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No one stopped those little old ladies and men from investing in oil stocks for their retirement nest egg. 50 shares/yr. purchased x 50 years would have helped them if they had chosen to help themselves. It was a free country for people to invest and save as they chose.
newone: One does not have to "short" stocks to make a profit or create a reliable source of income.
you know I think basically you and I think alike on most issues, but this one we just do not. Of course nothing stopped the little old ladies and men from investing, but I don't think there are any crystal balls that would have clued them in. You obviously are not retired and maybe not even close, I don't know. 50 years ago only a few invested in the market, people depended on the retirement they thought they were guaranteed at say 65 if they were loyal to their companies for 30 or so years.
They took much of their spare income (if they had any) and put it in saving accounts. Even 50 years ago they were getting about 4.5 or 5%. Heck that was a lot, now look at what the market is paying. IRAs and 401 Ks did not exist. You really do have to understand some of this. Actually I am in that age group, but I was lucky enough to go to work (back to work) in my late 40s and did work for a company that offered 401Ks plus a very small, but still something retirement.
Things really have changed so much in 50 years. We do not have a lot of money, but do get by, our kids, who are now middle aged will be so much better off than we were. (well lets hope anyway)
you know I think basically you and I think alike on most issues, but this one we just do not. Of course nothing stopped the little old ladies and men from investing, but I don't think there are any crystal balls that would have clued them in. You obviously are not retired and maybe not even close, I don't know. 50 years ago only a few invested in the market, people depended on the retirement they thought they were guaranteed at say 65 if they were loyal to their companies for 30 or so years.
They took much of their spare income (if they had any) and put it in saving accounts. Even 50 years ago they were getting about 4.5 or 5%. Heck that was a lot, now look at what the market is paying. IRAs and 401 Ks did not exist. You really do have to understand some of this. Actually I am in that age group, but I was lucky enough to go to work (back to work) in my late 40s and did work for a company that offered 401Ks plus a very small, but still something retirement.
Things really have changed so much in 50 years. We do not have a lot of money, but do get by, our kids, who are now middle aged will be so much better off than we were. (well lets hope anyway)
Nita
What I understand is that we have different experiences and different understanding of what it means to save.
One can work for money and let it sit in a minimal yield savings account or one can work and put some of that savings also to work by investing. For many savings is a passive activity. For others it is active.
Yes, investing has become more commonplace today than it may have been 1929 post crash-1950 however it was not uncommon for people to invest post 1955.
Those who put their eggs all in one basket usually get hit hard by a loss eventually if they don't tend that nest egg. In some ways the people who put all their eggs in company pensions did just that.
Pensions are the next 800lb gorilla in the room that face failure at the state and local levels.
Those who put their eggs all in one basket usually get hit hard by a loss eventually if they don't tend that nest egg.
Have you heard people at work say something like, "Stick your money in the retirement fund and don't look at it."
These are the people who go broke and wonder what the hell happened to their 401K. I check my accounts DAILY!!! Sure, it can be maddening at times, but it keeps me informed of MY money. People think that taking 5 minutes out of their day or even a week will kill them.
Hey, kentuckydad95, love it!!! Be careful though. In times of economic chaos those doing well get lynched. Keep up the good work and next time give us an investment tip ahead of time. Lov'n ya in Louisville.
What a great example of an American idiot ... your retirement account versus thousands of lives lost every time energy prices soar ... including little old laddies and little old men on fixed incomes in the northern climes who can barely afford to heat and eat now.
What a disgrace.
Hey - that's the market, right? I thought we liked markets in this country. There's nothing wrong with investing with the trends and making money on other peoples' losses. Isn't that called Capitalism? I thought that's what so many people wanted.
And now suddenly when it doesn't play to your advantage you don't like it? Surely you don't want to government to step in and do anything, do you?
Hey - that's the market, right? I thought we liked markets in this country. There's nothing wrong with investing with the trends and making money on other peoples' losses. Isn't that called Capitalism? I thought that's what so many people wanted.
And now suddenly when it doesn't play to your advantage you don't like it? Surely you don't want to government to step in and do anything, do you?
And isn't "sharing" SOCIALIST?
Yeah, that's why Hugo Chavez gives so much free oil to U.S. citizens each winter.
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All selling is not "shorting".
