My 401k

[Henry Hawk]

-9.7% as of Feb. 29.  Can you feel the progress?

you mean the vast progress by the democratic congress and senate?....

[C91]

-9.2% at the end of March.  Progress?

[Y]

I agree.  But the Democrates were able to scare too many people , making it politically impossible for politicians to implement Bush's voluntary plan.  Bush tried to start the process of change to some form of permanent viable financial security for us masses.  He was thwarted.

It was just a first shot across the bow of public awareness.  The issue will be back so we might all just as well educate ourselves about SS so we can make good decisions on what to support.

Oh puleeze, Mun-ro.  The problem is, and has been, not that SS monies should be allowed into the stock market where it can be bled off by Big Business/Wall Street and the vagaries of the market, but that SS monies have been placed in the General Fund to be raided by both Congresses and Presidents instead of being kept separate and drawing interest.
 
You want to straighten it out?  Do a lil' accounting to figure out what the balance with interest less expenses would be had SS monies been separate and drawing interest and then seize the assets of all the living and deceased Presidents and Congress members and their direct inheritors and replace the SS monies they spent and interest they, in essence, stole. 

[awol]

best thing to do is take out a loan from your 401k and pay off other higher intrest debts you have.  the intrest you pay goes to yourself then, and at least that portion of your 401k will be making money.

[C91]

best thing to do is take out a loan from your 401k and pay off other higher intrest debts you have.  the intrest you pay goes to yourself then, and at least that portion of your 401k will be making money.

The highest interest I'm currently paying on any outstanding debts is 0%.

[American_Woman]

"the Bush Crime Family sees that as money wasted on old folks that could be better used to kill brown people."

 

[C91]

-11.9% as of Friday.  Thank you Mr. Bush for this strong economy.

[C91]

-15.5% at close of business Monday.

(But, the economy is strong.)

[Henry Hawk]

http://ibdeditorial.com/IBDArticles.aspx?id=306370789279709..

maybe you should take a closer look at the Clinton crime family...THEY have blood on their fingers....

[Bo D]

http://ibdeditorial.com/IBDArticles.aspx?id=306370789279709..

maybe you should take a closer look at the Clinton crime family...THEY have blood on their fingers....

The blood is EVERYWHERE, Hank! Another opinion.....

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/16/AR2008091603732.html

"A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace that proponents said would result in greater economic growth.

In 2002, McCain introduced a bill to deregulate the broadband Internet market, warning that "the potential for government interference with market forces is not limited to federal regulation." Three years earlier, McCain had joined with other Republicans to push through landmark legislation sponsored by then-Sen. Phil Gramm (Tex.), who is now an economic adviser to his campaign. The Gramm-Leach-Bliley Act aimed to make the country's financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies.

That bill allowed AIG to participate in the gold rush of a rapidly expanding global banking and investment market. But the legislation also helped pave the way for companies such as AIG and Lehman Brothers to become behemoths laden with bad loans and investments."

[Mr442]

AIG is part of American General Finanace Company.  You know who I mean, those legalized loan sharks that charge 20 -30% interest, and get away with it.   If AIG bites the dust (which they won't witht he gov. money) they F'ing deserve it.

[Henry Hawk]

AIG is part of American General Finanace Company.  You know who I mean, those legalized loan sharks that charge 20 -30% interest, and get away with it.   If AIG bites the dust (which they won't witht he gov. money) they F'ing deserve it.

[C91]

-18.2%.  I'm at the point where if I check it each morning, I know the rest of my day can only get better.

[Henry Hawk]

DOW UP 40 POINTS IN PAST MONTH... UP 18% PAST 5 YEARS... UP 44% PAST 10 YEARS...

[C91]

-35.1%.  Good thing I've got 30 years before I retire*.

*barring a lotto win.