They still have an almost limitless credit card though
Right Carl, as a child I spent all my allowance to buy a brand new wallet then found I had no money left to put in it. I put in it pictures of friends and family school ID.
After a few weeks I had from my allowance a few folding bills and change. I was so happy with my wallet that I often took it out to show off my pictures and the few bills inside.
A few weeks later the wallet was stolen by this bully of a girl a few grades up from me.
She with a smirk would then pull it out of her pocket to show me what she had done.
I had a heck of a time getting my Mother involved as she didn't want to make enemy's of the neighbors. She was a woozy.
I had a few friends that were willing to stick up for me, so we all went to the principals office as the wallet had been stolen on school property.
My friends all agreed this was my wallet and the bully just stood there and said Prove it.
The Principal had no choice, I could not even with witnesses prove that wallet was mine, gone were my family photos and my allowance.
I was told by the principal that in the future I should place my initials in a hidden area, she believed me but there was no Proof.
In today's world, we neglect to take precautions to protect our valuables. We do not buy a bigscreen TV and write down the serial number, nor do we keep the serial numbers on our cars or trucks at hand.
Anyone know what the serial number is on the back of your $1,500 range or refrigerator?
Now when one invests their money into a bank , savings plan, or retirement fund, there are no set in stone laws you will get back one damn cent. No way to yell thief when any of this is stolen.
I could have gotten my empty wallet back, but it was not the wallet I wanted but what was in it, important to me, a throw away for a thief.
It is the time and sacrifice one makes in life to go without for future good to ones self. It is the hard labor and dreams of the future that lead us to those that will with a smile tell us to prove all your work was for nothing.
I may not be making myself not so clear here but you know Carl I have taken steps to insure no bully gets my stuff again.
I have taken the Asian point of view from my coworkers. I have taken the tax hit to remove what is left in my 401k and drawn it ALL out. This I will invest in Government Bonds of all kinds. no more fiddling about with anything that can rob me blind.
Once the 401k came into being Company's no longer have a Government Bond saving plan,
one must go with the company's plan and if one wants to buy savings bonds that are %100
safe they have to do it on their own.
Never again will I do as a little girl buy a wallet that is empty of money just full of family love to be stolen by a Bully.
The only one at this or any time in investing is to trust is the Government. When Company's begin to match government payroll deductions against these fly by night private company's that tell you up front you may loose all, then will I feel safe from Bully's
Oh don't we love it one year we make a bundle in our 401k next year we loose more then if we had banked it for interest little as it is..
The stock market is not for us hourly wage earners, that is a game for the wealthy. Banks pay little interest so what does a normal wage earner do to insure they get back their wallet intact---Government bonds.
Yes I know this is convoluted and confusing, but isn't all life based on lessons from the past.?
I have been yelled at for taking the tax hit and investing in my country. Family and all the experts tell me I am a fool. Time will tell, if I did the right thing, this is like burying money in Mason jars in the garden, I am just a small time earner not a hot shot that invests thousands each and every day. The investor's that loose can afford this, have a built in method to recoup their money.
If one wants to invest in anything make it their Government, Screw the sharks out to eat you alive, they will take your wallet with just a few dollars and family dreams and trash all that before they smirk as they show you what they have done.
Sorry this is not one of my better days, age and health problem keep me from running the streets naked with my butt painted rea white and blue.
However if things get worse, tune into Fox, I may get a 15 second moment of fame.
