Notmuchlonger
Thinks s/he gets paid by the post
- Joined
- Dec 20, 2007
- Messages
- 4,764
Fun isn't it
I believe in humanity. That the world deep in their little old hearts want to be successful
Fun isn't it
Here we go again. The people who have pensions are deemed to be too blissfully ignorant to be able to analyze economic issues. "They got theirs."And by the way, I have very little in the way of guaranteed pensions either.
I'd like to remind anyone who doesn't have a guaranteed pension that they can purchase one anytime they wish in the form of an annuity.
If this little blip in the economy is scary enough to take jabs at people who have pensions or annuities, perhaps that's an indication that asset allocations need to be reviewed in light of a revised examination of one's volatility/risk tolerance...
Hey, I agree. And when I suggest that an annuity might be a nice addition for a low risk tolerant person like myself, then you get hammered from all the anti-annuity types. Oh well, so it goes.
Hey, I agree. And when I suggest that an annuity might be a nice addition for a low risk tolerant person like myself, then you get hammered from all the anti-annuity types. Oh well, so it goes.
Darkside of the Moonthe investment landscape of the past few weeks has become so bizarre that it needs to be recorded for posterity.
Yep. Get hammered...Now you've got the idea!
Hey, I agree. And when I suggest that an annuity might be a nice addition for a low risk tolerant person like myself, then you get hammered from all the anti-annuity types. Oh well, so it goes.
Well, I thought about it a little more.Ive never seen anyone here hammer on someone about buying an annuity. Knock yourself out if you want to pay someone a fee to dish out your own money
I don't like to bash people who have fat pensions, since doing so won't bring me one (though I think we have to rethink our ability to keep promising it to new hires, at least in the public sector), but I do agree that it's easier to be less uneasy about the future if you have one. (I highlighted "new hires" here because I want it clear that I don't support taking away pension promises from anyone already in the system.)
Now you've got the idea!
And I think I've said before it's not a matter of asset allocation. AA is about when stocks are up and bonds are down, not when stocks are down and bonds are down. We all want energy, right? So why is the energy sector down 4% in the last couple days, to the S&P's 2%? There's just weirdness in the air.
Ive never seen anyone here hammer on someone about buying an annuity. Knock yourself out if you want to pay someone a fee to dish out your own money
Hey, I was just commenting on what someone else referred to...Here we go again. The people who have pensions are deemed to be too blissfully ignorant to be able to analyze economic issues. "They got theirs."
I'd like to remind anyone who doesn't have a guaranteed pension that they can purchase one anytime they wish in the form of an annuity.
Ive never seen anyone here hammer on someone about buying an annuity.
In the 70s, bond interest and wages were rising with inflation, now they are not.1973-4 or 1966-82 or 19 Oct 87 or even 2000-02
This economic climate is so different from the past in so many good ways
proceeded to invest most of the money in financial stocks
Nor have I ever sold ANY stock, ever*, until I did sell some on Thurs. to bring my cash position up to a whopping 13%. It was a very unpleasant feeling.
Ah hah! If I'd had to sell equities after they just took a 20% haircut to refill my "cash bucket", I'd be pissed too. I might also be convinced the financial world is headed to hell in a hand basket.
Ah hah! If I'd had to sell equities after they just took a 20% haircut to refill my "cash bucket", I'd be pissed too. I might also be convinced the financial world is headed to hell in a hand basket.
... it's easier to be less uneasy about the future if you have one.
Ah hah! If I'd had to sell equities after they just took a 20% haircut to refill my "cash bucket", I'd be pissed too. I might also be convinced the financial world is headed to hell in a hand basket.
Let's hope (at least for me ) that this market get's "straight" in the next 2.5 years (the amount I have in my cash bucket).
I'd hate to start selling the "seed corn".
- Ron
Nor have I ever sold ANY stock, ever*, until I did sell some on Thurs. to bring my cash position up to a whopping 13%. It was a very unpleasant feeling.
My recent diversification into more bets against the dollar will see to that.Hopefully someone is going to start propping up the dollar soon...