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First, the defined benefit program was taken away from most Americans and we were told is now up to us to save for our retirement. So, for the people, that did work and did save they are going to be penalized! This is a huge mistake by this administration!
Where is this administrations priorities? No wonder a r...more
In the 80's when corporate America got rid of the defined benefit retirement plan and replaced it with the 401k was the true start of the up and coming retirement crisis. The financial service industry was able to make this sell ( also by spending millions in advertising ) to the America public with the implied promis...more
I can't help thinking back to my WWII generation grandparents and the lessons now lost. They lived in small homes, rarely ate out, never bought the latest gadgets, had one used vehicle and saved their money. If you left a light on over their house in a room you walked out of expect a tongue lashing on waste. Is it ch...more
The complete mismanagement of SS by the federal government is proof that our politicians cannot be trusted to manage our money. It is impossible for politicians or government bureaucrats not to spend every dime we give to them. SS should be moved off the "unified budget" and once again be a stand alone program separ...more
Ironic isn't it? A Senator writing a complaint letter and expecting a response? Every time I have written my representatives I have either received no response or a computer generated letter thanking me ( yeah right! ) for writing them so basically a blow off. Since this a MOVIE and only an idiot would believe EVERYT...more
The sell off of Apple has nothing to do with fundamentals but with programmed trading by institutional investors. Once again, the average investor is being burned especially if they don't know how to put stop-loss orders in on their high flying stocks.
Isn't it interesting how the media is still promoting stocks? The US economy isn't "out of the woods" and not by a long shot! Wait until interest rates rise and that's where the next panic will begin. Once bond funds collapse we should see huge distortions along all markets and my bet is once again the small investo...more