EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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Thanks for the input. It is interesting and some would say rather tempting. But can you say the bubble is never going to burst?You mean like a 401K? Do you know how many millions of 401K portfolios were wiped out or close to it by the 2008 recession?
If I could just jump in here to make one point. The stock market is up well over 200% since the recession. The S&P has more than tripled. Just saying.
As mentioned in my last message, I was born at the peak of the Great Depression (1936), which made my family hungry and almost homeless. So I've been subjected to adamant warnings throughout my younger life to not trust private investments. I've been imbued with the notion that the Stock Market is analogous to a Las Vegas casino. I know my U.S. Savings Bonds do not pay off as much as some private investments do, but I also know they are immune to what happened in 1929 and 2008.
Again: Retirement Dreams Disappear With 401(k)s
????? 2008 was no problem really. All you had to do was hold on which was the standard advice at the time anyway.