Re: In Keeping with my Scared money Policy

Quiet, "MoParMaN" <scott.hendryx.clothes@xxxxxxxxxxxxx> -- I'm
transmitting rage.


<rastafarians2002@xxxxxxxxx> wrote in message
news:bc7a8f0d-6eb9-47dc-99ac-67f0fc873aa9@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On Sep 29, 8:48 pm, "MoParMaN" <scott.hendryx.clot...@xxxxxxxxxxxxx>
wrote:
I pulled everything out of my 401 accounts and put it cash. Still in
the 401, but it's just sitting there doing nothing. I only lost enough
today to
defer my retirement by about 10 years....Mother Fuckers.

You do realize that the biggest drops in the stock market are often
followed by large increases on the following day? Not saying it will
happen tomorrow, but it wouldn't be surprising -- there are some
bargains out there for anyone with any money left.

I don't actually control which stocks are bought, just the plans they
are in. Even if the market goes up, it prolly takes a week for my
changes to go into effect.


The Thrift Savings Plan, which I still have all my retirement money in, and
which is run by the Federal goverment as part of their three-prong
retirement system -- Social Security, TSP and small pension -- moves your
money within a day. I can jump my funds between any of eight plans (T-
bills, bonds, a fund indexed to the S&P 500, and several other plans) any
time I want.

Back in March I moved everything from the S&P indexed fund into bonds, and
I've stayed even since then. If I thought the market was as low as it was
going, I could move my funds back into the stocks and pick up more shares
than I had when I left. I'm not much of a gambler, so I'll wait a bit.

This is the type of plan that W had in mind to partially "privatize" Social
Security. Those of us who are in it (I can't deposit into it any more
since I'm not a federal employee, but I can still manage what I've got
there) shook our heads sadly when the idea got shot out of the water. I
think a lot of people would have been really interested in the idea, but
for some reason it never got publicized.

If anyone is interested, you can check out the fund prices and rates of
return over the past 20-some years (it went into effect around 1987 or so)
at www.tsp.gov.

--
------------------------------------------------------------------------
James Schrumpf http://www.hilltopper.net

Let there be no doubt tonight -- no doubt!
That they shouldn't have played the Old Gold and Blue.
Not tonight!
.