Wayne Stayskal by Wayne Stayskal

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  1. longtimecomicsfan

    longtimecomicsfan said, about 1 year ago

    It’s so much more dramatic to talk about a 15% increase than to talk about the tax rate increasing .53%, which is the actual number. (15% of 3.56% = .53%)

    Why isn’t anybody talking about the 40% of my 401K that just vaporized?

  2. vicariousviper

    vicariousviper said, about 1 year ago

    what about your 401k? I haven’t checked on mine in some time. did you lose it in the stock market or was it annexed in to social security like the house Dem’s are talking about doing

  3. longtimecomicsfan

    longtimecomicsfan said, about 1 year ago

    If you haven’t checked your 401K, you probably don’t want to look right now.

    Anybody who has common stocks, mutual funds, company stock plan, or even index funds should not think that their retirement fund came through the market meltdown unscathed.

    Why is exactly that you are worried about a non-existent Social Security annexation? Was your 401K invested entirely in gov’t bonds?

  4. vicariousviper

    vicariousviper said, about 1 year ago

    here is the link to site

    http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081012/REG/310139971

    my 401k is split up over European market and the Asian market and NASDAQ. i don’t have much faith in the Dow, but now i wish i had gone with precious metals because i cant rearrange anything but once a year

  5. longtimecomicsfan

    longtimecomicsfan said, about 1 year ago

    Again, a non-existent plan - there are a lot of questionable blogs yelling about it, but CNBC, a slightly more credible source, calls it differently: http://www.cnbc.com/id/27558644

    The economist who floated the plan doubts that it will be adopted. (The plan is referred to as “radical”)

    But better to get you focused on that than on the $2 trillion (out of $4.3 trillion) that American workers have lost in 401k’s in the last 15 months…

    I’m glad you believe that Europe, Asia and the NASDAQ will do better than the U.S. economy in general, but a global economic downturn will lower ALL ships. Just a tip: you will always get skewed answers when you mix political ideology with economics…

  6. vicariousviper

    vicariousviper said, about 1 year ago

    thanks for the tip. maybe i’ll sink it all into orange juice, it worked in Trading Places.

  7. ralphman

    ralphman said, about 1 year ago

    I might have to do this but not too many folks in my tiny town are any better off than I am.