dow hits record high

evince said:
http://20somethingfinance.com/pensions-vs-401ks-why-you-should-care-that-pensions-are-going-extinct/



A Pension Story that Hits Home

My father retires on May 1st. He put in 36 years with the State of Michigan. At one point in the early 90′s, the State offered him a 401(k) cash exchange for the existing value of his defined benefit pension. He turned it down. It was the wisest decision he ever made. In May, he will begin to receive over $3,000 per month in pension benefits above and beyond his living expenses. And this doesn’t even include Social Security, or the 401(k) that he started from scratch! He’s set for life and has the security in knowing that his pension benefits are safe and guaranteed.

Could he have had a bigger payout if he switched? Maybe, but most likely not. The stock market hasn’t advanced in the last 12 years, after all. Either way, I’m almost positive that he’s been able to sleep a whole lot easier back then and he certainly is now
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Do you even realize that this is in direct contradiction to your OP?

Come on Deshy. What is your point?
 
evince said:
http://20somethingfinance.com/pensions-vs-401ks-why-you-should-care-that-pensions-are-going-extinct/



A Pension Story that Hits Home

My father retires on May 1st. He put in 36 years with the State of Michigan. At one point in the early 90′s, the State offered him a 401(k) cash exchange for the existing value of his defined benefit pension. He turned it down. It was the wisest decision he ever made. In May, he will begin to receive over $3,000 per month in pension benefits above and beyond his living expenses. And this doesn’t even include Social Security, or the 401(k) that he started from scratch! He’s set for life and has the security in knowing that his pension benefits are safe and guaranteed.

Could he have had a bigger payout if he switched? Maybe, but most likely not. The stock market hasn’t advanced in the last 12 years, after all. Either way, I’m almost positive that he’s been able to sleep a whole lot easier back then and he certainly is now
Click to expand...

You post that the dow is at a record high then post this story where a kid says he's glad his dad didn't invest in the stock market. Is there a point or a moral here?
 
Pensions Vs. 401K’s: Why you should Care that Pensions are Going Extinct

by G.E. Miller on April 30, 2009
 
evince said:
Pensions Vs. 401K’s: Why you should Care that Pensions are Going Extinct

by G.E. Miller on April 30, 2009
Click to expand...

You realize that pensions aren't guaranteed right? Why do you think others should take care of you? I mean that is what a pension is isn't it? Aren't you capable of caring for yourself?

The stock market is fine, but there are better ways to amass wealth and protect yourself from the wealth destruction created by your boy Obama
 
The Dude said:
What does buffet and gates do?
That's what I do
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Really? So you are a billionaire now like Buffett and Gates?

189654d1363885092-hva-lytter-du-til-i-dag-del-3-20120622052737-rofl.gif
 
I Love America said:
You realize that pensions aren't guaranteed right? Why do you think others should take care of you? I mean that is what a pension is isn't it? Aren't you capable of caring for yourself?

The stock market is fine, but there are better ways to amass wealth and protect yourself from the wealth destruction created by your boy Obama
Click to expand...
What's the better way than stock market!
Son
 
The Dude said:
What's the better way than stock market!
Son
Click to expand...

You mean you don't know?

BTW, did Buffett and Gates get their $500,000 from a defined pension working for an oil company like you did? It cracks me up that you try to pass yourself off as some shrewd investor when all you did was hang around a generous company for 30 years. Now to your credit you do seem grateful to them for it.

But, you aren't some great shakes as an investor. The fact that you don't even recognize shorting stocks as a viable tool shows how little you know.
 
I Love America said:
You mean you don't know?

BTW, did Buffett and Gates get their $500,000 from a defined pension working for an oil company like you did? It cracks me up that you try to pass yourself off as some shrewd investor when all you did was hang around a generous company for 30 years. Now to your credit you do seem grateful to them for it.

But, you aren't some great shakes as an investor. The fact that you don't even recognize shorting stocks as a viable tool shows how little you know.
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Still waiting, what beats stocks long term!
You dumb working class stiff
 
The Dude said:
Obviously you don't
You work for a reason
Your poor
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so says the guy who punched a clock for 30 years until he got that oil pension, but hey if you want to believe that you are the working mans Warren Buffett, so be it puddin ;)

I really can't believe that you don't know what is a better long term investment than stocks. Wow, and here I thought you had an MBA and everything.
 
The DOW is up like 130% since Obama took office.

If you did like my brother-in-law and pulled all your money out because you were sure Obama was going to destroy the United States, you lost out on a chance to more than double your money.

And if you were like my brother-in-law and put everything you had in when Bush took office, because you were sure he was going to save the United STates... well you are currently asking me to borrow money!
 
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