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Reply #5: you could have used your 401k money for cash and bond funds... no "banksters" involved. [View All]

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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-16-11 12:16 PM
Response to Original message
5. you could have used your 401k money for cash and bond funds... no "banksters" involved.
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  -Not one fucking penny Horse with no Name  May-16-11 12:05 PM   #0 
  - we're looking into moving the 401k to a credit union  Donnachaidh   May-16-11 12:07 PM   #1 
  - If your company matches your contributions, you are shooting yourself in the foot. n/t  FSogol   May-16-11 12:09 PM   #2 
  - Deleted sub-thread  Name removed   May-16-11 12:11 PM   #3 
  - During the Wall Street fiasco,  RebelOne   May-16-11 12:12 PM   #4 
  - The high point of a security price is not "your money" to lose  Recursion   May-16-11 12:25 PM   #9 
  - You are losing money by being in cash  taught_me_patience   May-16-11 12:34 PM   #12 
     - Well, I am retired now, I am also collecting social security  RebelOne   May-16-11 02:58 PM   #20 
  - you could have used your 401k money for cash and bond funds... no "banksters" involved.  dionysus   May-16-11 12:16 PM   #5 
  - Very true--please reconsider  eridani   May-16-11 01:29 PM   #16 
  - Yep. Never again for me either.  marmar   May-16-11 12:18 PM   #6 
  - I think you are making a poor financial choice, but I support your right to do so  slackmaster   May-16-11 12:19 PM   #7 
  - Its your money to throw away  NeedleCast   May-16-11 12:20 PM   #8 
  - Can I give you a name?  snooper2   May-16-11 12:26 PM   #10 
  - You are making your decisions based on msnBS pundit talking points. Bad idea. Contribute ..  Shagbark Hickory   May-16-11 12:26 PM   #11 
  - Except that when I lost my money, I kept being told  Horse with no Name   May-16-11 12:34 PM   #13 
     - I don't know who told you that but it sounds like a misunderstanding.  Shagbark Hickory   May-16-11 12:52 PM   #14 
     - I think the point is the *gains* aren't "your money" until you cash out  Recursion   May-16-11 01:04 PM   #15 
  - I'm sorry but that is just plain daft...especially if the company matches your contribution...  truebrit71   May-16-11 01:49 PM   #17 
  - I'm not fucking Penny, either.  dawg   May-16-11 02:04 PM   #18 
  - Roth IRA  AngryAmish   May-16-11 02:07 PM   #19 

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