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Re: Martha Stewart is out! [message #56142 is a reply to message #56139]

Fri, 11 March 2005 13:15

Manualblock
Messages: 4973
Registered: May 2009

Illuminati (13th Degree)

Sure; anything can happen. You never really wanted to retire anyway; right?

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Remember the movie "Wall Street"? [message #56143 is a reply to message #56142]

Sat, 12 March 2005 06:13

Wayne Parham
Messages: 18789
Registered: January 2001

Illuminati (33rd Degree)

"Blue Horseshoe loves Anacott Steel"

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Re: Martha Stewart is out! [message #56144 is a reply to message #56133]

Sat, 12 March 2005 06:39

Manualblock
Messages: 4973
Registered: May 2009

Illuminati (13th Degree)

I don't see she manipulated the stock; she acted upon information a little ahead of schedule. Grey area.

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Re: Ahhh, how could you miss it [message #56145 is a reply to message #56136]

Sat, 12 March 2005 06:41

Manualblock
Messages: 4973
Registered: May 2009

Illuminati (13th Degree)

The intelligent investor? Any tips?

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Re: Ahhh, how could you miss it [message #56146 is a reply to message #56145]

Sat, 12 March 2005 06:57

Wayne Parham
Messages: 18789
Registered: January 2001

Illuminati (33rd Degree)

Just spread out your investments. That way, the only way you can lose overall is if the whole country goes down the tubes. Mutual funds, that sort of thing.

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Re: Martha Stewart is out! [message #56147 is a reply to message #56144]

Sat, 12 March 2005 07:03

Wayne Parham
Messages: 18789
Registered: January 2001

Illuminati (33rd Degree)

Yeah, that whole deal is kinda funny to me. I mean, if you have intimate knowledge about a company, it seems like it would only be natural to use that information to invest wisely. Sort of like knowing how cars work and checking under the hood when deciding what car to buy. But in the world of financial speculation, that's insider trading. You shouldn't invest blindly but if you're too clever and know too much you're a crook. The whole business seems unnatural to me.

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Re: Ahhh, how could you miss it [message #56148 is a reply to message #56146]

Sat, 12 March 2005 09:58

Manualblock
Messages: 4973
Registered: May 2009

Illuminati (13th Degree)

The average rate of return on mutual fund investments over the past 30 yrs; which would be the life work history of an average person; is approx. 5.5% annually. Inflation runs about 3%; so you get 2.5% on your money. If your average salary over the 30 yrs equals 20% over the mean average for the country; you would need to put 30% of your income every month into the mutual fund; every month w/o fail, for the entire 30 yrs. to enable you to live at your current level for 20yrs. Assuming you retire at 67 and don't get sick or anything you can expect to run out of money at age 87. Unless of course there is a run up of inflation like we had in the 80's in which case you lose.
Remmember; once Social Security goes so goes medicare. So don't get sick.
SS allows for inflation by the increasing income from salary deductions; since salary goes up during inflated times. Thats why it works so well; higher productivity = less workers for the same input.
A perfect system that maybe needs to be tweaked occasionally, but then the stock market sharks cannot get their hands on your money so they get anxious and mad.
Great Britian tried a personal account system, and now they are trying to figure out how to fix it because it doesn't work; so they are examining our SS system for some help.
I know you know this, but it is soo obvious of a money grab with no benefit to the working people that I am astounded anyone tries to sell it to reasonable people with a straight face.

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Re: Ahhh, how could you miss it [message #56149 is a reply to message #56148]

Sun, 13 March 2005 01:37

Wayne Parham
Messages: 18789
Registered: January 2001

Illuminati (33rd Degree)

I just don't know how the baby boomers can be supported by a transfer payment system from shrinking labor pool, especially as the tail end of the boomers goes into retirement age in about another quarter century. So I dunno. I'm a lot more comfortable putting some back, just in case.

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Re: Ahhh, how could you miss it [message #56150 is a reply to message #56149]

Sun, 13 March 2005 12:11

Manualblock
Messages: 4973
Registered: May 2009

Illuminati (13th Degree)

Well; thats what the productivity increase does; less people more output. The figures for this year alone are up .9%, pretty amazing considering.
Remmember when 401k's first came out? Every co. offered matching funds and it looked like a great deal, soon the matching funds disappeared from the landscape. Next people said well, it's a tax write off at least; except now for the Alternative Minimum Tax rule, which basically nullified that benefit. So this wonderfull program of personal investments now equals a low paying savings account.
What do you think will happen with the new plan? Same thing.
When big business wants something; you can bet it ain't for your benefit.

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