the 401k scam.

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Anonymous said:
This is new territory, but you have it wrong. The reason 401ks, the Dow, housing, etc. took off in price simultaneously was the largest percentage of the population was going through the same experience at the same time. Like it or not baby boomers still dictate the numbers. My parents were depression era, only children. They had 8 kids themselves. That increase in reproduction was not unusual. Safety and stability will be the coming rage now that the boomers are facing retirement. There is not enough of a population coming up behind us to support us with Social Security.
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Support yourself dip shit -- you should make plans for your own future. Your parents should have stopped at seven.
 




Anonymous said:
Support yourself dip shit -- you should make plans for your own future. Your parents should have stopped at seven.
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The point is, dipshit, only a fool would believe that the numbers in population used to make Social Security successful since 1960 ( since the boomers came of age ) would continue to increase and support the system. There will not be enough contributors in future years to sustain the system as it exists and is run today. Changes in benefit, means testing, increased contributions or a combination of all will be required to keep the system afloat for people like you. B.T.W., the best part of you ran down your mama's a_s and stained the sheet, wonderboy!
 




Wow, good comeback

My point that you missed is that you should plan your future without counting on social security, that's what I did and I'm going to the beach today while you're picking your nose and thinking up obvious scenarios about everyone's future.

You're still a dip shit
 




Anonymous said:
Wow, good comeback

My point that you missed is that you should plan your future without counting on social security, that's what I did and I'm going to the beach today while you're picking your nose and thinking up obvious scenarios about everyone's future.

You're still a dip shit
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And my point, while in different verbage than yours, is that you can't rely on social security because it cannot be sustained in its present form, and investors who will chase safety and security, usually invest in bonds, t-bills, c.d.s, etc.. These vehicles are considered safe and have low yields, thus, given the population numbers, will keep the rates of return low. Sort of a reverse bubble effect. Possibly artifically low returns. Therefore, the best investment vehicle, now and in the future, will be the 401k, I.R.A. or the Roth I.R.A.. They are not a scam. They are the best vehicle available to the masses to pursue higher yields while limiting risk through diversification.

Clear enough for ya' dipshit? Did I define my position well enough for your limited attention span? While you're pissin' away your time at the beach, you should pick up a book on finance.
 




Anonymous said:
Wow, good comeback

My point that you missed is that you should plan your future without counting on social security, that's what I did and I'm going to the beach today while you're picking your nose and thinking up obvious scenarios about everyone's future.

You're still a dip shit
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I'm at the beach entering detail only calls and getting my pay. Sweet.
 




Anonymous said:
And my point, while in different verbage than yours, is that you can't rely on social security because it cannot be sustained in its present form, and investors who will chase safety and security, usually invest in bonds, t-bills, c.d.s, etc.. These vehicles are considered safe and have low yields, thus, given the population numbers, will keep the rates of return low. Sort of a reverse bubble effect. Possibly artifically low returns. Therefore, the best investment vehicle, now and in the future, will be the 401k, I.R.A. or the Roth I.R.A.. They are not a scam. They are the best vehicle available to the masses to pursue higher yields while limiting risk through diversification.

Clear enough for ya' dipshit? Did I define my position well enough for your limited attention span? While you're pissin' away your time at the beach, you should pick up a book on finance.
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Back from the beach:

I was having fun at the beach and the money I spent was obtained from wise investments without touching the principal. You mentioned diversification but again you have people that never rebalance their accounts and are surprised when they lose 40%. You failed to mention individual stocks, rental property, investment annuities, different styles of management (aggressive growth, market neutral)--all of which can affect portfolio outcomes. I could go on but remember I didn't read that finance book of yours.

There will always be social security as long as we have politicians. They will bankrupt the country before they mess too much with that "sacred cow". Plus there are too many people who don't save shit so they will be crying when it's time to retire without a pot to piss in. You also have Liberals and their "social contract" which means everybody gets "free stuff" paid for by the 50% of us who pay taxes.

Why should I read a book on finance when I can read your words of wisdom in the Cafepharma, a well-known source of investment strategy.

Oh by the way, you're still a dip shit
 




Anonymous said:
Back from the beach:

I was having fun at the beach and the money I spent was obtained from wise investments without touching the principal. You mentioned diversification but again you have people that never rebalance their accounts and are surprised when they lose 40%. You failed to mention individual stocks, rental property, investment annuities, different styles of management (aggressive growth, market neutral)--all of which can affect portfolio outcomes. I could go on but remember I didn't read that finance book of yours.

There will always be social security as long as we have politicians. They will bankrupt the country before they mess too much with that "sacred cow". Plus there are too many people who don't save shit so they will be crying when it's time to retire without a pot to piss in. You also have Liberals and their "social contract" which means everybody gets "free stuff" paid for by the 50% of us who pay taxes.

Why should I read a book on finance when I can read your words of wisdom in the Cafepharma, a well-known source of investment strategy.

Oh by the way, you're still a dip shit
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Thank you.
 




Anonymous said:
Back from the beach:

I was having fun at the beach and the money I spent was obtained from wise investments without touching the principal. You mentioned diversification but again you have people that never rebalance their accounts and are surprised when they lose 40%. You failed to mention individual stocks, rental property, investment annuities, different styles of management (aggressive growth, market neutral)--all of which can affect portfolio outcomes. I could go on but remember I didn't read that finance book of yours.

There will always be social security as long as we have politicians. They will bankrupt the country before they mess too much with that "sacred cow". Plus there are too many people who don't save shit so they will be crying when it's time to retire without a pot to piss in. You also have Liberals and their "social contract" which means everybody gets "free stuff" paid for by the 50% of us who pay taxes.

Why should I read a book on finance when I can read your words of wisdom in the Cafepharma, a well-known source of investment strategy.

Oh by the way, you're still a dip shit
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Nice monologue. I didn't mention other investment strategies because the thread declared 401ks a scam. They aren't. If each of us doesn't work to change the social contract it will surely bankrupt the country. What have you done to change it?
 




First Post here:

In 1900, the average life expectancy was 46.3 years for a man and 48.3 years for a woman. The overall life expectancy in 2010 was 78.7 years. Just like the folks who built our roads and bridges never imagined the number of cars that would be on the road today. The folks who designed social security and medicare didn't have a clue how many people they'd be providing benefits for and for how long - 50+ years down the road. So there is an uncontrollable demographic nightmare that we'll all be paying for sooner or later. Social Security’s retirement and disability programs have enough funds to cover the next 20 years - after that who knows what will happen.

“In 2033, incoming revenue and trust fund resources will be insufficient to maintain payment of full benefits,” . Treasury Secretary Tim Geithner, said, referring to Social Security. “At that point there will only be enough money to cover about three-fourths of full benefits.”

As far as 401K's are concerned, what are the individual worker's alternatives? Pensions are gone, so you have to fund your own retirement. That's reality today. Annuities come with very high expenses which erode overall investment return significantly. Index funds beat most actively managed funds over the long term. Even fund managers who are super stars have to get paid so even if their returns beat the indexes, you still have to pay management fees so that reduces your overall investment return.

Tax deferred investments allow more of your money to benefit from the value of compound interest so the same asset mix of stocks/bonds/cash will be worth more in a tax-deferred account compared to an after-tax account.

New federal regulation about to take effect will require companies to disclose 401k fees - that ought to be interesting.

Here's my 2 cents on investing. Blow off actively managed funds, invest in passive index funds with the lowest expense ratios. Determine your asset mix: 100 or 110 - age should be in stocks and the rest in bonds and cash. Re-balance occasionally based on investment performance and age. Fund the 401k to the max if possible.

If we have another financial meltdown, it won't matter where your money is - we'll all be fucked. At that point, I wouldn't even trust the banks. Even if you have $250k protected by FDIC, if there is a run on banks, you can fill out the forms and wait to get your money back like the millions of other poor saps.

If it gets really bad and it may, the mattress or the bunker will be the only wise choice. But by then, the money will only be good for toilet paper!
 








Anonymous said:
Nice monologue. I didn't mention other investment strategies because the thread declared 401ks a scam. They aren't. If each of us doesn't work to change the social contract it will surely bankrupt the country. What have you done to change it?
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There is no such thing as a "social contract". There is charity and the Constitution. Let's not confuse the two.
 




















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