A $1000 Financial Class For Free
I’m sending all my money to you federal express (Fed-X) so there will be no record for your X-wife to get her greedy little hands on, geez she reminds me of Jimmy Buffett’s X-wife and all the money she needs too. Or Johnny Carson’s X-wifes and all the money they need. Let’s face it, x-wifes just need an awful lot of money.
Wouldn’t the stock market go up faster if younger Americans were chasing stocks in their tax free PSAs? I mean the whole demand vs supply thing. Then those foreign countries switch to be like us and all those other countries citizens are invested in the American stock market too, in their PSAs, because of the security the USA offers, making the stocks go up even more.
Have you ever heard that the USA is the economic engine of the world?
Posted by Z Woof
01/20/2005 at 09:03 AM
Vilmar, a young worker could also invest in some of the no-load market index funds which try to model all of the investment instruments (or a good number of them at least), and not just in the U.S. market. The more diversification, the less likely you will take a major hit in your capital if some aspect of the world market tanks. Then, in or near retirement, one could look to TIPs (U.S. Treasury instruments which pay a real rate of return of 3% over inflation) to provide more security and liquidity.
I recommend a great book “A Random Walk Down Wall Street” by Burton Malkiel if people want to know more about personal investing. Malkiel basically says, don’t try to beat the market, BE the market.
BTW, I’m laying odds of 3-1 that Turbino will be back to cherry pick selected points/spelling/math/sources in 3...2...1.....NOW
Posted by Annoying_Mike
01/20/2005 at 11:30 AM
Re: The Great Debate
right here on Social Security.
How is arguing on blogs like competing in the Special Olympics?ANSWER: EVEN IF YOU WIN YOU’RE STILL A RETARD.
Posted by Oink
01/20/2005 at 12:43 PM
Sure you are right in your opinion oink.
Nobody ever learned anything on a blog, sure.
And retard is your name that you call people? Oh that’s so cool.
I’m sure you are 100% right oink in your opinion. Retards with opinions who come right out and share them. How retarded is that? People and those opinions should never discuss Social Security according to the Terra Hoot people who dress like pigs but are not retards.
Posted by Z Woof
01/20/2005 at 02:58 PM
Oink, and where would you have the debate? By the media? By politicians who do not participate in the system (like getting marital advice from a nun?)
Sorry, either I am missing your point or your sarcasm meter is way off the scale.
Please elucidate.
I will apologize and modify my sarcasm. There was some meat in the discussion.
But 65 comments—most from two people?
A sample of the debate:“Another illiterate, incomprehensible post from Z Woof.
Sure Sure tubino you are always wrong.
More yammering from the lightweights.
You guys aren’t getting any better at reading.
Newt is just being an asswipe to the President because then liberals like you tubino will say his name, he sucks.
I can’t believe you’re this dumb.
OK, I can because you tubino are a fruitcake.
Please go away you liberal slime.”My inbox was smokin’. I’ve had friendlier debates over the relative merits of the U.S. Army vs. the Marine Corps after 9 beers at the enlisted club. But here I didn’t have to pay for the furniture.
Love and kisses to all
Posted by Oink
01/20/2005 at 03:42 PM
That’s all well and good and they are having fun arguing back and forth. It’s why we run the blog. When it gets old we will ask them to stop. Until then, come on, let ‘em at each others’ throats. It’s entertainment. And it’s free.
I was thrown off by your comments because it was directed at a previous post and not this one. Maybe should have gone there, eh? Especially since I believe I had enough substance in my presentations. The rest is in the readers’ hands (literally, their fingertips but you know what I mean!)
I would add to my previous entry on the subject of abortion and Soc. Sec.—The blame lies with cowardly politicians, WW2 & the baby boom, AND modern medicine, which allows people to live longer. Hence my previous comment about the need for a fatal disease that is spread by playing shuffleboard and bingo.
This is a shameful confession; as my Mother was dying, the thought crossed my mind how much more money I’d get if she died sooner. Thoughts are like birds that shit on your head—no control. Just don’t let them nest in your hair. I faced that thought, kicked it in the nuts, and shoved it aside.
But it is true that there will be pressure to eliminate old people as the system goes bankrupt. Intergenerational war?Posted by Oink
01/20/2005 at 05:57 PM
Oink, I hope you are wrong but people do stupid things when it comes to money.
I second the recommendation for “A Random Walk Down Wall Street”.
Excellent book and very easy to read for someone new to investing.
Posted by mt
01/20/2005 at 06:17 PM
Vilmar: ‘Fraid it’s true. Money causes people to do shameful things, second only to sex. Think of the pressure from the escalating medical costs of caring for ‘Old Crocks’ (Medicare) plus the cost of paying them a check every month. (Social Security)
Someone will think up a helpful rationalization for hurrying them down the road to Eternal Rest.Posted by Oink
01/20/2005 at 06:56 PM
Exactly oink that is my point; We need Americans with individual freedom making choices in free and open markets, you know, America.
And everyone should know the larger your Tax-Free HSA balance is at 65 (Medicare) years of age the more FREEDOM you will have. Same with the Tax-Free PSA in Social Security. The larger your balance the more FREEDOM you will have.
At the very least you might agree oink, that those who turn 65, in the future, who have $250,000 in their Tax-Free HSA will be better prepared for 21st Century Medicare.
Posted by Z Woof
01/22/2005 at 09:45 AM