Soggy in NOLA
Diamond Member
- Jul 31, 2009
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When I say your heroes, I'm not talking about the financial managers. I'm talking about the Wall Street scum that you seem to believe creates the gains in the market. In most respects, they have only two super powers. 1) They can funnel an inordinate amount of wealth in their own direction and 2) they can crash the whole enchilada out of greed.Well even I've shifted to more conservative funds and I don't really have time to worry about this stuff. I would have expected the certified financial managers at Putnam (in my case) to do that. Hopefully your heroes won't have screwed you over too badly when the time comes to cash in.x
So how's your 401k doing and what investment choices have you made lately?
Last year they grew , this quarter I don't expect them to fair as well but it is more my fault as I haven't shifted to more conservative funds. I don't need it for several years so I'm doing well. When the market crashed in 2008, I have gained all back and a lot more. I expect economic down cycles, that is the nature of the beast. I don't blame others because I make a mistake.
If you don't have time to worry, then don't bitch how you got screwed over. The financial managers aren't my heroes, I'm not sure where you came up with that stupid comment, that's why I research. I don't trust others to make me money. I need to know what I am having done with my money.
Now go back to not worrying about your future.
how would Clinton or sanders regulate wall street to prevent what you discussed above?
I wonder if he realizes the "gains" we have seen are largely due to the feds printing trillions?