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The Retirement accounts of many American Citizens

AbuskedtiAbuskedti Posts: 1,917
edited October 2008 in A Moving Train
have lost billions upon billions of dollars

Do you wonder where that money went?
Post edited by Unknown User on

Comments

  • jbalicki10jbalicki10 Posts: 517
    Abuskedti wrote:
    have lost billions upon billions of dollars

    Do you wonder where that money went?

    What money? You spent the money on stock.
  • know1know1 Posts: 6,794
    Abuskedti wrote:
    have lost billions upon billions of dollars

    Do you wonder where that money went?

    They still have the same number of shares of stock.

    Abu,
    Do you wonder where the money went when the price of gas goes down, too?
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • LizardLizard So Cal Posts: 12,091
    where does fat go when people lose weight???
    :confused:
    So I'll just lie down and wait for the dream
    Where I'm not ugly and you're lookin' at me
  • Kel VarnsenKel Varnsen Posts: 1,952
    But you only lose the money if you cash out your investments. That is why it is called unrealized loss. Plus if you are close to retirement age and you still have a large portion of your retirement fund in stocks someone dropped the ball. I mean I am no where near retirement, and my investment advisor isn't really that great, but even he told me that when you are young you go high risk, but as you get closer and closer to retirement more of your money should go into areas with little or no risk.
  • jbalicki10jbalicki10 Posts: 517
    Kel Varnsen wrote:
    But you only lose the money if you cash out your investments. That is why it is called unrealized loss. Plus if you are close to retirement age and you still have a large portion of your retirement fund in stocks someone dropped the ball. I mean I am no where near retirement, and my investment advisor isn't really that great, but even he told me that when you are young you go high risk, but as you get closer and closer to retirement more of your money should go into areas with little or no risk.

    Yep, 401k 101 right there in a nutshell.

    Now is the time for the next 10 years to save money in 401k. If your not going to retire in 30 years, you are golden!!!!
  • LikeAnOpeningBandForTheSunLikeAnOpeningBandForTheSun Posts: 6,097
    if you were a hotdog would you eat yourself?
  • know1know1 Posts: 6,794
    jbalicki10 wrote:
    Yep, 401k 101 right there in a nutshell.

    Now is the time for the next 10 years to save money in 401k. If your not going to retire in 30 years, you are golden!!!!


    Yep - lots of cheap fund prices out there now. It's probably a good thing for those that have more than 10 years until retirement.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • Strangest TribeStrangest Tribe Posts: 2,502
    jbalicki10 wrote:
    What money? You spent the money on stock.
    Very true...
    But you also gave a loan to the government to bail out the Banks and AIG just remember that when your elected officials allow corporations to act irresponsible and reckless.
    the Minions
  • CosmoCosmo Posts: 12,225
    Well... my 401K tanked and dropped about $200K.
    I figure... whatever. It's only speculative worth, right? I mean.. i stll have a house and can buy food. No big deal.
    Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
    Hail, Hail!!!
  • spongersponger Posts: 3,159
    None of that money really existed in the first place. The economy was pumped up on low interest rates and bad debt. May as well have been monopoly money.

    9 months ago I called an investment AM radio show and told the host that a huge housing crash was on its way and housing prices were going to fall back all the way to 2001-2002 prices because average income has not risen since those years, and it's impossible for the economy to really expand without average income following alonside. I gave him a bunch of other reasons too.

    He told me I was flat out wrong..that there was no way that could happen. Well...look at where we are now? Prices are at 2002 levels and still falling...LMAO.

    That radio show is no longer on the air, BTW. It has been replaced with a Christian support show.
    reigning champion

    http://forums.pearljam.com/showthread.php?t=272825
  • know1know1 Posts: 6,794
    sponger wrote:
    None of that money really existed in the first place. The economy was pumped up on low interest rates and bad debt. May as well have been monopoly money.

    9 months ago I called an investment AM radio show and told the host that a huge housing crash was on its way and housing prices were going to fall back all the way to 2001-2002 prices because average income has not risen since those years, and it's impossible for the economy to really expand without average income following alonside. I gave him a bunch of other reasons too.

    He told me I was flat out wrong..that there was no way that could happen. Well...look at where we are now? Prices are at 2002 levels and still falling...LMAO.

    That radio show is no longer on the air, BTW. It has been replaced with a Christian support show.

    I'd say it probably isn't on the air. People were talking more than 2 years ago about the housing crash.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    As Mr. Buffett stated, "now is the time to be greedy and buy". I figure he has to know something. I'm in multiple pensions, an annuity, a 401k, and a Roth IRA. I buy stocks through my TDAmeritrade account and I know it is a gamble going in. However I buy what Mr. Buffett does, only on a slightly smaller scale. I also buy a few others that I like and I've gambled on a few penny stocks.


    on edit: Here is a link everyone should have favorited. http://www.cnbc.com/id/22130601/
  • puremagicpuremagic Posts: 1,907
    jbalicki10 wrote:
    What money? You spent the money on stock.


    Stocks are an investment product of a company. Once the value of that stock goes down, money is lost, real money. If not, then what was the point of the Bailout.

    People are thinking ENRON as they watch their retirement accounts being wiped out while corporate executives walked away with the full value of their stock portfolios. They're are struggling to understand what, if any pension they will have under corporate mergers. Many people who contribute towards their pension plans don't have a say as to where that money is invested, they only have selected options.

    The original question may sound naive, but the concern behind the question is widespread.
    SIN EATERS--We take the moral excrement we find in this equation and we bury it down deep inside of us so that the rest of our case can stay pure. That is the job. We are morally indefensible and absolutely necessary.
  • jbalicki10jbalicki10 Posts: 517
    puremagic wrote:
    Stocks are an investment product of a company. Once the value of that stock goes down, money is lost, real money. If not, then what was the point of the Bailout.

    Not the same. Your right a stock is a share/stake in a company. If the company goes belly up, so does your share. If you company does very well, you do very well. If it goes bad, the stock's value is down.

    Your investment is only lost if you sell below what you bought it for. If you sell it higher that what you bought it for, its a profit. That's the risks. People don't understand the risks when they buy something. (IE Real Estate, Stocks, Bonds etc...)

    The Bailout was not for the stock market. It was for Banks to free up credit to give out loans.
  • mammasanmammasan Posts: 5,656
    Technically you didn't loose the money, you never really had it. The only money you really had was the initial amount you used to purchase that investment.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • prytojprytoj Posts: 536
    know1 wrote:
    I'd say it probably isn't on the air. People were talking more than 2 years ago about the housing crash.

    and four years ago as well...

    Experience-less,

    Just click, watch and weep , in their own words:



    http://www.youtube.com/watch?v=_MGT_cSi7Rs&NR=1
    Pelosi and Reids Rangers

    http://www.youtube.com/watch?v=usvG-s_Ssb0&feature=related
    or the private sector

    in their own words on video record....
    hey, no worries....
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