dow hits record high

Topspin, I don't follow you either. You celebrate the market doing well and to my knowledge are a big believer that people should invest. Yet it seems you are also agreeing with Desh when she says a downturn in the market delays people from retiring and thus investing isn't a smart idea. Those two positions seem very contradictory.
 
evince said:
replacing pensions with 401 ks harms peoples ability to retire when they need to.

they get less too
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We don't live in the 1940's anymore. Workers tend not to stay with the same company for 30 years + like they use to. Do you think some start-up tech company is going to offer a defined benefit plan to their employees?

You are posting that the Dow is at a record high yet saying that it also affects workers ability to retire when they want to. Don't invest in stocks then in your 401K if you are afraid it will affect when you can retire. Leave it in simple bonds or money market type accounts. Take away the risk.
 
cawacko said:
Topspin, I don't follow you either. You celebrate the market doing well and to my knowledge are a big believer that people should invest. Yet it seems you are also agreeing with Desh when she says a downturn in the market delays people from retiring and thus investing isn't a smart idea. Those two positions seem very contradictory.
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You start with a reasonable premise the your assumption part derails you!
On stocks you should view it like this. Desh is a rich high school grad that owns rental property.
I scraped by on pell grants got an accounting degree and MBA, 28 years grinding in corp finance investing 20 percent of salary in 100 percent growth stocks.
I'm a democrat on the pot issue, and to razz conservatards I remind them democrat presidents are good for an extra percent in the market.
 
The Dude said:
You start with a reasonable premise the your assumption part derails you!
On stocks you should view it like this. Desh is a rich high school grad that owns rental property.
I scraped by on pell grants got an accounting degree and MBA, 28 years grinding in corp finance investing 20 percent of salary in 100 percent growth stocks.
I'm a democrat on the pot issue, and to razz conservatards I remind them democrat presidents are good for an extra percent in the market.
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If stocks are the best investment out there then why won't a bank lend you money to invest in stocks?

Come on Mr MBA wow us

Any nimrod can slave away at a Fortune 500 company and cash out a pension. That has more to do with luck than being a savvy investor.

That you completely ignore the value of shorting stocks highlights your ignorance. That you don't see the value of options trading shows you are just a blowhard sitting on a lump sum pension and nothing more
 
I Love America said:
If stocks are the best investment out there then why won't a bank lend you money to invest in stocks?

Come on Mr MBA wow us

Any nimrod can slave away at a Fortune 500 company and cash out a pension. That has more to do with luck than being a savvy investor.

That you completely ignore the value of shorting stocks highlights your ignorance. That you don't see the value of options trading shows you are just a blowhard sitting on a lump sum pension and nothing more
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Shorting stocks is your answer!
Shit no wonder you had to leave to get some work done.
Working class trash
 
The Klamsman gives Dude all kinds of tips...Dude sits on the dock on the edge of the swamp behind his trailer park, and the Klamsman appears and speaks to him...
 
I Love America said:
If stocks are the best investment out there then why won't a bank lend you money to invest in stocks?

Come on Mr MBA wow us

Any nimrod can slave away at a Fortune 500 company and cash out a pension. That has more to do with luck than being a savvy investor.

That you completely ignore the value of shorting stocks highlights your ignorance. That you don't see the value of options trading shows you are just a blowhard sitting on a lump sum pension and nothing more
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How much you want to bet those dividends are more than your salary
Pull up a ten year chart of chevron
Lucky yes
Way above average investor yes
Top of MBA class well
 
Superfreak said:
what happens when pensions go down to the point they cannot pay out what they promised Desh? What happens then?
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I don't suppose a "personal responsibility" guy like yourself might think that company owners should pay any unfunded pensions they agreed to in good faith out of their own pockets if the company can't cover it's expenses?

I mean if they bargained with employees and agreed to certain expense outlays in the future they should have to cover them.
 
ZappasGuitar said:
I don't suppose a "personal responsibility" guy like yourself might think that company owners should pay any unfunded pensions they agreed to in good faith out of their own pockets if the company can't cover it's expenses? I mean if they bargained with employees and agreed to certain expense outlays in the future they should have to cover them.
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What about Detroit city pensions?
 
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