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Author Topic: DUmmies are part of the problem, but they're in denial.  (Read 697 times)

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Offline thundley4

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DUmmies are part of the problem, but they're in denial.
« on: October 31, 2011, 10:45:37 PM »
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babylonsister   (1000+ posts)             Mon Oct-31-11 11:31 PM
Original message
Am I part of the problem?
   
I was told I was. Back story is I 'earned' 1/2 of a 401K after my divorce and, on the advice of a relative, rolled it over into an IRA which a company invests long-term.
Am I? I am not a math whiz, so my options were nil in my mind. My friend informed me because I'm using the system, I'm part of the problem.
Thoughts? And thanks.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2221086

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gateley   (1000+ posts)           Mon Oct-31-11 11:35 PM
Response to Original message
1. I've never heard anything so ****ing ridiculous.
   


Nice friend.  

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babylonsister   (1000+ posts)             Mon Oct-31-11 11:40 PM
Response to Reply #1
7. Thanks. His contention is I'm using the system, so I can't
   
possibly be against OWS because it's working for me.  

And I'm dating this 'friend', who is a rethug.  !!! This relationship will end well. NOT!

He can be so logical, but I know he's wrong. We both want to see each other see the light of day.  

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proud2BlibKansan   (1000+ posts)             Mon Oct-31-11 11:39 PM
Response to Original message
5. If you are part of the problem, then so am I
   
and millions of others.

So at least you are in good company.

And that is why the OWS protests are stupid and worthless. Wallstreet is really all the people that have investment and retirement plans.
« Last Edit: October 31, 2011, 11:12:10 PM by thundley4 »
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Offline GOBUCKS

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #1 on: October 31, 2011, 10:59:26 PM »
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proud2BlibKansan   (1000+ posts)             Mon Oct-31-11 11:39 PM
Response to Original message
And that is why the OWS protests are stupid and worthless. Wallstreet is really all the people that have investment and retirement plans.

Hard to believe this is hateful Anne, proud2BDUmb, the Top DUmmy of 2010.
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Offline thundley4

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #2 on: October 31, 2011, 11:13:22 PM »
Quote from: GOBUCKS on October 31, 2011, 10:59:26 PM

Hard to believe this is hateful Anne, proud2BDUmb, the Top DUmmy of 2010.

Aw crap hateful Ann didn't say that last part. I screwed up the tags.

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And that is why the OWS protests are stupid and worthless. Wallstreet is really all the people that have investment and retirement plans.

was my comment.
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Offline LC EFA

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #3 on: November 01, 2011, 01:59:23 AM »
Yes, Dummie. You are part of the problem according to those people you would offer fawning naive support too.

Best take all that fiat currency and stash it under your mattress donate it to the poor so that you can retain your smug sense of moral superiority.

If it were up to your allies at the OWS protests you'd be handing that shit over to the government man yesterday.

Damn hypocrites.
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Offline Carl

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #4 on: November 01, 2011, 04:58:09 AM »
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babylonsister   (1000+ posts)             Mon Oct-31-11 11:40 PM
Response to Reply #1
7. Thanks. His contention is I'm using the system, so I can't
   
possibly be against OWS because it's working for me. 

And I'm dating this 'friend', who is a rethug. 
He can be so logical, but I know he's wrong. We both want to see each other see the light of day

Reality,let me introduce you to a DUmmy.
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Offline zeitgeist

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #5 on: November 01, 2011, 06:18:47 AM »
I 'earned' half?  Sounds like DUmmy babbling sister came into a bit of a windfall as an outfall of divorce.  to avoid paying taxes she reinvested it.  Yup by investing became a hypocrite.  Take the money out, pay the taxes and give the rest to me babble, you will feel better soon.  I am enclosing a stamped, self addressed envlope for your check. :rotf:

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Offline Ballygrl

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #6 on: November 01, 2011, 08:20:38 AM »
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He can be so logical, but I know he's wrong.

Seriously? :lmao:
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"The nation that couldn’t be conquered by foreign enemies has been conquered by its elected officials" odawg Free Republic in reference to the GOP Elites who are no difference than the Democrats

Offline Ballygrl

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #7 on: November 01, 2011, 08:23:06 AM »
This is a good place to post what Mosh Master posted last night:

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"The nation that couldn’t be conquered by foreign enemies has been conquered by its elected officials" odawg Free Republic in reference to the GOP Elites who are no difference than the Democrats

Offline NHSparky

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #8 on: November 01, 2011, 08:27:21 AM »
I think the person in the pic overstates their abilities just a bit, but make no mistake, they are hard-working and dedicated folks.

I don't think he realizes that we ALL are.  Will they recover?  Sure--but don't overvalue yourself, Mister Wall Street Guy.  You have a point, just don't be a dick about it.
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“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline zeitgeist

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #9 on: November 01, 2011, 08:42:38 AM »
Quote from: NHSparky on November 01, 2011, 08:27:21 AM
I think the person in the pic overstates their abilities just a bit, but make no mistake, they are hard-working and dedicated folks.

I don't think he realizes that we ALL are.  Will they recover?  Sure--but don't overvalue yourself, Mister Wall Street Guy.  You have a point, just don't be a dick about it.


I was laying in bed with a cup of coffee reading that this morning ( God, I love m/zeit's netbook for that) and it occured to me that it was a little bit of whistleing by the grave yard in that note.

By way of disclosure, I have been invested in the market since the seventies and played the futures and options markets as well.  Then too my vision might have been tainted by the fact that I am currently reading "Origins of the Crash"  by Roger Lowenstein



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https://www.getabstract.com/en/summary/finance/origins-of-the-crash/3894/

Accomplished financial journalist Roger Lowenstein weaves a captivating tale in this history of the late 1990s market boom and subsequent bust. The story reads like a thriller, complete with powerful bad guys (played here by CEOs), innocent bystanders (ordinary investors) and hapless observers (ineffective government regulators). While it does not offer specific tips on avoiding fraud or implementing change on Wall Street - indeed, the author admits that real change in that bastion of enlightened self-interest may be impossible - this book is a valuable cautionary tale. Lowenstein traces the evolution of creative accounting practices that blossomed into blatant fraud and eventual bankruptcy, finally forcing the notoriously pro-business Bush administration into pushing for corporate governance reform. Along the way, he exposes the myths of the dot-com era and deconstructs the sham of shareholder value. He makes trenchant observations about a financial culture that allowed the ultra rich to get richer, while fully half of Americans never participated in the boom or benefited from it, although everyone paid the price of the bust. getAbstract recommends this book to anyone who lost money when the bubble burst - better luck next time.


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Offline wasp69

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #10 on: November 04, 2011, 09:29:38 AM »
Quote from: Ballygrl on November 01, 2011, 08:23:06 AM
This is a good place to post what Mosh Master posted last night:



Hi 5 to both of you.
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"We make men without chests and expect of them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. We castrate and then bid the geldings to be fruitful."

C.S. Lewis

A community may possess all the necessary moral qualifications, in so high a degree, as to be capable of self-government under the most adverse circumstances; while, on the other hand, another may be so sunk in ignorance and vice, as to be incapable of forming a conception of liberty, or of living, even when most favored by circumstances, under any other than an absolute and despotic government.

John C Calhoun, "Disquisition on Government", 1840

Offline DumbAss Tanker

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Re: DUmmies are part of the problem, but they're in denial.
« Reply #11 on: November 04, 2011, 10:27:41 AM »
So, S&P index funds, and by extension all 500 S&P stocks, are good as long as they are helping a DUmmie's 401K or retirement fund, otherwise they're evil.  M'kay.

 :stoner: :stoner: :stoner:
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That here, obedient to their law, we lie.

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