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Re: Let's talk 401K
Well my understanding is that this point in time of OUR history the world market has never owned as much of the American stock, real estate and U.S currancey. My whole concern is why invest in your future on pure speculation. i tend to believe that the 401K was designed to hook ,line and sinker the american worker into a much grander retirement plan. we all tend to want more and that is what i think sold the whole idea.
Now if your going to invest in stocks good, bonds, gold better. but there is to much going on to just let it ride for the sake of the past history. Although i do agree with Mike's point but our economy has not been in this situation before or at least to this magnitude. one more thing i just think that it should have been privatized just like lil bush was trying to do ( if that was his plan). Godspeed. just my opinoin i'm definitly noy an expert. i do have stocks and bonds because thats what i wanted to invest in but jump on the 401K band wagon as well.
Last edited by Redshift Z : 11-20-2008 at 07:14 AM.
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