Fieldmouse

You joke about this stuff venator and don't care what you leave behind for your children. Our nation is 15+ trillion in debt with SS unfunded to a tune of 7 trillion and Medicare unfunded to a tune of 62 trillion. Your answer and CI's, not my problem because I'll be dead. Sachiko's response, oh well, just raise my taxes despite being presented with the facts that that won't work.

In summary, bury your head in the sand, enjoy being a leach by demanding yours just like every other welfare recipient and complain when others do the very same thing.

Fieldmouse

It's called getting back to what works. Our god given right to life, liberty and the pursuit of happiness. Socialism has never worked anywhere in the world. Our founding fathers believed we had that god given right to our liberty. You don't have a right to my liberty. You didn't earn it but stand there with your hand out none the less.

In my response to CI's post of his feelings he deserves it. I clearly pointed out, everyone receiving welfare feels they have a right to it. Yet, before he, you, the farmer, the corporation, the bum on the street receive their check, it must first be stolen from someelses.

That's not a right. A right can not be fulfilled by first denying someone else of their right. That's why healthcare isn't a right. Public schooling isn't a right and you can go down the list of so called rights.

Fieldmouse

it's another lie from a politician. Where is the money invested? Who invests the money?

Champlain Islander

My kids will be taken care of too. My best gift to them is I taught them at an early age to work hard, save and enjoy their lives. All are married with kids, working in a professional capacity, paying their fair taxes and saving for their retirement with 401K, pensions and SS. My hope is they will accumulate as much or more wealth than I did. My grandfather came over from Italy as a teenager, worked hard and died comfortable. My father worked hard and died with more. I am doing better than my father did and hopefully my kids will exceed my position. We all worked for everything we have.

Fieldmouse

Awesome actually.

Fieldmouse

So the country survives no matter how much debt we take on? Greece and Italy are just flukes? Are you all for doing away with our debt ceiling then?

Fieldmouse

Any given day. I very happy with TRowe Price managing my 401k as well as my investment choices for my IRA.

Right now I've been investing using the late Professor Graham's method. I've bought both his books and read them thoroughly.

I'm currently studying another method that uses the laws of 401ks to your advantage. The 10k foot overview can be summed up like this. 401ks are mainly invested in mutual funds. The law states they must diversify their holdings and can't hold more than 5% of anyone stock. Therefore they are forced to buy and sell even when it's not the best time to do so. This has the effect of taking stocks well beyond their intrinsic value in a rapidly short period of time.

If you would like to know more, may I suggest buying The Intelligent Investor and Stock Analysis to learn more of Graham's philosophy. The other method can be learned through a subscription to IBD.

Good luck

The Rev

My kids will be taken care of too; they are all grown and married. I've taught them to take care of themselves!
I didn't gave them a fish, I taught them to fish for themselves!

Fieldmouse

I would sit there and agree with you guys saying your kids will be ok. I would like believe my kids will be ok. However, our ever growing deficit along with no end in sight for the freebies out of Washington. Btw, not just talking the old timer crap. I'm including everything in that pot. Heck, we just passed a law saying 26 year olds are now the new legal age to be on your own. The future is pretty bleak. Especially when you add in the condition of Europe. Their problem isn't that it's so much debt but just how big our shadow is cast. Chen we aren't doing good, the rest of the world isn't doing good. Our looming debt means the world is in for a long dark period.