Dude?

[DarrinS]

https://www.google.com/finance?client=ob&q=INDEXDJX:DJI


I've lost 15K since Obama was elected.

[ElNono]

Don't gamble with your money... problem solved

[DarkReign]

https://www.google.com/finance?client=ob&q=INDEXDJX:DJI


I've lost 15K since Obama was elected.

Thats what happens when you invest in the stock market. There is no guaranteed return.

I wont even say how much Ive lost.

[DarrinS]

Don't gamble with your money... problem solved

What do you think 401k's are?


Private sector employees depend on our investments. We don't have a giant government teet waiting for us when we retire (funded by our fellow citizens).

[ElNono]

What do you think 401k's are?

Gambles on the market? Did you read the fine print on the 401k? As DR said, there's no guaranteed returns.


Private sector employees depend on our investments. We don't have a giant government teet waiting for us when we retire (funded by our fellow citizens).

Depending on the market is a bad idea, IMO. Especially what the market looks like right now.

[ElNono]

And what I mean by right now, I mean where there's more machine-made trades than human-made trades and the onus is on cashing in now instead of investing long term. This isn't your grandpa's market anymore.

[TeyshaBlue]

Follow my lead and you too can make enough off of Facebook to buy a really nice cheeseburger!

[TeyshaBlue]

barely.

[SnakeBoy]

https://www.google.com/finance?client=ob&q=INDEXDJX:DJI


I've lost 15K since Obama was elected.

I lost 50k before he was reelected. It's the stock market, bury your money in the backyard if you don't want the risk.

[Spurminator]

Most of my losses recently have been because of Apple, but that started before the election.

[scott]

https://www.google.com/finance?client=ob&q=INDEXDJX:DJI


I've lost 15K since Obama was elected.

Chart since Nov 4, 2008, the day Obama was elected.

http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=%5Edji;range=2 0081104,20121112;compare=;indicator=volume;chartty pe=area;crosshair=on;ohlcvalues=0;logscale=off;sou rce=undefined;

[symple19]

I took all my money out of the market back in 09'. It's never going back in. May not get much return but I know it'll be safe. I do have some gold, however. Fuck Wall Street.

Around 5 more years and I'll be able to buy a nice house cash money (been saving for 12 years), without having to rely on a bank. I also have zero debt and don't pay for shit unless I have the money to back it up. I don't live as nicely as some of my friends, but I also don't have to worry about anyone coming to take my shit

[SnakeBoy]

I took all my money out of the market back in 09'. It's never going back in. May not get much return but I know it'll be safe. I do have some gold, however. Fuck Wall Street.

Around 5 more years and I'll be able to buy a nice house cash money (been saving for 12 years), without having to rely on a bank. I also have zero debt and don't pay for shit unless I have the money to back it up. I don't live as nicely as some of my friends, but I also don't have to worry about anyone coming to take my shit

I hate to break it to you but you're taking a big risk on gold even though you don't know it. Also it's just as foolish not to risk any of your money as it is to risk all of your money on the market.

[DarrinS]

Full disclosure -- I fully expect the market to exceed 13K by the end of Nov. At least I'm hoping.

[DarrinS]

I lost 50k before he was reelected. It's the stock market, bury your money in the backyard if you don't want the risk.

I lost 1/3 of my balance in 2008. > 50K

The backyard burial retirement plan isn't all that great, tbh.

[ChumpDumper]

Will you never stop whining?

[DarrinS]

Will you never stop whining?

Do you ever stop stalking?

[boutons_deux]

Darrin refuses to accept his losses are ON THE BANKSTERS GREAT DEPRESSION caused by Repug/VRWC policies and/or on his shitty bets in the stock market.

[coyotes_geek]

Chart since Nov 4, 2008, the day Obama was elected.

http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=%5Edji;range=2 0081104,20121112;compare=;indicator=volume;chartty pe=area;crosshair=on;ohlcvalues=0;logscale=off;sou rce=undefined;

Looks to me like Obama's socialist policies only hurt the economy every 5th quarter. 1st quarter 2009, 2nd quarter 2010, 3rd quarter 2011, 4th quarter 2012.

[ChumpDumper]

Do you ever stop stalking?You have me confused with Wild Cobra.

I'll take your non-answer as a no.

[Wild Cobra]

You have me confused with Wild Cobra.

I'll take your non-answer as a no.
Liar.

You constantly replay to people you follow in negative ways.

[ChumpDumper]

Liar.

You constantly replay to people you follow in negative ways.I reply in negative ways to just about everybody, flaglot.

[George Gervin's Afro]

Can someone fill me in? Is this a bitch and moan thread about losing money in the stock market?

[DUNCANownsKOBE]

The market was basically even today. I'm not following what the big deal is.

[mercos]

Predictable Wall Street hissy fit over the possibility of tax hikes on capital gains and the top marginal rate. Once reality sets in and they are done sulking, I fully expect the market to bounce back. If we can get a reasonable solution to the fiscal cliff, 2013 should be a pretty good year. I'm with ElNono though, the market is too damn dangerous now with all of the computerized trading. That shit should be outlawed.

[pass1st]

Damn, I've never seen the stock market fluctuate before

[Agloco]

lol.....Darrin butthurt parade continues.

[LnGrrrR]

What do you think 401k's are?


Private sector employees depend on our investments. We don't have a giant government teet waiting for us when we retire (funded by our fellow citizens).

If only there were some kind of group of people that could get together, to ensure decent benefits when those workers retired.


Too bad those must not exist.

[Spurminator]

If only there were some kind of group of people that could get together, to ensure decent benefits when those workers retired.

I get it, you're talking about Congress, aren't you?

[LnGrrrR]

I get it, you're talking about Congress, aren't you?

I don't know... I just wish there was some sort of way for people who labor to, sort of, I don't know, organize voluntarily into some sort of ... joint venture...

[Spurminator]

I don't know... I just wish there was some sort of way for people who labor to, sort of, I don't know, organize voluntarily into some sort of ... joint venture...

That would be great. Like if groups of workers united to bargain collectively for similar interests. Someone should try that.

[LnGrrrR]

That would be great. Like if groups of workers united to bargain collectively for similar interests. Someone should try that.

Thats a great idea! That way they wouldn't have to rely only on the stock market for their retirement! I wonder why no one has ever thought of that before?

[Wild Cobra]

I reply in negative ways to just about everybody.
OK.

I stand corrected.

[Wild Cobra]

I haven't even looked at my retirement accounts. I'll bet however, I easily lost at least at least $50k as well. Thing is, long term, it will go back up, and currently, I am buying more stocks at the same price out of every paycheck every two weeks!

[CosmicCowboy]

I can understand 401K's etc. as you are in for the long haul, but anyone else playing in the market right now is nuts. With the looming tax increases unless republicans and democrats can kiss and make up (fat chance) there is going to be HUGE tax related trading as investors harvest gains and buy back in to re-allocate and re-establish a new higher tax basis going forward. The drop in apple is a great example. It has nothing to do with profitability...it has to do with big investors trying to harvest the huge gains they have made over the years at 15% tax instead of the 20%+ high earners will pay with the tax increase.

[DarrinS]

If only there were some kind of group of people that could get together, to ensure decent benefits when those workers retired.


Too bad those must not exist.


They exist and they're currently bankrupting California.


My personal benefit shouldn't be at the expense of everyone else.

[Th'Pusher]

They exist and they're currently bankrupting California.


My personal benefit shouldn't be at the expense of everyone else.

Non public sector unions are bankrupting California? Interesting. You learn something new everyday?

[Winehole23]

http://www.theonion.com/articles/john-travolta-olivia-newtonjohn-christmas-album-pl,30364/

[SnakeBoy]

I can understand 401K's etc. as you are in for the long haul, but anyone else playing in the market right now is nuts.

Times like these are the best for "playing" in the market. Traders love volatility. I guess I take the opposite view as you, short terms plays are ok but putting your money in long term and thinking everything will be ok...I'm not so sure about that.

[SnakeBoy]

If only there were some kind of group of people that could get together, to ensure decent benefits when those workers retired.


If only people could save for retirement and get a reasonable return without risking their money on wallstreet. Maybe those days will come back eventually.

[LnGrrrR]

If only people could save for retirement and get a reasonable return without risking their money on wallstreet. Maybe those days will come back eventually.

That'd be an acceptable solution as well :) Besides stocks, is there any way to make enough in savings to support someone in retirement? And most people are relying on stocks because 2% on savings accounts with what they can put away just isn't enough.

[Johnson]

who's getting 2% on their savings accounts?

unless you meant .2%

[LnGrrrR]

who's getting 2% on their savings accounts?

unless you meant .2%

Yes, thanks for the correction. I'm sure that .2% will get us very far.

[Johnson]

deposit $1,000 and in 360 years it will grow to $2,000

[Agloco]

That'd be an acceptable solution as well :) Besides stocks, is there any way to make enough in savings to support someone in retirement?

Negative unfortunately.

[Nbadan]

If only there were some kind of group of people that could get together, to ensure decent benefits when those workers retired.


Too bad those must not exist.

That is the next phase after capitalism collapses because of unsustainable growth...a sort of quasi-capitalism where the workers own the companies, make the products, distribute the products and keep the profits..

[boutons_deux]

HELL YEAH!

[symple19]

I hate to break it to you but you're taking a big risk on gold even though you don't know it. Also it's just as foolish not to risk any of your money as it is to risk all of your money on the market.

Gold is around 7% of my total savings, so it's not such a big risk, imo.

I realize that it would look foolish to most, but it's simply me standing on principle. Are you technically correct? Yes. Do I want any of my money aiding anyone other than me? No. Of course, my savings is spread around several CU's, so it is helping others, but only minimally.

[Wild Cobra]

deposit $1,000 and in 360 years it will grow to $2,000
Cool.

What do you think monthly rent will be by then?

[CosmicCowboy]

Gold is around 7% of my total savings, so it's not such a big risk, imo.

I realize that it would look foolish to most, but it's simply me standing on principle. Are you technically correct? Yes. Do I want any of my money aiding anyone other than me? No. Of course, my savings is spread around several CU's, so it is helping others, but only minimally.

Yeah, I bought most of my gold @ between $370-$400 so I'm pretty sure I'm OK...:lol

[Johnson]

Cool.

What do you think monthly rent will be by then?
I was being sarcastic regarding how long it would take to double your money at .2%

[velik_m]

That is the next phase after capitalism collapses because of unsustainable growth...a sort of quasi-capitalism where the workers own the companies, make the products, distribute the products and keep the profits..

You mean Workers' self-management (http://en.wikipedia.org/wiki/Workers%27_self-management)? Been there, done that didn't work out...

[Nbadan]

You mean Workers' self-management (http://en.wikipedia.org/wiki/Workers%27_self-management)? Been there, done that didn't work out...

This is not socialism, this is quasi-capitalism, it is not driven by service to the country, or some fictitious great plan, it is still driven by profit and economies of scale, i.e. getting the lowest cost, most effective product to the marketplace, except workers own all aspects of the business and split profits, or losses, at the end of the year...and it's gonna come from bartering...

[velik_m]

This is not socialism, this is quasi-capitalism, it is not driven by service to the country, or some fictitious great plan, it is still driven by profit and economies of scale, i.e. getting the lowest cost, most effective product to the marketplace, except workers own all aspects of the business and split profits, or losses, at the end of the year...and it's gonna come from bartering...

If you can get workers to work for less than their output you can lower costs further...

[Nbadan]

If you can get workers to work for less than their output you can lower costs further...

If workers knew that they could get a hefty bonus at the end of the year, do you think they would work harder?

[velik_m]

If workers knew that they could get a hefty bonus at the end of the year, do you think they would work harder?

Sure, carrot helps with motivation, so does stick.

[Nbadan]

Sure, carrot helps with motivation, so does stick.

Your not thinking dynamically...your thinking linearly....what if there were no more needs? ...you could eat whatever you want...cut short disease...replace body parts at will..live an infinitely long time...lead a long, good productive life....kinda takes that stick and sticks it up the ...well, you know...

[velik_m]

Your not thinking dynamically...your thinking linearly....what if there were no more needs? ...you could eat whatever you want...cut short disease...replace body parts at will..live an infinitely long time...lead a long, good productive life....kinda takes that stick and sticks it up the ...well, you know...

lol, John Lennon was a good artist.