"X ` Man" wrote in message
m...


I don't trust Wall Street. Not any of it.

----------------------------------------------------------

This may sound harsh, but there was a time when Wall Street was only
for those who could afford to lose their investments.

When programs like 401K plans came along and suddenly everyone had the
opportunity to invest, the **** hit the fan.
Instead of calculated risk investments, they became "retirement
plans".

I have never, ever considered Wall Street investments, either
privately invested or via a 401K type plan ... a retirement fund or
plan.

In fact, I have never participated in a 401K plan period, even when I
had a company that offered one with company contributions.

Eisboch wrote:


"X ` Man" wrote in message
m...


I don't trust Wall Street. Not any of it.

----------------------------------------------------------

This may sound harsh, but there was a time when Wall Street was only
for those who could afford to lose their investments.

When programs like 401K plans came along and suddenly everyone had the
opportunity to invest, the **** hit the fan.
Instead of calculated risk investments, they became "retirement plans".

I have never, ever considered Wall Street investments, either
privately invested or via a 401K type plan ... a retirement fund or plan.

In fact, I have never participated in a 401K plan period, even when I
had a company that offered one with company contributions.






Why not? You could have always directed those contributions into a
money market account and banked the 30%, or whatever, your employer was
matching in the good old days.

In article , earl11875
@hotmail.com says...

Eisboch wrote:


"X ` Man" wrote in message
m...


I don't trust Wall Street. Not any of it.

----------------------------------------------------------

This may sound harsh, but there was a time when Wall Street was only
for those who could afford to lose their investments.

When programs like 401K plans came along and suddenly everyone had the
opportunity to invest, the **** hit the fan.
Instead of calculated risk investments, they became "retirement plans".

I have never, ever considered Wall Street investments, either
privately invested or via a 401K type plan ... a retirement fund or plan.

In fact, I have never participated in a 401K plan period, even when I
had a company that offered one with company contributions.






Why not? You could have always directed those contributions into a
money market account and banked the 30%, or whatever, your employer was
matching in the good old days.

With Eisboch it is a matter of control, he can't let anybody else
interfere with his direct control.