Looks like Crazy Bob has his retirement funds badly misallocated

[BannedFromDU]

TheMastersNemesis (5,341 posts)

Fraudulent 401K Scheme Does Not Work. Time To Change It. (The thing to change was your exposure to equity risk, Bob, at least a year ago, you greedy ****)

401K's are a sick joke when it comes to having a retirement. (No, holding mostly equities when you're already retired is the joke) Millions of workers are trapped in the stock market for decades with their 401k's. There are almost no other places to put your money. (FALSE. See my sig line.) A lot of formerly traditional investments are gone. (False. They just didn't have the run-up you wanted.)You get no interest on savings anymore. (You get no variance, either, asshole)) A lot of municipal bonds are now risky because so many cities are shaky. (Only Dem strongholds.) Government bonds are most likely the safest.

Plus very few workers make enough to save over $1 million dollars over a life time of work. And chances are that a lot of your 401k can be knocked down by fees over 40 years and a sudden dip in the stock market. And if you try to move it or use it prematurely you are pretty much screwed. (Regrets...I've had a few...but then again, too few to mention...)

The GOP wants to make it so your only retirement IS you 401k. They really want to abolish Social Security and Medicare altogether. At best they want to privatize it and have it operate like your 401k. How many fees would be used to suck Social Security. That is because your Social Security account might be stuck in the same market.

The 401K has always been a lie. (Yet you invested anyway. What a dick.) So a 401K with $92,000 in it lost $7500 in the last couple of days. (Why didn't you reallocate to those government bond funds you tout, Bob?)

Sometimes, Bob, your life is nothing more than an example for others. You know...don't misallocate your funds when you need them. Don't lose a foot. Don't be an asshole. So on, so forth.

[jtyangel]

What fees knock a 401k down. I have never in my life been charged a fee in my 401k. And the ones tied to mutual funds are insubstantial over the life of the thing in relation for the appreciation as to be negligible. These fools never seem to get that the financial industries are some of the most highly regulated professions out there at this point. Sure some can wiggle thier way around failsafes...that's nothing new. There are frauds in retail, construction, and even thier beloved non profits. It's funny how when it comes to thier loved welfare cheats and thugs and muzzles we are not to paint a whole population by what they claim are the actions of a few, however it's a ok for them to paint the hard working people in financial industries or corporate management as bernie madoff or Ken Lay. Here's news for those dipshits, like the lotto, everyone's lost a bit of money when taking risks to emasse a nest egg. It comes with the territory. Kind of how you all take the risk of having no income for 18 months in the hope you will hit it big on the disability gravy train. It's not someone else's fault when that doesn't pan out and you've lost 18 months of income and are about to hit the streets.

[Maverick1987]

There isn't enough time to break down all the falsehoods in TMN's posts.

Generally speaking, Bob, like most things, you don't have a f***ing clue when it comes to retirement or other financial matters.  You brought this on yourself...OWN IT!

[Maverick1987]

What fees knock a 401k down. I have never in my life been charged a fee in my 401k. And the ones tied to mutual funds are insubstantial over the life of the thing in relation for the appreciation as to be negligible. These fools never seem to get that the financial industries are some of the most highly regulated professions out there at this point. Sure some can wiggle thier way around failsafes...that's nothing new. There are frauds in retail, construction, and even thier beloved non profits. It's funny how when it comes to thier loved welfare cheats and thugs and muzzles we are not to paint a whole population by what they claim are the actions of a few, however it's a ok for them to paint the hard working people in financial industries or corporate management as bernie madoff or Ken Lay. Here's news for those dipshits, like the lotto, everyone's lost a bit of money when taking risks to emasse a nest egg. It comes with the territory. Kind of how you all take the risk of having no income for 18 months in the hope you will hit it big on the disability gravy train. It's not someone else's fault when that doesn't pan out and you've lost 18 months of income and are about to hit the streets.

 

H5

[jukin]

Don't worry DUchebag. If Bernie or Hillary become president they will confiscate your 401K and give it to the inner city ferals, the illegal hispanics, or the muslim refugees because of your white privilege.

[Carl]

Crazy Bob just wants everybody else to foot the bill for his lifelong stupidity.

[USA4ME]

Don't the primitives make the argument that those who don't believe in the "good of gov't" in principle will, in turn, not ever use gov't for the good it can do? Well, let me turn that around and apply it to this situation.

Those who don't believe in capitalism won't apply it in a way that benefits them since they are opposed to it in principle.

Let's see how that sits with them.

.

[CollectivismMustDie]

Lots of stump speeches by TMND to come on DU, with alerts against anyone that does not toe the line with your wish for others to foot the bill, with the intent of the dissidents being made to hoof it away from DU, so that you can pad your delicate ego.

Wouldn't it be simpler to get a leg up on your finances, DUmmie?

Man up, and hop to it.

 

CMD

[I_B_Perky]

TheMastersNemesis (5,341 posts)

<blah, blah, blah>

Look dummie, over a 40 year period, regular investment in a diversified 401k thru the ups and down, will result in a minimum of a 7 percent annualized gain.

So I put this in my little handy dandy free Open Office interest calculator:
 
Starting investment: 1000
Yearly investment: 1200 (100 per month)
Time to invest: 40 years

This scenario is for the poor, poor, pitiful poor.

Know what you end up with dummie?
$660,675.87

When you retire if you put that in a conservative, safe investment at 3 percent, you end up with a $20,000 year paycheck without touching the principle.

Now let us do the same with a government bond with an assumed generous gain of 3 percent:

Know what you end up with dummie?
$245,668.73

Still get a $7000 yearly paycheck.

This is just for $100 a month in both scenarios.  Me?  I'll invest in the 401k and be pretty damned aggressive with it cause I can tolerate more risk than most.  You? You will buy dumb shit and not invest at all and be poor in your old age.

That is why you dummies are failures.

Any questions?

[Ralph Wiggum]

Look dummie, over a 40 year period, regular investment in a diversified 401k thru the ups and down, will result in a minimum of a 7 percent annualized gain.

So I put this in my little handy dandy free Open Office interest calculator:
 
Starting investment: 1000
Yearly investment: 1200 (100 per month)
Time to invest: 40 years

This scenario is for the poor, poor, pitiful poor.

Know what you end up with dummie?
$660,675.87

When you retire if you put that in a conservative, safe investment at 3 percent, you end up with a $20,000 year paycheck without touching the principle.

Now let us do the same with a government bond with an assumed generous gain of 3 percent:

Know what you end up with dummie?
$245,668.73

Still get a $7000 yearly paycheck.

This is just for $100 a month in both scenarios.  Me?  I'll invest in the 401k and be pretty damned aggressive with it cause I can tolerate more risk than most.  You? You will buy dumb shit and not invest at all and be poor in your old age.

That is why you dummies are failures.

Any questions?

Well posted.  Poor DUmmies, their brains can't even comprehend it.

[landofconfusion80]

401k rules (courtesy of your self appointed financial advisor, landofconfusion80)

1.never ever ever take out a 401k loan
2. Rebalance your funds once or twice annually
3.when you leave a job, take your 401k with you. Roll it into the next job or create a traditional Ira for it.
4. Invest aggressive earlier in your career and dial it back the closer you get to retirement
5.create other sources for retirement revenue to have a diverse portfolio

Play the game like a wealthy person would and you'll never be poor. Pretty much how success works everywhere in life

[SVPete]

TheMastersNemesis (5,341 posts)

1. Fraudulent 401K Scheme Does Not Work. Time To Change It.

401K's are a sick joke when it comes to having a retirement. 2. Millions of workers are trapped in the stock market for decades with their 401k's. There are almost no other places to put your money. 3. A lot of formerly traditional investments are gone. 4. You get no interest on savings anymore. 5. A lot of municipal bonds are now risky because so many cities are shaky. 6. Government bonds are most likely the safest.

1. There's no fraud to 401Ks, unless you bought cattle futures because The Chill made 1000% profit that way. There's no fraud, just a need to invest wisely and maintain actively. TMN's post suggests he did neither, plus or minus the cattle futures.

2. Does TMN realize he contradicts himself just three and four sentences later? And has TMN ever heard of real estate? Of course, that would require him to manage his properties wisely, and he would become an eeeeee-vile landlord.

3. While I'm sure a few such have been made very low profit, by government actions, but what such vehicles are truly gone?

4. So, TMN wants the "good old days" of Carter, when the inflation rate was double or triple the interest rate on bank passbook savings accounts?

5. Mismanglement by Lib/Prog governance has that effect. And there's more of those chickens yet to come to roost than will fit in mo-mo's abandoned car chicken coop!

6. This might be true in TMN's remaining lifetime, but not long-term. The Federal government isn't managed better than Detroit, it's just large enough that the crash will be longer in coming (assuming nothing changes Federal fiscal manglement for the better).

[Big Dog]

There are no magic beans, Hoppy. Risk and reward are inextricably entwined.

If you don't like it, put your money in a sock. I understand you have a spare.

[BannedFromDU]

If you don't like it, put your money in a sock. I understand you have a spare.

     

       

[I_B_Perky]

There are no magic beans, Hoppy. Risk and reward are inextricably entwined.

If you don't like it, put your money in a sock. I understand you have a spare.

 

That made me LOL Big Dog!   H5!

[Tess Anderson]

Hey now, you all are talking about on of the Jefferson County Democrats of the Year, just so you know:

http://www.wherevent.com/detail/The-Jefferson-County-Annual-Italian-Feast

enjoy your meal next week, one-foot

[SVPete]

Hey now, you all are talking about on of the Jefferson County Democrats of the Year, just so you know:

http://www.wherevent.com/detail/The-Jefferson-County-Annual-Italian-Feast

enjoy your meal next week, one-foot

Perchance (speaking seriously) is TMN having but one foot due to diabetes? If so, a meal heavy in pasta might not exactly be a good thing for him. I see he's about 15 miles west of Denver, and about halfway in between is Arvada, which has a Youth With A Mission base that had a rather sad event a little over 7 years ago.

[franksolich]

Hey now, you all are talking about on of the Jefferson County Democrats of the Year, just so you know:

http://www.wherevent.com/detail/The-Jefferson-County-Annual-Italian-Feast

enjoy your meal next week, one-foot

[Big Dog]

Silent auction?

I thought the cat got his foot, not his tongue.