My new Economic plan for 401k

[Little6pack]

Economic Plan

Invest $1K in Delta Airlines 1 yr ago,
Today worth $49.

Invest $1K in AIG 1 yr ago,
Today worth $33.

Invest $1K in Lehman Brothers 1 yr ago,
Today worth $0.

Drink $1K of Bud in the last year,
Recycle cans. Today worth $214.

Average Citizen walks 900 miles per yr &
drinks 22 gals of alcohol per yr.
That's 41 miles per gal!

Therefore, the best current investment plan.
Drink Bud & recycle. Called the 401-KegOfBud

 

[deezdad]

Lol, still applies!

 

[Gene Van Horn]

Nothing like sound financial planning.

 

[2QUIK6]

My generation has not made squat in the market...made lots in the 90's..lost all the gains with the tech crash of '99....made lots more in the early 2000's, lost all that in the 2008 crash...made it back and past even after that, now just barely above even after the oil crash and the crashing of the recent weeks....net is about 5-7% gain over 22 years of saving....so, now the plan to to work till I die and spend a big chunk of it later this year or next on a new Z06
So how'd the original post get posted in 2008 with no replies till now?

 

[deezdad]

Searching 401k posts from people that are smart enough to choose turbo Buicks for toy cars... Let's face it, this is just a deusch economy based on nothing other than people keeping their fat faces planted in an apple computer product...considering my options

 

[Mark T-TB]

Searching 401k posts from people that are smart enough to choose turbo Buicks for toy cars...

... and considering that quite a few folks on here have multiples of 'em ... what are your conclusions so far?

I'll be watching for some good ideas... 'cause otherwise my "plan" seems a lot like Rob's ^^^ - except minus the Z06, and I've been saving for more than 35 years

 

[deezdad]

Conclusions are that many of the paranoid anal retentive conservative conspiracy theorists on this board (of which I seem to becoming ) are onto something...the fix is in n we're just gonna continue taking a bath so may as well spend it now and enjoy or stash it under your matress

 

[6cylboost]

My wife only blows my money.

 

[SPOOLFOOL2]

I never fell for the .com crap. I only invest in tangible commodities.









Like this one.



Seriously. I've owned it 15 years. It's worth three times what I paid for it. My house, stocks, mutual funds, retirement. Nothing else has kept up with it. Not even that modded twin turbo Porsche a that tried to run me a few weeks ago.

Mike B.

 

[~JM~]

As the last of the "Baby Boomer" generation begins to down-size & retire, the largest group of income producers/consumers/spenders will no longer be stimulating the economy. The economic future looks gloomy to say the least. Try to minimize & eliminate any financial obligations that you may have. Purchase & pay off the last home that you plan to live in. Do not trust/depend upon the stock market. You probably should not rely upon any banks to safeguard any savings you might have. Seek out & obtain as much gold, silver, cash that you can & hold it close. Look at the events occurring in Europe, China, etc, as their economies spiral downward. The USA's debt will eventually catch up with us. Some predict as soon as 2016 or 2017. Only time will tell.

 

[bison]

What if you didn't get hosed in 1999 because you weren't heavily invested in tech and moved everything to low risk before the 2008 crash? I can't believe some of the risk some baby boomers took in the early 2000's. Some took a 50% hit on their 401k. Can't blame the stock market for it either. Maybe they should have paid attention and selected less risky options. I avoided the big hit in 2008 but didn't jump back in at the right time so lost a little of the gains i could have. Still way ahead. Even with the big crashes averages in the stock market is ahead of other investments over the long term.


Sent from my iPhone using Tapatalk

 

[Pronto]

This cracks me up. Known Steve since 6th grade. Steve's been out of cars for 5 years. His wife beat him up so bad about spending money on cars he finally gave up. 2 bad deals I warned him not to buy fried his ass too. Sucks for a guy 56 years old to be denied something he's enjoyed all his life. His first car was a 65 GTO he got in high school. He's had dozens of street cars since. Last good car was a Turbo Limited. When his Mom's Alzheimer's care ate up his big inheritance he threw in the towel. His wife won. He loves to get and forward silly email time wasters. I get a couple a day from him. This clearly was one of those cut and paste jobs from him. He did like to stir the pot and 7 years later he did again.