, and 80 percent. let's see....there are 115,000,000 working americans. about 80% make less than 100K. looks good to me. Most of those people are not "middle class". Half of them don't even make enough money to pay income tax. ah yes, the right wing mantra...they dont pay 'income' taxes....so they're worthless guess what, sport. the wealthy dont pay taxes AND they dont work. they get govt socialism to pay for their wasted spending of $6000 umbrella stands while the middle class pays taxes...sales taxes, FICA taxes, state tax, etc. so your rich buddies are the real criminals. not th emiddle class By the definition of middle class established here ($125K - $250K) it is more like several million. nobody who makes 250K is middle class. |
ah, yes, the latest on my company 401K
"Califbill" wrote in message m... "bpuharic" wrote in message ... 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 Obama is a problem. He got the Congress to pass massive overspending and borrowing. Same thing that has caused the Malaise in Japan to hang on for over 20 years. But you blame the Republicans for all the problems. The Democrats were in charge of the checkbook when the market and economy started tanking. Both parties are guilty as hell. Bush sucked as President. And Obama may make Carter look good, and that will be hard to do. Really? Like TARP? Bummer that he got Bush to get Congress to do that, so that you can complain about him getting Congress to do that. You know NOTHING about economics. |
ah, yes, the latest on my company 401K
John H wrote:
On Tue, 20 Jul 2010 19:04:59 -0400, wrote: John H wrote: On Mon, 19 Jul 2010 23:10:30 -0400, wrote: On Mon, 19 Jul 2010 19:46:34 -0400, "Harold" wrote: http://screen.yahoo.com/funds.html and here is where you're confused. 401K's are managed by fund managers...the funds they manage CAN do pretty well on an individual basis. yet, unless you're a full time manager yourself, you have NO idea which ones these are going to be. Move your $40 to a money market fund and STFU. You'd think all the Limo Liberals here would get up a collection for poor bpuharic notice how the right ignores the situation facing the middle class? the rich are doing fine...so that's all that matters Seriously, Bob, do you really think all the conservatives here, or anywhere, are rich? Do you not think a bunch of us might be middle class? Yet you are the one doing all the whining because you paid little attention to your investment. I asked if your 401K had a money market fund. By putting your money in same, you could have prevented the losses you took. Don't they all? If he has/had a company match - it would be free money, too! I've noticed he won't answer a straightforward question. I really think he's confused and paranoid. |
ah, yes, the latest on my company 401K
bpuharic wrote:
On Tue, 20 Jul 2010 18:59:01 -0400, wrote: bpuharic wrote: On Mon, 19 Jul 2010 19:37:27 -0400, wrote: Certain income funds are just as productive as money market funds. The NAV will vary - even drop for a while, but you are adding shares through reinvested dividends. IOW buy low sell high who cudda guessed. Evidently you didn't. sorry sport. the right lied. the middle class died Your generalizations seem to only suit your bad situation, Skippy. |
ah, yes, the latest on my company 401K
bpuharic wrote:
On Tue, 20 Jul 2010 19:20:56 -0400, wrote: On Tue, 20 Jul 2010 17:07:55 -0400, 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. Where do you think pensions are invested (when they aren't skimmed by the unions)? |
ah, yes, the latest on my company 401K
bpuharic wrote:
On Tue, 20 Jul 2010 19:06:17 -0400, 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'm going to try to guess what you meant to say... Loan applications usually are interested in liquid assets. 401K accounts don't count. I ralize they can be liquidated but loan officers aren't interested in that. |
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