U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > Long Island
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
 
Old 08-09-2011, 03:50 PM
 
7,338 posts, read 7,853,131 times
Reputation: 2903

Advertisements

Quote:
Originally Posted by woody516 View Post
Do you think George W. Bush is STILL thinking we should have privatized our social security money by letting American citizens put their share in the market? ROFLMAO


That would have made their Wall St. "base" even more wildly rich. I don't think George and his GOP cronies ever thought that was actually good for the country. You see, to these guys, what's good for the top 1% is what's "good". Everybody else can fend for themselves.
Quick reply to this message

 
Old 08-09-2011, 03:59 PM
 
3,686 posts, read 4,530,509 times
Reputation: 1683
Quote:
Originally Posted by woody516 View Post
Do you think George W. Bush is STILL thinking we should have privatized our social security money by letting American citizens put their share in the market? ROFLMAO
No I would rather the govt squander all the money I have paid in Soc Security Tax..and give me a pittance when I retire.

Even the average wage earner could get SIGNIFICANTLY more in retirement if they simply were forced to invest the money equivalent in FICA with either FDIC insured savings or in Treasuries.

But no...the libs think that will make the Boogie Man on Wall Street rich.

Such socialist fools on here.
Quick reply to this message
 
Old 08-09-2011, 04:06 PM
 
639 posts, read 580,062 times
Reputation: 506
Quote:
Originally Posted by Gpsma View Post
No I would rather the govt squander all the money I have paid in Soc Security Tax..and give me a pittance when I retire.

Even the average wage earner could get SIGNIFICANTLY more in retirement if they simply were forced to invest the money equivalent in FICA with either FDIC insured savings or in Treasuries.

But no...the libs think that will make the Boogie Man on Wall Street rich.

Such socialist fools on here.
Oh, no, did you say socialism? RUNNNNNNN!!!!!!

I's sooooo scared!!!!
Quick reply to this message
 
Old 08-09-2011, 04:27 PM
Status: "I LOOOVE COLORS" (set 9 days ago)
 
30,217 posts, read 27,306,554 times
Reputation: 17589
most americans shouldnt be allowed to do anything related to investments on their own. they know nothing about planning or handling their money.

they know more about their cars and refrigerator than they do anything financial.

they think throwing all their money into stock funds is a plan.

sorry but hoping they go up isnt a strategy.

a good asset allocation plan includes assets that do well in any scenerio . it includes rebalancing that forces you to buy when the inexperienced are bailing at a loss . it provides capital for the major things you want to buy or a retirement income without ever having to sell stocks when they are down.

those that have been doing the right thing for 15 years or longer with a good plan always made money, lots of money.

of course there is always those that do the wrong thing .they speculate in individual issues and call it investing ,they have no strategy and they have no tolerance for risk. they try to time things and think they know whats coming next.

then they lose money and blame everyone and everything but themselves. everything is a scheme and everyone a crook .

Last edited by mathjak107; 08-09-2011 at 04:42 PM..
Quick reply to this message
 
Old 08-09-2011, 04:38 PM
 
8,681 posts, read 7,797,116 times
Reputation: 14954
Quote:
Originally Posted by dman72 View Post
The tea party turned the non-issue of raising the debt ceiling into a huge political circus.

Part of why S&P downgraded is because of the debt, but their spokespeople also said that they fear gridlock in Washington due to the polarization of the 2 sides is their biggest fear because there is no potential for any policy to be enacted.

The tea party "no tax increases ever" idealogues make up half of the Republicans in Congress, and the Republicans control one house. That one faction turned the debt ceiling into the fiasco that we had over the last few weeks. The Bush tax cuts should have been repealed (I'd be paying more too) months ago but the Republicans said they would filibuster when Obama suggested it, so he caved.


You should all be happy to know that we created a crisis over 2% increase on taxable income over 250K. This is what happens when you elect hard core idealogues to public office.

Keep listening to Glenn Beck Americans.....his gold scheme is going to make him a very rich man while your country collapses.
The report mentions [URL="http://i.usatoday.net/money/_pdfs/11-0805-us-debt-rating.pdf"]contention[/URL], but does not take sides.

Quote:
We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.
This was basically a way of calling the U.S. Congress a bunch of belligerent babies who are more concerned with partisanship than their nation's well-being. Quite frankly, all 535 Members of both Houses should be mortified at this, and every U.S. citizen of voting age should be livid at their legislature's petty politicking. Voters should be preparing to throw every single one of those useless windbags out of office in favor of moderate, common-sense candidates from a rational, centrist third party that springs from the middle class.

At any rate, it will remain a contentious and fitful process as long as the American citizenry continues to allow its Congress to be ruled by money. It's time we called for the destruction of PACs, both left and right, and it's time we get rid of the absolutely ridiculous notion that a corporation is an individual that should be allowed to make a political contribution, which only sets the stage for phantom-corporation [URL="http://news.yahoo.com/blogs/ticket/mysterious-company-dissolves-giving-1-million-pro-romney-142445497.html"]shenanigans[/URL].

Americans let the government do this. We have no one to blame but ourselves.
Quick reply to this message
 
Old 08-09-2011, 04:49 PM
Status: "I LOOOVE COLORS" (set 9 days ago)
 
30,217 posts, read 27,306,554 times
Reputation: 17589
i dont really want to take the discussion off into politics as we really shouldnt even be discussing the markets here. but i felt it was important enough to chime in with my thoughts as a long time investor.

i just want to leave you this to think about.

if you were the worst market timer in the world and bought gold in the 1980's just as it hit the peak think about this.
if you just had a plan that included rebalancing every year that gold with your other assets that today that gold you bought would have returned an average annual return of 9.9% cagr.

if you bought the s&p 500 on that very same day and did the same rebalancing the s&p 500 would be up 9.2%..

gold beat the s&p and not only that you bought it at the worst possible moment.

again its not about the markets and what you buy as much as it is the overall strategy and plan for utilizing what it is you buy..

Last edited by mathjak107; 08-09-2011 at 05:17 PM..
Quick reply to this message
 
Old 08-09-2011, 08:13 PM
 
924 posts, read 1,146,525 times
Reputation: 525
Quote:
Originally Posted by mathjak107 View Post
i dont really want to take the discussion off into politics as we really shouldnt even be discussing the markets here. but i felt it was important enough to chime in with my thoughts as a long time investor.

i just want to leave you this to think about.

if you were the worst market timer in the world and bought gold in the 1980's just as it hit the peak think about this.
if you just had a plan that included rebalancing every year that gold with your other assets that today that gold you bought would have returned an average annual return of 9.9% cagr.

if you bought the s&p 500 on that very same day and did the same rebalancing the s&p 500 would be up 9.2%..

gold beat the s&p and not only that you bought it at the worst possible moment.

again its not about the markets and what you buy as much as it is the overall strategy and plan for utilizing what it is you buy..
Gold's high was in 1980 at $850 an oz and if you account for inflation that works out to be approximately $2,100. What's it at now? $1750? Yeah, sounds like a hell of a good deal. What you should have bought was some of those nice 30 year non-callable treasury notes in the mid 80's paying 14%.

The model that you built doesn't really hold up. You don't set parameters for the rebalancing, make no mention of the "other assets," and your taking advantage of the strong recent volatility in both asset classes that just happens to favor your argument.
Quick reply to this message
 
Old 08-09-2011, 08:23 PM
 
Location: Long Island
8,941 posts, read 3,038,839 times
Reputation: 1690
Quote:
Originally Posted by mathjak107 View Post
i dont really want to take the discussion off into politics as we really shouldnt even be discussing the markets here. but i felt it was important enough to chime in with my thoughts as a long time investor.

i just want to leave you this to think about.

if you were the worst market timer in the world and bought gold in the 1980's just as it hit the peak think about this.
if you just had a plan that included rebalancing every year that gold with your other assets that today that gold you bought would have returned an average annual return of 9.9% cagr.

if you bought the s&p 500 on that very same day and did the same rebalancing the s&p 500 would be up 9.2%..

gold beat the s&p and not only that you bought it at the worst possible moment.

again its not about the markets and what you buy as much as it is the overall strategy and plan for utilizing what it is you buy..
You can pick any window you want to make your case, gold has more than tripled in the last 5 years, so what. You can pick a reference point for stocks, silver, corn or oil, anything you want, you cannot predict the future, if you could you wouldn't be posting on here about strategy. Almost none of the experts predicted 2009 or this past week. You want to impress me tell me where the market will be a year from now.

By the way this sell off was led by Std & Poors the same company that certified all those mortgage instruments as Triple A back in 2008 that turned out to be junk, still I think this was a wake up call and got the attention of the president and congress, hopefully some reform will come from this event.
Quick reply to this message
 
Old 08-10-2011, 12:41 AM
 
Location: Long Island, New York
16,278 posts, read 5,915,092 times
Reputation: 3639
Quote:
Originally Posted by woody516 View Post
Do you think George W. Bush is STILL thinking we should have privatized our social security money by letting American citizens put their share in the market? ROFLMAO
let's see

I would have a better return, even with the rollercoaster market
I would have control of MY money, not some dc schister
it would be MY investment and MY personal responsibility to save...not the taxpayers


but liberals dont want americans to have the FREEDOM of personal responsibility
Quick reply to this message
 
Old 08-10-2011, 12:49 AM
 
8,681 posts, read 7,797,116 times
Reputation: 14954
Quote:
Originally Posted by workingclasshero View Post
but liberals dont want americans to have the FREEDOM of personal responsibility
^^^This is exactly the kind of nonsensical ideological caterwauling that produced the deadlock in the first place.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > Long Island
Similar Threads
View detailed profiles of:

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top