Tuesday, October 28, 2008

Keep your arms and legs in the ride at all times

Despite the market doing this:

My 401K is more like this:

My fund managers must have invested in the Mccain campaign.

And the end result is always the same....I puke at the end of the ride.


The Hussy Housewife said...

Great analogy! Hope you are a few years out from retiring...or how about don't make any plans.

muskrat said...

what does the "4" mean by your URL?

i'm figuring i won't use retirement funds for >30 year anyway, so no biggie.

The Nemesing One said...

Hey and Uncle Sam has a plan to bail out your 401K also - have you heard this? - They want to take your 401K and put it back to where it was before this economic crisis, put it into the Social Security slush fund and then pay a level 3% on it till you retire - then it will show up with your SS check - downside: you have no say over where the money is invested and 3% doesn't even keep up with inflation, not to mention, you'll never, ever see it again anyway.

Gary ("Old Dude") said...

Not to worry, with Obama and the liberals in control, none of us have to work anymore---he will take it from the rich people and spread it around to all us non-workers. I can't explain it myself, but HE says this will creat more jobs and be good for the country---he's "The One--" (boy do I feel dumb having worked hard all my life to get what I have)

Matt said...

housewife--Yes...many years from retirement. But it still makes me squeamish.

muskrat--It's just the "4" from the url of my blog--thefourthring. I got bored one day and made a favicon instead of the "B" blogger generic one.

TNO--I heard this yesterday on the radio. There's no way this could happen right?? I heard it was 3% plus inflation...so 4-5% per year interest.
This as opposed to 7-10% a year over the period of many years in the market.
If some old dude had all his money in stocks instead of low-risk bonds, then it is his fault the money is gone...not mine. Leave my money alone!!!
I hear the rule of thumb is to have low-risk bonds at a minimum percentage equal to your age. So if you're 55, you should have at least 55% low-risk bonds.

Gary--but if I collect WIC, I have to go to Wal-mart...and I refuse. Thus, I work.

Captain Mary said...

Love the roller-coaster, it's like life isn't it. I have no retirement, so I don't have anything to worry about. I will just die, after a long day at work. I will become a burden on my children instead. Sounds like I have a plan.

Jenn Thorson said...

I'm afraid to even look at my next financial report. I am esskerrid.

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