Retirement savings ....Yikes !

[kenmac]

If I were as good as these guys claim to be, I'd be doing a bit of investing each day and enjoying early retirement, working in the yard/garden, playing with my son, etc.

Keith

Go for it.Who knows? you might be good at it.I know I wouldn't. Of course everyone can't be a doctor, lawyer, etc,

 

[TomSeller]

What about corporate raiders that made off with the retirement savings of many? There never has been an uprising demanding a mutiny.

 

[murphy1244]

What about corporate raiders that made off with the retirement savings of many? There never has been an uprising demanding a mutiny.

Don't swim with sharks, you get ate.

 

[TomSeller]

So first when received a check 10% to church as tithe

People should stop giving to churches that can't manage it and aren't accountable. Look at all the corruption that is funded by contributions like this. I say give to responsible charities directly and be involved with the outcome

 

[TomSeller]

Don't swim with sharks, you get ate.

So defend the sharks when innocent people that never wanted to study investments but just wanted to set a little aside every month lost their savings?

That is not right. I managed to do nicely in my career, but I know many that worked in nursing homes, cut hair, etc for a living and invested the best they could. Then corp America corruption cuts their savings in half and no white haired guys do the perp walk and go off to jail? This is one of the things wrong with the direction of the country now. People don't care about the ones that have tried to help themselves and get taken advantage of. There was a reason for the French revolution, you know.

 

[murphy1244]

So defend the sharks when innocent people that never wanted to study investments but just wanted to set a little aside every month lost their savings?

That is not right. I managed to do nicely in my career, but I know many that worked in nursing homes, cut hair, etc for a living and invested the best they could. Then corp America corruption cuts their savings in half and no white haired guys do the perp walk and go off to jail? This is one of the things wrong with the direction of the country now. People don't care about the ones that have tried to help themselves and get taken advantage of. There was a reason for the French revolution, you know.

I agree with you but the poorer people don't have the whereall to make the rules.

 

[murphy1244]

I agree with you but the poorer people don't have the whereall to make the rules.

A company called KK&R makes billions from other company's problems.

 

[Travelover]

I agree with you but the poorer people don't have the whereall to make the rules.

Right it is the Golden Rule. Those with the gold get to rule.

 

[farmgirl19]

At one time, most men were honest and gave their word, only when they meant it. Under those circumstances, capitalism was a great thing. I have no idea what would be better, but folks in high places are no longer honest.

Time was, if a banker could not meet the obigations of his depositers, he was likely to jump from a building or bridge.

Now, if they can cheat, lie and walk away with more money, they laugh.

I still wish they would jump!

 

[KTurner]

Every company exists to make money off someone else's "problems". I have a problem in that I don't want to walk every I need to go. Many companies exist to fix that problem for me - bicycle manufacturers, car manufacturers, taxi service, etc. And they all exist to make a profit for their owners, whether its the one guy sitting in the big office at company HQ or the 29 million people who have invested in the mutual fund that owns shares of that companies stock.

If someone can buy an item for cheap, then do something to make it worth more money and resell it (as a whole or in pieces), how is that evil? Chances are, the original owner wasn't interested in taking the time or didn't have the resources or expertise to do it, so that's why they sold out. Does it matter if that item is a run down car or a run down company? If the company was bought for pennies on the dollar, it was a bad investment *before* it was bought out.

Keith