Obama Care

[Slingin Sammy 33]

Originally Posted by firstdown

The difference is that your portfolio is in the shitter because the investments are down (they will come back) but your money was put into the funds. With SS the money has been diverted to other things beside SS thus the goverment took my money for one thing but spent it on something else. Thus they stole my money.

Your point about SS being stolen is right, but part of saden's point is also correct. The difference in our portfolio's is partially because the funds/economy are down, but also keep in mind the guys running our 401Ks and the mutual funds they invest in are often colluding together in a major way. Put the 401K money in this fund to help me get my bonus, then I'll skim you a percentage here, percentage there, bonus $$$ off the top of contributions, plus the fact that we don't have direct control of our 401Ks to move money out quickly when there is a drastic market turn. By the time we can react, it's too late.

I'm done allowing others control over my $$$. I'm putting the minimum required in my 401K (my corp match isn't very good). Once the economy turns a bit, my savings will be going into a self-directed IRA, or similar vehicle that I can control as necessary, or into expanding my business.