Posted on 06/08/2009 6:52:11 AM PDT by PeterL
As Digital Equipment Corporation went down the toilet, Bob Palmer appointed 200 new vice-presidents in charge of nothing, who all got platinum parachutes. Palmer made $52 million in the collapse he engineered. It was enough to make a solid capitalist start reading Marx.
“The term Financial Planner is an oxymoron.”
I remember what the financial planners said back in 1987 when I lost a chunk of change in the market: “Oops! Well, you have to be in it for the long term!”
I was trying to get the downpayment for a house and in the end I figure I would have done just as well leaving my money in the bank. Which is where most of it has been ever since.
Investing isn't hard but it involves a lot of attention and IMO by the time you hit retirement you should have precious little in equities and your bond money should be spread around between a lot of companies and of various qualities.
As for investment advisors I'm sure there are some good ones but like any sector there are a lot of average ones. Chances are you can do a better job since you have a vested interest; it's your freaking money.
zer0, his buddies, and the congresscritters purposefully destroy the economy, and you blame the CEO’s?
This was a free country, and the compensation for CEO’s was a market-will-bear issue and none of your dang business.
Wait until zer0 tells everyone what they can make. Just see what happens. It isn’t going to work this time either.
“Retirement”. The word will soon be relegated to old dictionaries and archived Google searches.
With few exceptions, the masses will work until they break down. Afterwards, they’ll be sent to a recycling center for organ processing. Soylent Green becomes the new cooking craze on Iron Chef.
You say you are a “supporter” of the President.
Does that mean you voted for him? If so, you have no one to blame but yourself.
And what kind of retirement investments did you make anyway that thety are “all gone”. Bad ones, it would seem.
I took a hit myself, but by no means are my assets “gone”. What did you do to yourself?
Too bad, but I guess you need to get a job - any job to start. Move to cheap accomdations. Stop eating out. Economize.
“Do some research instead of buying into the corporations-can-do-no-wrong mantra. “
I didn’t say corporations can’t do no wrong. I’m just saying “corporate oligarchy” grossly overstates the political power of corporations and sounds like Huff Po crazy talk.
I’m assuming that you know what a oligarchy is.
But CEO compensation didn't cause the crash.
Which is how we get government policies that skin working stiffs, such as the proposed cap-and-trade - a lot of corporations actually like the concept because it will be a barrier to entry for a lot of potential competitors.
Which is why efforts should be to cut the size of government to 1/4th the size or less. Out of control government is the recipe for out of control corporations.
I do not know where this guy is coming from....wifie and I took a hit ( about 30% ) and have already gained a sizeable portion of that back...the only losers in this market are the ones who did not spread it out, and those that panicked and sold out...this is not nearly as bad as black monday was ( but the day after black monday was gold tuesday, and we bought all the stocks we could, and doubled our money in 6 months )....always remember, if you follow the crowd, you will get no farther than the crowd....
CEO compensation was largely tied to stock price, and corporate policies were keyed mostly to maximizing stock price - often at the cost of re-investing into the company. Been there, done that, seen it.
Which is why efforts should be to cut the size of government to 1/4th the size or less. Out of control government is the recipe for out of control corporations.
Except that corporations are now firmly in bed with government.
There's no pandering like a liberal Democrat promising to make Social Security "safe for seniors" and Medicare "rock solid".
I'm not talking about it in the context of controlling corporations. I'm talking about it in the context of a fairly small number of individuals being able to control major corporations through board memberships. That ain't HuffPost talk, that's a basic fact.
We fund the government, or not...
With enough people in agreement that enough is enough.
Maybe you cannot get a job now because you have bad communication skills?
Except that congressional districts are set up to be largely non-competitive.
I am an optimistic person, but it is clear to me that all of the rules have changed. I have no confidence in the economic stimulus plans, although I am a supporter of this President.
>>>>>>> Perhaps therein lays our opportunities. Those of us with first hand experience on how the old rules no longer apply can begin to create the new rules. <<<<<<<<<<<<<
Uh, okay. New rules? Creating new rules? What ‘new rules’?
>>>>>>>>>>>>>> We find strength as we look to each other for strength. <<<<<<<<<<<<<<<
Uh, okay.
>>>>>>>>>>> Our unique bond expanding into a feeling the connection between us…and this connection feels good and right… <<<<<<<<<<<<
‘feeling the connection between us’ ? R U asking me for money, cause we got no connection !
>>>>>>>>>>>>>> and we begin to desire this connection…and nurture this connection…and begin to realize what our world could look like if we took care of each other instead of taking care of our self. <<<<<<<<<<<<<<
oh good, so you are going to help take care of me? with what money, you are broke ! so perhaps you are again asking me to take care of you.
>>>>>>>>>>>> Why not put this into action? <<<<<<<<<<<<
Put WHAT into action ?!?
>>>>>>>>>>>>>>>>> It has been talked about often but never implemented. What do we have to lose? <<<<<<<<<<<<<<<<<
Good question. A lot I think
We lose our freedom. Your ideas have been implemented, in the USSR, Cuba, North Korea, and Maoist China. The results are always the same: death, misery and oppression on a previously unimaginable scale.
*Ding, ding, ding* We have a winner!!!!!! Give dirtboy a cupie doll! :)
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