General Music Chat

It seems to me that if you picked your 40-50-60 year life so far, out of any period in that graph. You could have made more than enough money to
secure your future. The companies that a lot of people detest could have
taken care of you and you would be one of the people that you complain about. It was right there. You just had to invest.

Buy low, Sell high. That simple phrase would have done it all, dispite co.
policies and global economics and politics. I suspect greed kept many from securing their future
by chooseing cars, fancy homes, expensive toys and what not, instead of buying STOCK.

That graph is unarguable. Momma told you to save your money. She said life
would fly by. Ignorance is no excuse for most. I am guilty too but wised up in time.

It's still there right now. You just need to be resonable.


http://stockcharts.com/freecharts/histo ... a1900.html

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I had 95K in a 401K that was mostly stocks; it took 16 years for it to build up to that. In August 2007 it started bleeding, and eventually went down to 43K, less than half its value. It's now back up to 80K. My home was worth 240K in 2007; I sold it in June 2011 for 156K. I did all the "right" things and still got my ass kicked. The future is NOT secure, especially if you play with stocks and real estate. But it's still the best way to get ahead legally.

High - Low - Sell - Buy, You made the choice, You had control.[/b]

woulda coulda shoulda

It doesn't work that way. You can't just "sell" and get out of your 401K without incurring substantial fees and penalties. You can move things around, but when everything is losing there's not much you can do.

Move to Colorado and grow weed.
It's always a easy sell.

I'm invested in eternity . . . the rest is irrelevant.

Incorrect JD.

It's called a self directed 401k.[/b]

High - Low - Sell - Buy, You made the choice, You had control.[/b]

That works if Wall street plays above board. The reason people today don't invest, is because they feel no confidence in the "integrity" behind the financial game.

We all know that Stocks are risk... But Greedy leaders have out leveraged the natural course of markets so badly, that the risks are a guaranteed loss now. Many Folks are taking it in the ass , despite doing all the right things...

It doesn't work that way. You can't just "sell" and get out of your 401K without incurring substantial fees and penalties. You can move things around, but when everything is losing there's not much you can do.

I know a lady whose father had like 300K and when the market took a downturn he lost like half.

I had to liquidate mine when I got sick six years ago and was on disability. But I finally built it back up to there and then some. I don't have all of mine in stocks.

Chaeya

I'm invested in eternity . . . the rest is irrelevant.

That works for me.

My 401k lost big in 2001 and again in 2008; to the point that it was worth less than what I had sunk into it. Capitalism takes no prisoners.

We used to have a system based on creating wealth from goods, now we have a system that creates goods from wealth. A lot of capitalists will argue that an increased percentage of the population is lazy and stupid, when the reality of it is that the national IQ average has gone up steadily over the last 50 years, people are working harder, longer hours, making less money and less security than since the great depression.

But as expected, it's always our fault, cause we didn't gamble wisely enough.

Creating goods was a proven method of a comfortable middle and lower class. Gambling has proven to be a chaotic and unpredictable system, but a solid method of creating poverty alongside a small, yet obscenely wealthy upper class (the 1%). It's not sustainable.

They have to realize it by now. How long of telling people in poverty (almost 50% now) that they are lazy, unmotivated, and stupid before they start using that stupidity to do stupid things like invading gated communities and building some makeshift guillotines and taking "justice" into their own hands? Not long from what I see. I give it 10-15 years at best. Sooner if GW keeps choking the food supply like it did this year.

Just sayin...

My momma didn't tell me nothing. I watched my dad bust his hump every day every week every year, finally retired for good at 67, started enjoying things and died 5 years later from cancer after a stroke.

So I've spent my money enjoying life's many offerings, got a house that the bank owns more of than I do, and a room full of guitars and stuff.

Well between the stock market, a divorce and a couple of other screwups by me, I guess Im about a fourth of what I was at one time.

Im just trying to get back to half of what I used to be right now.

My 401k lost big in 2001 and again in 2008; to the point that it was worth less than what I had sunk into it. Capitalism takes no prisoners.

We used to have a system based on creating wealth from goods, now we have a system that creates goods from wealth. A lot of capitalists will argue that an increased percentage of the population is lazy and stupid, when the reality of it is that the national IQ average has gone up steadily over the last 50 years, people are working harder, longer hours, making less money and less security than since the great depression.

But as expected, it's always our fault, cause we didn't gamble wisely enough.

Creating goods was a proven method of a comfortable middle and lower class. Gambling has proven to be a chaotic and unpredictable system, but a solid method of creating poverty alongside a small, yet obscenely wealthy upper class (the 1%). It's not sustainable.

They have to realize it by now. How long of telling people in poverty (almost 50% now) that they are lazy, unmotivated, and stupid before they start using that stupidity to do stupid things like invading gated communities and building some makeshift guillotines and taking "justice" into their own hands? Not long from what I see. I give it 10-15 years at best. Sooner if GW keeps choking the food supply like it did this year.

Just sayin...

Kramer, that's an interesting take. There is an old model of economics called "Guns & Butter" , which describes a society's current orientation on spending and production. Guns actually refers to technology production, with respect to a 'growing' economy. (It can include, but is not limited to weapons production) Butter would describe the production of luxury, or as some folks put it; the 'toys' for society.
In WWII, USSR was under the curve of Guns production... Subsequently, they didn't get many toys... and eventually the USSR fell apart. (Remember that Economics is actually a study of human behavior) . If I'm not mistaken...Nazi Germany attempted to shift rapidly to a Butter economy (When Hitler promised goods and services to Germans) . He won them over, but couldn't shift his economy back, fast enough to effectively continue his world domination campaign.

Today, IMHO we are inundated with a "butter" Economy, compounded with an inability to pay off the debt we accrued to obtain our toys.. You and I wont suffer...But your kids and their kids will suffer extremely... because, as a nation we are com,promised and vulnerable to a lot of sharks out there now. We can operate an IPod, but we cant manually run through a trajectory to intercept a weapons launch... (Better hope those computers Dont get hacked or break down.

Face it, Our kids will have to chop down the Shade-tree that our parents planted and grew, and use it for their fire wood...