How much is it going to cost?
- Thread starter airhead
- Start date
wiccanpony
Official Freak Bar Witch
we need a fainting smiley, followed by a mob of angry villagers smiley:cussing:
Probably more than you/we can afford!
airhead
Coffin Dodger / Keymaster
I agree. As of this week, I have less in my retirement than I had at Jan 1. That means that all I\'ve had taken out of my check, all the company has matched, etc. were just to hold my head above water.
So far, they\'ve managed to add 2 years to my retirement date. But who\'s counting?
So far, they\'ve managed to add 2 years to my retirement date. But who\'s counting?
i am so screwed at this point i stopped caring. i have my stuff through AIG and when a company loses 90% of its stock value in a week, then i can say goodbye to my portfolio. i managed to make back about 1/3 of what i lost, which was originally 70%. so yeah i lost about 10 K. but hopefully over time some of it will come back.
freakinacage
Well-known member
the government will never let me retire!
Aliengod3
Active member
Our government is terrible. The people voting on this bill are suppose to be representing the citizens of the states they represent and they are not doing it! Most people oppose the bill yet these damn D\'s and R\'s think that they know what is best for the country and are voting accordingly.
If this bill passes all that is going to happen is corporations will realize they can get away with anything, flounder their companies and have government bail them out at the average americans expense. It is complete bull****. :cussing:
I hate politicians.
If this bill passes all that is going to happen is corporations will realize they can get away with anything, flounder their companies and have government bail them out at the average americans expense. It is complete bull****. :cussing:
I hate politicians.
airhead
Coffin Dodger / Keymaster
I just changed over to the 401 keg plan:
RETIREMENT PLAN INVESTMENT TIP
If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 left of the original $1000.
With WorldCom, you would have less than $5.00 left.
If you had purchased $1000.00 of Delta Air Lines stock you would have $49.00 left.
If you had purchased United Airlines, you would have nothing left.
But, if you had purchased $1000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund, you would have $214.00.
Based on the above, the best current investment advice is to drink heavily and recycle.
This is called the 401-Keg Plan.
Avelorn
Sven Jonsson
Next time this happen (in about 10 years)
Follow this routine:
When the market takes a sudden plunge because of some minor thing and everyone say \"it\'s not a big deal\" wait for it to go up and then sell everything. Wait for at least one year until it seems to get no worse. Then buy!
The top tip is always listen to the \"experts\" and do exactly the reverse.
The problem is of course that if everybody did like this... the system would collapse. It\'s all psychology and values that have no basis in reality.
The entire financial system is quite laughable in a morbid way. After this is over take a quick peak at the GINI indexes how wealth is distributed before and after. Some people make a fortune out of this while your pension funds plummets. It\'s like a sick joke, but it\'s true.
Follow this routine:
When the market takes a sudden plunge because of some minor thing and everyone say \"it\'s not a big deal\" wait for it to go up and then sell everything. Wait for at least one year until it seems to get no worse. Then buy!
The top tip is always listen to the \"experts\" and do exactly the reverse.
The problem is of course that if everybody did like this... the system would collapse. It\'s all psychology and values that have no basis in reality.
The entire financial system is quite laughable in a morbid way. After this is over take a quick peak at the GINI indexes how wealth is distributed before and after. Some people make a fortune out of this while your pension funds plummets. It\'s like a sick joke, but it\'s true.
darklord
New member
how much they spent in iraq and afghanistan?
they way it looks to me in a very simplified manner is \"okay so you wasted your company\'s money chasing bad business but we are going to give you lots more to waste to.you havent learnt your lesson? oh well have it anyway.\" why not give the money direwctly to the people, they can spend it and give the economy a much needed boost. or take it to vegas and hope they get lucky.
now i wonder if i had a business and i screwed it up the goverment would bail me out?
they way it looks to me in a very simplified manner is \"okay so you wasted your company\'s money chasing bad business but we are going to give you lots more to waste to.you havent learnt your lesson? oh well have it anyway.\" why not give the money direwctly to the people, they can spend it and give the economy a much needed boost. or take it to vegas and hope they get lucky.
now i wonder if i had a business and i screwed it up the goverment would bail me out?
ScottRadom
Shogun of Saskatchewan
Well I\'m trying not to panic. Living in Canada I knew it was going to affect us, but tried to remain optimistic. Today I find out our rescource industry here just tick a grade-A shit-kickin\' so I\'ve lost a pile.
I\'m still shootin\' for 50-55 to be able to retire, or at the worst semi-retire. I\'m just trying to tell myself it will all even out in the end, and I am still contributing heavily into retirement savings even in these times. Hopefully the low cost I am paying for my investments now means I will make up the losses sooner rather than later.
As for fixing the economy with a lump sum, I don\'t know the wisdom or even the feasibility of that plan but I think in a situation like this the US government is damned if they do/don\'t. Can they really just sit back and watch without any kind of plan? Maybe this is an imperfect solution but doesn\'t something have to be done? I\'m a little ignorant (I\'m trying not to watch the headlines to closely lest I see some names of companies I have invested in) but is their a \"Plan B\" on the table?
I suggest they steal the money from Oprah.
I\'m still shootin\' for 50-55 to be able to retire, or at the worst semi-retire. I\'m just trying to tell myself it will all even out in the end, and I am still contributing heavily into retirement savings even in these times. Hopefully the low cost I am paying for my investments now means I will make up the losses sooner rather than later.
As for fixing the economy with a lump sum, I don\'t know the wisdom or even the feasibility of that plan but I think in a situation like this the US government is damned if they do/don\'t. Can they really just sit back and watch without any kind of plan? Maybe this is an imperfect solution but doesn\'t something have to be done? I\'m a little ignorant (I\'m trying not to watch the headlines to closely lest I see some names of companies I have invested in) but is their a \"Plan B\" on the table?
I suggest they steal the money from Oprah.
3 home owned used car dealerships went out of business today in my town. they cant get any credit and they wont be able to open again for at least a month if the tax plan passes.
everybody is tightening their asses up real tight here. heck i didnt even buy that warbike set from forgeworld i wanted....i had to settle for GW\'s warbikes instead. lollollollol
everybody is tightening their asses up real tight here. heck i didnt even buy that warbike set from forgeworld i wanted....i had to settle for GW\'s warbikes instead. lollollollol
