Posted on 07/05/2006 7:03:35 AM PDT by ElRushbo
cause of death unknown
Dear sitetest -
Good news. I didn't listen to them. They wanted us to put all our pension funds into bonds. I put the maximum they would allow - 75% - into equity funds. They got very upset. They knew very little about investing.
Heaven's going to be a very lonely, and, frankly, boring place with Catholics like you putting everybody else into hell.
You really ought to get off that kick. Besides being pure nonsense, the self-righteousness is just unseemly.
Grace simply states that it is through God's will and his Son's sacrifice that we enter into heaven. Does that mean that we have a right to go on sinning once we choose Christ? No - but neither does it change the terms of the agreement.
That being said - should I choose to sin are there not consequences? Surely - but those are temporal in nature. The eternal question is always based upon God's terms which were, are and always will be satisfied only by one means. Sorry -longer answer than I intended.
The worker in his 50's shouldn't buy bonds unless he's going to retire in five years. That's my investment philosophy, anyway.
Mass criminal is pretty much self explanatory.
Mr. Lay did his crimes on a mass scale in that his crimes affected masses of people.
As for the other, you seem to be attempting to diminish the culpability of a criminal by defaming his victims.
Mr. Lay in no way paid for his crimes in this life just because he went to the next life.
My thoughts exactly. May God rest his soul.
Sorry. I do not subscribe to the "once saved always saved" get out of jail free card.
It's not in the book.
ROFL~!
No they weren't. That is a media myth. It was a standard public company 401k plan.
Did he (KL) not advise employees to purchase company stock while he was selling his own?
While he was selling some shares to address some of his personal debts, he was taking more options as compensation - which shows that he believed his own silly propaganda about Enron stock.
Jeff Grade
Name is familiar - please refresh my memory.
And those in the same group invested in the Nasdaq in 2000? Too many moving targets to shoot at?
We need to find out how much money Lay gave to Clinton and how much he gave to Bush.
I bet he gave Clinton much, much more!
"If you put less thought into your personal retirement plan than you do into your favorite sports team, then you deserve everything you get."
Should I rephrase that to:
"If you put less thought into your personal defense plan than you do into your favorite sports team, then you deserve everything you get."
No, that'd be a monumentally callous thing to say to anyone who'd been raped (your analogy, remember). I submit that your statement is equally callous.
Anyway that appears to be your position; anyone who didn't stop the harm done to them deserves it. Hope you're never on the wrong side of the equation.
Dear sinkspur,
Well, my own personal plan is to become rich enough that I won't have to worry about it. ;-)
Although it's hard for me to see it myself, I guess bonds are appropriate for folks who get the willies every time the market drops a hundred points. Folks like this (and it's more than will care to admit) are most likely to buy high and sell low.
Having 25% or even 50% of one's portfolio in bonds can give some folks the peace of mind needed to let the other portion of their portfolio do the heavy lifting over the long-term. Having lots of bonds, then, might make them less likely to sell their equities in a panic, and less likely to try to buy into a "good thing" at its peak.
A portfolio like this will certainly be dramatically smaller when retirement day comes, but for a lot of folks, it's not about getting rich, just about having enough. And if between the time they start working and the time they retire they sleep better at night for following such a strategy, that seems reasonable to me.
sitetest
Dear ladyjane,
Well that's very good news indeed! ;-)
Anyone who has regularly participated in the stock market over the last few decades has had a wonderful opportunity to grow rich slowly.
Especially those who tried to be the least tricky or clever. Just regularly invest in good, solid blue chips or index mutual funds or similar investments, re-balance once a year, and ignore the market in the meanwhile.
sitetest
No it isn't. It's a meaningless phrase you invented.
Mr. Lay did his crimes on a mass scale in that his crimes affected masses of people.
His crimes seem to have noticeably affected a small group of people, consisting entirely of the subset of Enron employees who refused to plan their retirement intelligently.
His crimes cost me some money, but I wouldn't victimologize myself as a person "affected" by Lay's malfeasance in any significant way.
Mr. Lay in no way paid for his crimes in this life just because he went to the next life.
He lost his good name, his fortune and the stress apparently put him into an early grave. He probably would have preferred 10 years in prison to the coronary.
Not by me, I didn't lose my job and life savings.
But for others directly affected, I doubt if there are any tears.
They were probably looking forward to the man spending a couple of decades in a Texas prison, how disappointed they must feel?
Well, your submission is deeply flawed.
First, for the obvious reason that being robbed is not the same as being raped.
Second, because one can easily guarantee that one will not be wiped out by fraud at one specific public company.
A person cannot diversify out of having a body that can be raped - a person can quite easily diversify out of a single public company that can be defrauded.
Ken Lay the Victim?
Pretty much everyone in Corporate America dealing with Sarbanes-Oxley was affected by Lay's shenanigans.
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