Tea Party vs Occupiers Topic

philogenemay
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I never said broke.

But  100K isn't going to support you over the next 15-25 yrs, whereas the 500K might have.
10/20/2011 5:04 PM
moy23
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Posted by philogenemay on 10/20/2011 5:04:00 PM (view original):
I never said broke.

But  100K isn't going to support you over the next 15-25 yrs, whereas the 500K might have.
No one complains when they get 20% annual gains from the 'fraud' to grow that $200k 2002 portfolio to $500k in their 2007 portfolio. Its a risk.... that's what the market is... and with high rewards comes high risk.
10/20/2011 5:09 PM
philogenemay
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Posted by moy23 on 10/20/2011 5:05:00 PM (view original):
50% in the market is not a diversified portfolio.... and savings accounts haven't lost a penny throughout this financial 'meltdown', btw.
As a registered investment rep, do you encourage clients to NOT invest in their company's 401K program?

I know a lot of times we are told that one of the best retirement plans is to invest fairly heavily to maximize the employer match aspect of most plans.

Is that bad advice?
10/20/2011 5:52 PM (edited)
philogenemay
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Posted by moy23 on 10/20/2011 5:09:00 PM (view original):
Posted by philogenemay on 10/20/2011 5:04:00 PM (view original):
I never said broke.

But  100K isn't going to support you over the next 15-25 yrs, whereas the 500K might have.
No one complains when they get 20% annual gains from the 'fraud' to grow that $200k 2002 portfolio to $500k in their 2007 portfolio. Its a risk.... that's what the market is... and with high rewards comes high risk.
Are you now denying the fraud?

Because that's what I am talking about.

Yes I totally agree that you take the gains with the losses and have to roll with them. But when fraud is involved that is a dfferent story. 
10/20/2011 5:12 PM
genghisxcon
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Posted by moy23 on 10/20/2011 4:42:00 PM (view original):
Posted by genghisxcon on 10/20/2011 4:09:00 PM (view original):
Posted by MikeT23 on 10/20/2011 12:07:00 PM (view original):

Yep.   He made the decision to contribute to his company 401k plan, right?    I mean, really, how can someone who is WILLINGLY giving money to someone to invest for them be absolved of blame?  HOW??????????????????? PLEASE ******* TELL ME HOW!!!!!!!!!

Mike is right. Also, if you go to the doctor, and he decides to harvest your organs, that's your fault. And if someone hacks into WiS and steals your credit card info, YGWYD.
Those are crimes. What do they have to do with american funds bond funds? Or t Rowe price growth funds? Or vanguard etfs?
This was in reference to Bernie Madoff. (Mike didn't mention it in his post)


I'm pretty sure Madoff committed a number of crimes.
10/20/2011 5:17 PM
MikeT23
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Posted by philogenemay on 10/20/2011 5:04:00 PM (view original):
I never said broke.

But  100K isn't going to support you over the next 15-25 yrs, whereas the 500K might have.
I said "If you're 70 and broke, you fucked up."

That's where it started.    I could live on 100k for 15 years if my house was paid off.    And, if I'm retired, my house should be paid off.
10/20/2011 5:18 PM
philogenemay
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Agreed.
70 and broke you are definitely guilty of poor retirement planning.


10/20/2011 5:45 PM
moy23
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Posted by philogenemay on 10/20/2011 5:12:00 PM (view original):
Posted by moy23 on 10/20/2011 5:09:00 PM (view original):
Posted by philogenemay on 10/20/2011 5:04:00 PM (view original):
I never said broke.

But  100K isn't going to support you over the next 15-25 yrs, whereas the 500K might have.
No one complains when they get 20% annual gains from the 'fraud' to grow that $200k 2002 portfolio to $500k in their 2007 portfolio. Its a risk.... that's what the market is... and with high rewards comes high risk.
Are you now denying the fraud?

Because that's what I am talking about.

Yes I totally agree that you take the gains with the losses and have to roll with them. But when fraud is involved that is a dfferent story. 
I'm not denying fraud. I do think the systematic collapse was more due to greed than fraud.
10/20/2011 6:05 PM
moosep
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Posted by MikeT23 on 10/20/2011 5:18:00 PM (view original):
Posted by philogenemay on 10/20/2011 5:04:00 PM (view original):
I never said broke.

But  100K isn't going to support you over the next 15-25 yrs, whereas the 500K might have.
I said "If you're 70 and broke, you fucked up."

That's where it started.    I could live on 100k for 15 years if my house was paid off.    And, if I'm retired, my house should be paid off.
Taxes, insurance, heating bills and food would cost more.Another 5-6 thousand per year and you could do it.
10/21/2011 4:39 AM
MikeT23
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I'm pretty sure I could do it on 6-8k per year without a house payment.   And, of course, that assumes no "emergency" bills.
10/21/2011 8:03 AM
MikeT23
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Actually, with just electricity, food and taxes, I can do it on $500 a month.   That would do away with the "extras" we all want but I'm talking about living a healthy life. 

10/21/2011 8:05 AM
moosep
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Do you have a wood stove? Do you own a lot of land with timber? Is Mike going to chop wood and invite the magic coronary? Don't you people pay any taxes and finally how do you like eating leaves?
10/21/2011 9:06 AM
antonsirius
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Posted by philogenemay on 10/20/2011 4:17:00 PM (view original):
Posted by antonsirius on 10/20/2011 3:21:00 PM (view original):
Posted by philogenemay on 10/19/2011 4:43:00 PM (view original):
Posted by raucous on 10/19/2011 4:36:00 PM (view original):
Posted by jonas1102 on 10/19/2011 4:26:00 PM (view original):
For godssake.   If you hate black people, you are probably a Tea Party supporter.  If you're an out of work hippie, you're probably a OWS person.  But that does not mean that everyone in the Tea Party is racist and everyone who supports OWS is a hippie.  Try to focus on the god damn message instead of the lunatic fringe that get the media attention in attempt to distract you.
...and this is why Cain leads the polls by a large amount with Tea Party members.

Don't be naive`. They just SAY they support Cain, so their racism will be less obvious.
Actually, they probably support Cain because he's the current leading non-Romney candidate...
That is circular reasoning.
The reason he is the "current leading non-Romney candidate" is BECAUSE of the Tea Party support. 


No, not really.

The GOP are presenting a bunch of bad options opposite Romney right now. Cain seems the least bad at the moment. As soon as he sinks his candidacy with a gaffe he can't recover from (his pro-choice fudge the other night might just do it) they'll move on to someone else who isn't Romney.
10/21/2011 9:10 AM
MikeT23
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Posted by moosep on 10/21/2011 9:06:00 AM (view original):
Do you have a wood stove? Do you own a lot of land with timber? Is Mike going to chop wood and invite the magic coronary? Don't you people pay any taxes and finally how do you like eating leaves?
I have a fireplace but I also have clothes.   The world doesn't always have to be 72 degrees you know.   In fact, it was 65 in my house when I woke up.   The only taxes I would pay would be on my house.   A couple of pounds of chicken and a bag of rice goes a long way.  Cost about $10 for 4-5 days of food. 

The problem with fatfuck America is that we have to live in perfect conditions and eat steak all day in order to think we're comfortable.   No one knows how to tighten up a bit. 
10/21/2011 9:40 AM
moosep
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Ridiculous! You are not going to eat chicken and rice every day for 10 years. I have my house at 65-66 but how much does it cost you for wood?
10/21/2011 10:25 AM
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