10 years 'if' Democrats are out in 2 yrs, and Øbama out in 4
Posted on 03/05/2009 12:03:14 PM PST by rabscuttle385
He cites a positive rate of return. I would be happy to stop the negative rate of return at this point.
You just nailed down the difference between the nominal and real values of an asset.
Obama represents the beginning of the era of post-capitalism.
We are no longer concerned about the production of goods and services.
We are only concerned about distributing whatever is produced “fairly.”
The era of the “distributionists” has arrived.
They say brilliance is being able to simply explain the complex.
Your quote is brilliant. A perfect summation.
And considering I don't trust them.......I would be very, very concerned IF I had a 401k
But I chose years ago....to NOT take my companies retirement option...EVEN with the "matching" monies....
Now I took major heat from the AIG "pusher" ( she used to stalk me at work...Ha! )....and some mild heat from co-workers....but turns out I was correct. ( First time in ages...: ) )
Anyway......I think it's quite possible that the Feds take that action..and most of da folks would be happy to take it. ( Because they are Sheeple...)
I wish I would have borrowed my 401K last summer and taken my family to DisneyWorld.
Paying it back to myself at 6% would have been far more advantageous than letting it freefall like this.
It will end when there is either nothing left to distribute, or when victimized owners band together and refuse to allow it to continue.
it will be nationalized long before that.
I made almost +5% last year keeping all my money in the Stable Fund investment choice. This year I have only +.6% growth for the first 2 months. But what else is there that is making any money?
You know, when people lose their life savings they get mad, then they get desperate, then they get even.
My 401(k) is in tatters. I am enraged. But there is nothing I can do...................
You do have small options take the money out if you can and pay the penalties or dump what is left into an income fund you wont gain alot but you certainly wont lose it. I have been put on notice from my 401K that I have made excessive trades trying to dump it all into the income fund and now I can not trade or swap accounts for 60 days, but at least I got to the funds that had the most money in them first
We’re under 1 percent return this year, but if we can maintain that’s good enough for us. If they decide to nationalize the 401K’s...I think we might take the penalty and tax hit, though it would be hard to realize we’d only get about 60 percent of our savings, but something is better than nothing, and if they nationalize them, they’re going to be run by the SS Administration, and I have zero faith in them...so we’d probably take the hit.
As far as making any money...we have some money (not in 401K) in gun stock, RGR, SWHC...right now they’re not doing too bad. They’ll probably prove positive until Obama decides to pass some gun control law, then they’ll tank too, LOL.
Right. It could take a hell of a lot longeer or if Obama is not stopped it could never come back.
Dump the 401K for an IRA.
Those of us who ignored the pollyannas in the media, on this forum, and in the govt don’t have to worry about our 401k’s “recovering”
Yeah, it could take ten years - that’s if and it’s a solid “IF” if the dems don’t confiscate it.
I did the same.... the day after Lehman went under.
“.......I would be very, very concerned IF I had a 401k”
Something I’m beginning to wonder: How much stock do the 401k’s own and what happens if many or most of them begin to bail?
I hear people who have a good 20 yrs to go before retirement sounding worried and anxious to bail NOW.
I've been seriously considering doing this. Pay off the credit card and use the rest for more ammo.
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