VIDEO ON MSN MONEY
If you have a degree in economics all this might actually be helpful, but to the financially challenged, all this advise doesn't mean a whole lot.
If you are like most people and put your retirement savings in a company sponsored 401-K and trusted the experts to invest properly, you now have no chance of retiring because you lost 40% to 50% a few years ago when we were handing out billions to the same crooks that caused the collapse.
My advise, don't trust your retirement to the stock market unless you have quite a bit of experience in trading and finance, or have a financial advisor that can watch your investment closely for you.
Who's the fool recommending GM bonds? Doesn't he remember what happened to the last suckers who owned them before the government took over?
For the short of memory, our dear leader seized GM, screwed the bondholders (i.e., the secured creditors) and gave a large chunk of the remaining assets to the UAW (i.e., unsecured beggars).
Buy Ford or foreign.
Wherever you invest, tomorrow a quarter of it might be gone. There is no truly safe place to put your money without it losing value due to inflation. That's how the system works, to keep us running on the hamster wheel.
Fire your financial adviser and do your own research. Take your time. Don't react impulsively (making any spending decision on the spur of the moment is disastrous), and don't get carried by greed, by gambling away huge sums of money in the stock market on the hope that you'll get rich without doing any work.
I lost 35% in 07/08 but went right back in the spring of 09. As such i have made ALL of my losses back with a 9-11% increase at the end of 2011. This year I'm up nearly 10% but believe there will be a correction of 5% in Q2 or Q3. Having said that I will be buying oil and natural gas mutual funds during that "sale". I'm now moving out of all bond funds other than high yield corp and emerging market funds.
I agree with fukucla, the average person doesn't know much about retirement funds but it takes little effort to see what the "experts" view collectively specific to the best large cap, mid cap, dividend and emerging market stock funds. Just as important is the fact that the investor sticks with the 6-10% witholding into the 401K so that when there are big drops they are still buying (on sale). The stock market seems to the the only place that American shoppers run away when things are on sale. If tools or women's shoes were 50% off, you can bet your azz blue collar men and women would be buying. Problem is most that have seen how good the market has been over the last three years will get in and then wonder why they get the big correction. The market numbers are pretty high folks, quit selling low and buying high!
OMG!!! What half wit believes this crap anymore. Bullet proof fund. rofl Liars and cheats everyone of these money grubbing wall street wannabes. Game over creeps. Lights out. No sane person is going to invest ANYTHING in wall street 401k crap. We won't be fooled again.
Viva Occupy Wall Street
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|