WSJ says Big D might be right!!!!!

cascadedad · 01-12-2009, 10:09 AM

http://articles.moneycentral.msn.com/RetirementandWills/InvestForRetirement/meltdown-calls-401-k-s-into-question.aspx

What say ye?

Personally, I think most of the comments/points made in this article are an absolutejoke. Everything is fantastic when everything is going well. When things get tough,have to find something to blame. Gotta run for now, but I'll comment more later.

DougMD · 01-12-2009, 10:20 AM

I have NO sympathy for someone two years from retiring who has his entire retirement savings in STOCK. Everyone is told to shift to a higher weighting in fixed income securities as they near retirement, making those who don't fools that are gambling to reap abnormal profits. We don't hear such whining when the market GAINS 25% in a year, making those in stocks at that point just prior to retirement lucky gamblers. NO ONE WAY STREETS! LET'S BRING BACK PERSONAL RESPONSIBILITY AND STOP SPENDINGOUR KIDS' FUTURE BAILING OUT PEOPLE MAKING STUPID DECISIONS! IF YOU SCREW UP AND LOSE MOST OF YOUR RETIREMENT, THE PENALTY SHOULD BE RETIRING LATER WHEN YOU CAN AFFORD TO. IT'S THAT SIMPLE!!!!

heinz57 · 01-12-2009, 10:28 AM

greed ,greedy people's downfall

stealthycat II · 01-12-2009, 11:57 AM

impossible ..... VC says so

C. Davis · 01-12-2009, 12:19 PM

You gotta love the 32 year old at the end of that articlewho started last year with$220,000 in his 401k, and after supposedly losing $90,000 (40%

) has lost faith in the 401k, and now fears he won't be able to retire early. I would like to know where else he could have amassed $220,000 at age 32. Losing40% tells me he had to be prettyaggressive in hisinvestment directions,which is alrightforage 32..... that is of course he was planning to retire at 40.

If what he say's is true, he has a whole bunch of shares in his funds that are about to explode just as soon as things turn around. It might takea fewyears or so, but if he can put off retirement

for a little while, he should come out smelling good. Heck, at 32 he probably has time to see 2,3 or 4 more downturns in the market.

C. Davis

cascadedad · 01-12-2009, 03:00 PM

Quote:

ORIGINAL: stealthycat II

impossible ..... VC says so

I haven't seen vc around in a while. I think he got tired of having to dumb everything down for us simpletons. I'm pretty sure with all the good writing and brilliant ideas he shared here, he landed that WSJ job.

thndrchiken · 01-12-2009, 03:41 PM

First off I'd be really hesitant about believing anything that came off of MSNBC

thndrchiken · 01-12-2009, 03:42 PM

Quote:

ORIGINAL: thndrchiken

First off I'd be really hesitant about believing anything that came off of MSNBC which is where the majority of MSN's news content originates.

thndrchiken · 01-12-2009, 03:43 PM

Sorry, hit the quote instead of edit.

cascadedad · 01-12-2009, 03:46 PM

Quote:

ORIGINAL: thndrchiken

First off I'd be really hesitant about believing anything that came off of MSNBC

The same thing.

http://online.wsj.com/article/SB123137714796462913.html