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lol.....Darrin butthurt parade continues.
Damn, I've never seen the stock market fluctuate before
lol.....Darrin butthurt parade continues.
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.
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...
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?
OK.
I stand corrected.
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!
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.
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?
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.
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 wellBesides 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.
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.
deposit $1,000 and in 360 years it will grow to $2,000
Negative unfortunately.That'd be an acceptable solution as well
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..
YEAH!
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.
Cool.
What do you think monthly rent will be by then?
Yeah, I bought most of my gold @ between $370-$400 so I'm pretty sure I'm OK...
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