Posted on 11/21/2008 8:51:31 AM PST by Jeff Head
I put ALL of mine in long term securities and bonds last November and have been riding out this whole thing at 4.25-4.5%.
Well ain’t that a fine how do you do! Where the hell was the ping on that one? Just Kidding.
My previous investments I have left alone, spelled at risk, but for the last ten or twelve years, I have put my yearly IRA investment into CD’s which are doing around four percent if you can get it.
Oh PS, previous investments doing quite well, if you consider the 33% loss, doing quite well. Thirty three percent works out to over 100,000 dollars and on a previous thread I postulated that I was almost to the point of taking a trip to DC to have a personal revenge ceremony where I extracted that amount from the hides of Chris and Barney.
As always, you are very welcome AG!
And there will be hell for all of us to pay, just as we have been paying ever since for Careter and Clinton. They leave tentacles that are deeply embedded and take years to remove.
We need about 12-16 years stright of good, conservative leadership that will not back down and will not give in and will move all-American, traditionalconservative principle forward to eradicate the infection.
That co-worker had had his in thiose type of investments his entire career. I had always had 50% of mine there anyway and to that date had been averageing 10-12% with the other half. Now it is all earning the same...but at least it is not losing.
I do not have a whole lot...but as a result, I have been able to keep what I have and will be very slow and careful about risking any of it unless there is a clear turnaround that looks sustainable.
Sadly, the dems and Obama are talking about trying taking all of our 401Ks and putting them into the Social Security fund and give us all 3%. Not just what companies have invested...all of it, every bit of the money you or I have invested. I will pull ALL of mine out of my plan, take whatever penalty and put it all into personal long term bonds, securities and CDs before I will ever take part in such a plan...and I do not believe I am alone.
and I do not believe I am alone
You are not! I would be interested in what your older co-worker thinks now, and how big a hit he has taken. My luxury if you can call it that, is being retired from the USAF, old enough to draw Social Security, and still working. My investment income is not a necessity, yet.
Prices started down thanks to President Bush but are crashing thanks to the worldwide economic Obama Meltdown. Supply stayed the same and demand crashed.
Pray for W, Gov Palin and Our Troops
ping
He will keep his there until he retires next year...though if they try to pull his out for this 401K plan the dems have he will do something different but is hoping he can get out in front of any of that.
Amen...we pray for them each day, and will also pray for Obama when he gets in. I do not wish ill on my country just because of a person’s political stance...but will oppose un-American and anti-American efforts and initiatives of the same to the hilt.
Pretty pop up invasive, can you fix that?
Are your long term securities and bonds insured by FDICA?
I hope you aren’t buying up California’s debt bonds.
5.56mm
From your keyboard, to God's eyes!
I would give anything to not deal with those coming into office in January.
I truly dread the next 4 - 8 years.
Talk about an "Obamanation"!
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