Community > General Discussion

Topic: 401k
longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 07:11 PM
I'm not a gambler anymore. At least not with taxable retirement accounts into money markets run by crooks. Ask those piece of crap money market guys where their money is. It sure is not in those accounts they picked for you.- more crooks.

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:13 PM
401k's is risky, now that the economy is bad ,people want to cash in, unless you know your company is going bankrupt just try to stick with it.or invest it in deversified stock the co i work for is going to go belly up .the money i want to pull is in other stock from another co well then pull it cause they can take it with them and you'll be screwed ,you'll spend more money trying to get it,thats why ,co. take it, so get your 401k here we were to believe that 401k was safe.i put lots of money in it for 7 years and when that co fired me i put in stock market.then i started this new co that matches 6% on the $ And 50 cents per hour.now the co is going to go down. so it looks like i will cash in on what i can.we work and save for what .every way we try they get us very true, it sucks when capitalism screws with your money i have vacation time i should cash in and have some fun to.who knows if i will make it to 65 or what they want is to work tell you die at work.sounds like a road trip

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:16 PM
I'm not a gambler anymore. At least not with taxable retirement accounts into money markets run by crooks. Ask those piece of crap money market guys where their money is. It sure is not in those accounts they picked for you.- more crooks. oh that is a good point.i feel like i just got the high hard one.they have been giving it to me all along and now i see the light.oh i am going to go get a beer. i will feel good tonight.

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 07:18 PM
Suggestions for tangible investments? Silver. National bank notes. Double E bonds. Antiques. 1970 hemicuda. 1958 gibson les pauls. ...there is a finite number of these tangibles. Only so many. The values never go down. Right now the market holds on any of these items at 375% return. Ming vase and arabic camelhair woven rugs- persian dynasty are in there also. Certain crystal plateware is skyrocketing too. Time to kiss grandmas ass real hard and pry your way into her will. Buuuuuurrrrppp!!! Thanks for the beer.

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:19 PM
Right now your best investment is IRAs at least that's what my guy tells me.... yea they will only let you put in like 5k a year.when is the gov going to tap that.in the old days people put it in a coffee can i see why.

Lily0923 Joined Sun 12/02/07 Posts: 20429	Thu 09/25/08 07:20 PM
Right now your best investment is IRAs at least that's what my guy tells me.... yea they will only let you put in like 5k a year.when is the gov going to tap that.in the old days people put it in a coffee can i see why. True...

Lily0923 Joined Sun 12/02/07 Posts: 20429	Thu 09/25/08 07:21 PM
I like my money where I can see it...Hanging in my closet. Kidding that's from sex and the city...

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:27 PM
I like my money where I can see it...Hanging in my closet. Kidding that's from sex and the city... they say you cant take it with you.you cant even keep it when you are alive what i have been through in life this is a walk in the park.i try to have fun and enjoy sure i want to save for when i get old but it seems like they dont want you to.i did cash in on half this year to get a new roof on the house so what the heck what not go for it all.

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 07:30 PM
I completely cashed out my fully vested 401 6 weeks before 9/11 after I caught my boss hiding money in my name in another retirement account. He didn't like the federal agents at his door very much- the crook. ....I lost 15% by the way and never looked back. My fellow employees with the same medium to high risk 401s lost 40,000 to 100,000 dollars in the weeks after 9/11. If it wasn't for my boss being a crook, I wouldn't have gotten angry and cashed out and nailed him on the phantom account. I would not have educated myself further on investing and getting into tangibles and I would be in worse shape today. Just remember with tangibles to have insurance. Its part of the game. That hemicuda is worthless in the garage if it burns up in a fire without it.

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:33 PM
Suggestions for tangible investments? Silver. National bank notes. Double E bonds. Antiques. 1970 hemicuda. 1958 gibson les pauls. ...there is a finite number of these tangibles. Only so many. The values never go down. Right now the market holds on any of these items at 375% return. Ming vase and arabic camelhair woven rugs- persian dynasty are in there also. Certain crystal plateware is skyrocketing too. Time to kiss grandmas ass real hard and pry your way into her will. Buuuuuurrrrppp!!! Thanks for the beer. and the cost of everything is getting so hi that now it is like even if you make 50 k a year you are a poor person.i make good money but what is saving. a old man told me if you work you should be able to save or why should you work.

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 07:35 PM
Can't take it with you. Ha ha ha ha. Bury me in a 70 hemicuda with a 58 les paul flametop across my lap and a beer in my left hand and I'm a happy man.

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:36 PM
I completely cashed out my fully vested 401 6 weeks before 9/11 after I caught my boss hiding money in my name in another retirement account. He didn't like the federal agents at his door very much- the crook. ....I lost 15% by the way and never looked back. My fellow employees with the same medium to high risk 401s lost 40,000 to 100,000 dollars in the weeks after 9/11. If it wasn't for my boss being a crook, I wouldn't have gotten angry and cashed out and nailed him on the phantom account. I would not have educated myself further on investing and getting into tangibles and I would be in worse shape today. Just remember with tangibles to have insurance. Its part of the game. That hemicuda is worthless in the garage if it burns up in a fire without it. thank you for your help.at 44 i still am a young grasshopper

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:37 PM
Can't take it with you. Ha ha ha ha. Bury me in a 70 hemicuda with a 58 les paul flametop across my lap and a beer in my left hand and I'm a happy man. so true life is to be enjoyed.

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 07:42 PM
Right now your best investment is IRAs at least that's what my guy tells me.... yea they will only let you put in like 5k a year.when is the gov going to tap that.in the old days people put it in a coffee can i see why. ...this could get me in trouble. I am posting a disclaimer and a hold harmless clause before I say this so I don't get nailed for insider trading....ok yeah IRAs are good right now. Stable. Roth are holding their own and ITT IRAs are doing excellent. Above par. Pension plan type earning or so I heard because I don't want to go to jail. Ha ha ha ha! Check into it seriously and best of luck. Sorry to hear of your loss. I'm going through the same after 16 years with my employer.

tngxl65 Joined Sat 01/12/08 Posts: 6189	Thu 09/25/08 07:44 PM
If the economy truly goes south, it won't matter much where my money is. The market fluctuates and adjusts. My 401K has taken a bit of a hit, but it will likely rebound. And my company matches dollar for dollar on the first 2%, .50 for the next 2%. So when I put in 7%, I effectively get an immediate 3% return. My 401K is with Wachovia... still kicking. Goldman Sachs and some international funds are where most of my money goes. Historically they have done well and I expect them to continue. And I'll keep putting my money there for now. Usually the mutual funds take advantage of these times and buy low. We'll see if it plays that way after (if?) everything stabilizes. Everyone is rolling the dice. I'm betting on things getting better.

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 07:52 PM
I'm 43 and I'm not too happy about starting over. Things that are going to get us ahead are our honesty, reliability, our credit, and our intellegence. My work record and all these other things has gotten me my dream job offer. Between pension, IRAs and tangibles I should be ok if health holds out.

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:56 PM
If the economy truly goes south, it won't matter much where my money is. The market fluctuates and adjusts. My 401K has taken a bit of a hit, but it will likely rebound. And my company matches dollar for dollar on the first 2%, .50 for the next 2%. So when I put in 7%, I effectively get an immediate 3% return. My 401K is with Wachovia... still kicking. Goldman Sachs and some international funds are where most of my money goes. Historically they have done well and I expect them to continue. And I'll keep putting my money there for now. Usually the mutual funds take advantage of these times and buy low. We'll see if it plays that way after (if?) everything stabilizes. Everyone is rolling the dice. I'm betting on things getting better. i hope it goes good too.the gov should ask for all are money they gave to other pepole to help them.make them pay us back.they could give me some money and i could do like them never pay them back.the co i have my money in has always made me money in the down market.as soon as i let them invest it they were making me money.every company i worked for lost me money.yea i am getting buy but just getting buy.and now that they talk about tapping 401k it is sad they should cut gov spending we all have cut are spending from day to day it is time they do

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 08:01 PM
If the economy truly goes south, it won't matter much where my money is. The market fluctuates and adjusts. My 401K has taken a bit of a hit, but it will likely rebound. And my company matches dollar for dollar on the first 2%, .50 for the next 2%. So when I put in 7%, I effectively get an immediate 3% return. My 401K is with Wachovia... still kicking. Goldman Sachs and some international funds are where most of my money goes. Historically they have done well and I expect them to continue. And I'll keep putting my money there for now. Usually the mutual funds take advantage of these times and buy low. We'll see if it plays that way after (if?) everything stabilizes. Everyone is rolling the dice. I'm betting on things getting better. ....I just can't take a risk like this. I've lost before. I feel all markets unstable and not short term.

andreajayne Joined Mon 09/24/07 Posts: 8202	Thu 09/25/08 08:03 PM
i work for the goverment in an office that requires me to contribute to a state fund, I don't have the option of pulling out.

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 08:05 PM
I'm 43 and I'm not too happy about starting over. Things that are going to get us ahead are our honesty, reliability, our credit, and our intellegence. My work record and all these other things has gotten me my dream job offer. Between pension, IRAs and tangibles I should be ok if health holds out. the co i work for now got rid of pensions .and now is out sourcing are jobs to china.instead of building on to are co.they bought a co in china.and now this year we will be up for contract in the union.they only have gave us a 50 cent raise 10 years in the past .the cost of livening goes up more than 50 cents a year. now they gave us insurance that we pay 50 a week .the company i work for is doomed.i too have had 23 jobs now and i have my dream job but the days are ticking down to job 24.