- $1,000 from my 401k
Posted in the Vandalia Forum
#1 Nov 9, 2012
Minus $1,000 from my 401k, so far, since Barack Hussein Obama election day.
#8 Nov 11, 2012
quit playing wall street
#9 Nov 11, 2012
Wonderful advice Harvey. Just quit "playing wall street".
Do you know what a 401K is? It's a pension for non-union members.
When the market doesn't like what is happening and there is a sell off, everyone loses.
Union pension funds are invested in the market too.
The market doesn't like Obama's re-election because they know O is an economic illerate who will harm everyone, ergo, the sell off and the crash. A big one day loss. Millions of middle class people with 401Ks and IRAs lost plenty of money.
Your lack of compassion is disgusting.
#10 Nov 11, 2012
The 401k was supposed to suppliment or replace Social Security [aka Ponzi Scheme Dream] and pensions, most of which have been ended. Without fear, we could trust Wall Street and the government for 20 or thirty years, after we worked and saved and behaved. No trouble, while there was that bullshit Clinton economy based on the dot.com bubble, followed by the housing one. And, listen to the baby-boomer bitchin' when they pout and shout, after they have pay the federal government twenty percent when they finally cash out, taken from the principal that is left, after Wall Street and government inflation theft. It ain't funny; if you are making less than five percent interest/profit, you are losing money. Sorry for the reality sting, it is a Romney type thing.
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