tag:blogger.com,1999:blog-27697009.post4257701722732564225..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Bailout Mystery--It's the Retirement FundsJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-27697009.post-36699381502860378702008-09-29T21:06:00.000-07:002008-09-29T21:06:00.000-07:00Hi Tyrone Lisa and Catholic GirlIf we just wait sa...Hi Tyrone Lisa and Catholic Girl<BR/><BR/>If we just wait say, 2 years from now, stocks that pay dividends could be a very good buy.<BR/><BR/>Of course, they will be selling for about 90% less. So now is the time to wait. Keep your powder dry for the main event.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-79997988356722875742008-09-29T19:01:00.000-07:002008-09-29T19:01:00.000-07:00I moved my 401K out of stocks a year ago, also to ...I moved my 401K out of stocks a year ago, also to some snickers. I spoke to some older guys (50'ish) with a Mil in their accounts, and they said, "I'm in it for the long haul." I countered with, "If you know it's unlikely to rise, lock in the small gain in the stable value fund. But if it is likely to fall 10-20%, don't watch your account go down by $200K." Blank stares.<BR/><BR/>BTW, I locked in some silver today.Tyronehttps://www.blogger.com/profile/04226876002855072090noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-7266600559577993962008-09-29T18:36:00.000-07:002008-09-29T18:36:00.000-07:00let the party begin!As always, your wisdom (and hu...let the party begin!<BR/><BR/>As always, your wisdom (and humor above all) are much appreciated.Lisahttps://www.blogger.com/profile/05782219605408418387noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-30314262399613938852008-09-29T08:40:00.000-07:002008-09-29T08:40:00.000-07:00Out of the market since I started paying attention...Out of the market since I started paying attention to the blogs about 6-7 months ago-<BR/>everything in safe fund- have been tempted along the way to jump back in a little bit-<BR/>but would get cold feet and I am so GLAD I did-<BR/>sucks being so close to retirement though- this is when the $ was finally supposed to start working for me:) I am really hoping for an upturn:):) I can trust- need it-<BR/>My husband keeps saying "everyone is in the same boat" but it is not comforting...<BR/>I wanted my own boat- I have to admit I miss the bubble:)<BR/>Catholic girlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-68601441562349264542008-09-29T08:19:00.000-07:002008-09-29T08:19:00.000-07:00Hi CrashproofHere is hoping that none of us get ca...Hi Crashproof<BR/><BR/>Here is hoping that none of us get caught flat footed in this mess. Bernanke and company called for a band aid when they really needed a diaper.<BR/><BR/>Glad you like the dry humor, sometimes a reader or two will think I'm serious. Thank you for the atta boy.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-84774461277102312032008-09-29T06:50:00.000-07:002008-09-29T06:50:00.000-07:00Hi JohnI did pretty much the same thing last April...Hi John<BR/><BR/>I did pretty much the same thing last April. I must admit I had some difficulty understanding some of the selections offered.<BR/><BR/>Keep out of long term bonds. They sounds safe, and they kind of are, if you can wait 30 years. Those could take a 50% haircut if interest rates jump up.<BR/><BR/>I'll check into the SS item. I haven't read anything on it.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-72459740333203124582008-09-29T02:16:00.000-07:002008-09-29T02:16:00.000-07:00TO: John- Sag TexasThx for the heads up of what co...TO: John- Sag Texas<BR/><BR/>Thx for the heads up of what coworkers are planning. Very useful to hear the "word on the street".<BR/><BR/>Good Q on "putting" Soc Sec TO the stock market.<BR/><BR/>CrashproofedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-87257185751242870492008-09-29T02:12:00.000-07:002008-09-29T02:12:00.000-07:00Jim, Such an emotional day here. I was angrey when...Jim, Such an emotional day here. I was angrey when I learned of the near pre-vote bail-out. Then I laughed as usual with you to your clothes-line dry sense of wit. Then per usual, U awoken me to this money circle siphoning scenario That gave me a "hate government" moment yet overjoyed that I read your blog in all the great simplified format you give us!! So much Thanks!<BR/>CrashproofedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-11128284689327022802008-09-28T22:49:00.000-07:002008-09-28T22:49:00.000-07:00Several of my coworkers already have a plan for th...Several of my coworkers already have a plan for this week. When the post-bailout rally occurs, they are all going to move their entire 401K funds from stock funds (sold high) over to our Stable Value Fund (bought low?), which is cash and treasuries. I did that last winter and for months, endured their laughing sneers. My 401K reaches an alltime high daily, albeit slowly. Yes, I do realize that inflation is eating away at it.<BR/><BR/>Jim, what do you think these current events will do to the GOP's idea of putting Social Security in the stock market?<BR/><BR/>Should be a wild week!<BR/><BR/>John<BR/>Saginaw, TexasAnonymousnoreply@blogger.com