You think it's safer to put your money in a 401k? Tell that to the people who were retiring around 2008. One of my coworkers saw his 401k cut in half. Before then, he was trying to convince me to put more in mine. I couldn't afford it cause I didn't have the disposable income. He bought his house before the prices skyrocketed since the 2…
You think it's safer to put your money in a 401k? Tell that to the people who were retiring around 2008. One of my coworkers saw his 401k cut in half. Before then, he was trying to convince me to put more in mine. I couldn't afford it cause I didn't have the disposable income. He bought his house before the prices skyrocketed since the 2000s...
Where did his 401k money go when he lost?
In the casino called Wall Street, the house always wins. The house is the big firms that can sway markets just by volume.
As much as social security sucks (compared to the systems in Europe), it's miles ahead of gambling and you'll appreciate it if you ever face a manufactured market crash where the crony bankers rob you.
You think it's safer to put your money in a 401k? Tell that to the people who were retiring around 2008. One of my coworkers saw his 401k cut in half. Before then, he was trying to convince me to put more in mine. I couldn't afford it cause I didn't have the disposable income. He bought his house before the prices skyrocketed since the 2000s...
Where did his 401k money go when he lost?
In the casino called Wall Street, the house always wins. The house is the big firms that can sway markets just by volume.
As much as social security sucks (compared to the systems in Europe), it's miles ahead of gambling and you'll appreciate it if you ever face a manufactured market crash where the crony bankers rob you.
Don't even get me started about 401ks and the Wall Street Casino. I've preached on this before.
Oh, and anybody who disputes this, take a Statistics course.