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meadandale
Participant[quote=TheBreeze]As you can see, Obama’s tax plan has incentivized Joe to go stand in a welfare line as opposed to continuing to work to make more than 95% of Americans. [/quote]
Your tongue in cheek comment notwithstanding, Obama’s plan DOES incentivize Joe to not bust his ass to make that extra buck.
“From each according to his ability to each according to his need”
Yep, that’s the Obama-nation in a nutshell. Wonder if any of you Obama lovers know the source of that quote….
Participant[quote=TheBreeze]As you can see, Obama’s tax plan has incentivized Joe to go stand in a welfare line as opposed to continuing to work to make more than 95% of Americans. [/quote]
Your tongue in cheek comment notwithstanding, Obama’s plan DOES incentivize Joe to not bust his ass to make that extra buck.
“From each according to his ability to each according to his need”
Yep, that’s the Obama-nation in a nutshell. Wonder if any of you Obama lovers know the source of that quote….
Participant[quote=TheBreeze]As you can see, Obama’s tax plan has incentivized Joe to go stand in a welfare line as opposed to continuing to work to make more than 95% of Americans. [/quote]
Your tongue in cheek comment notwithstanding, Obama’s plan DOES incentivize Joe to not bust his ass to make that extra buck.
“From each according to his ability to each according to his need”
Yep, that’s the Obama-nation in a nutshell. Wonder if any of you Obama lovers know the source of that quote….
ParticipantRemember, most of the gains made in the stock market are made when the general ‘wisdom’ is to be in cash.
Market timers rarely do well in the market.
Chances are, you didn’t sell at the peak and chances are you won’t buy back in before quite a bit of the upward movement is past you.
If you wait until Piggs are saying it is safe to get back in, we’ll be long past any decent gains.
That’s why I don’t try and play that game. All my retirement positions are long positions and I have most of my money in ‘market’ positions with a few, generally strong, single stocks. I’m down quite a bit right now but since I’m still in the market, all the losses are ‘virtual’.
ParticipantRemember, most of the gains made in the stock market are made when the general ‘wisdom’ is to be in cash.
Market timers rarely do well in the market.
Chances are, you didn’t sell at the peak and chances are you won’t buy back in before quite a bit of the upward movement is past you.
If you wait until Piggs are saying it is safe to get back in, we’ll be long past any decent gains.
That’s why I don’t try and play that game. All my retirement positions are long positions and I have most of my money in ‘market’ positions with a few, generally strong, single stocks. I’m down quite a bit right now but since I’m still in the market, all the losses are ‘virtual’.
ParticipantRemember, most of the gains made in the stock market are made when the general ‘wisdom’ is to be in cash.
Market timers rarely do well in the market.
Chances are, you didn’t sell at the peak and chances are you won’t buy back in before quite a bit of the upward movement is past you.
If you wait until Piggs are saying it is safe to get back in, we’ll be long past any decent gains.
That’s why I don’t try and play that game. All my retirement positions are long positions and I have most of my money in ‘market’ positions with a few, generally strong, single stocks. I’m down quite a bit right now but since I’m still in the market, all the losses are ‘virtual’.
ParticipantRemember, most of the gains made in the stock market are made when the general ‘wisdom’ is to be in cash.
Market timers rarely do well in the market.
Chances are, you didn’t sell at the peak and chances are you won’t buy back in before quite a bit of the upward movement is past you.
If you wait until Piggs are saying it is safe to get back in, we’ll be long past any decent gains.
That’s why I don’t try and play that game. All my retirement positions are long positions and I have most of my money in ‘market’ positions with a few, generally strong, single stocks. I’m down quite a bit right now but since I’m still in the market, all the losses are ‘virtual’.
ParticipantRemember, most of the gains made in the stock market are made when the general ‘wisdom’ is to be in cash.
Market timers rarely do well in the market.
Chances are, you didn’t sell at the peak and chances are you won’t buy back in before quite a bit of the upward movement is past you.
If you wait until Piggs are saying it is safe to get back in, we’ll be long past any decent gains.
That’s why I don’t try and play that game. All my retirement positions are long positions and I have most of my money in ‘market’ positions with a few, generally strong, single stocks. I’m down quite a bit right now but since I’m still in the market, all the losses are ‘virtual’.
October 14, 2008 at 8:55 AM in reply to: OT – Inside Obama’s “Tax Cut” Can you say Redistribution! #287097Participanthttp://elections.foxnews.com/2008/10/13/obama-plumber-plan-spread-wealth/
Wealth redistribution at its finest…
October 14, 2008 at 8:55 AM in reply to: OT – Inside Obama’s “Tax Cut” Can you say Redistribution! #287394Participanthttp://elections.foxnews.com/2008/10/13/obama-plumber-plan-spread-wealth/
Wealth redistribution at its finest…
October 14, 2008 at 8:55 AM in reply to: OT – Inside Obama’s “Tax Cut” Can you say Redistribution! #287410Participanthttp://elections.foxnews.com/2008/10/13/obama-plumber-plan-spread-wealth/
Wealth redistribution at its finest…
October 14, 2008 at 8:55 AM in reply to: OT – Inside Obama’s “Tax Cut” Can you say Redistribution! #287437Participanthttp://elections.foxnews.com/2008/10/13/obama-plumber-plan-spread-wealth/
Wealth redistribution at its finest…
October 14, 2008 at 8:55 AM in reply to: OT – Inside Obama’s “Tax Cut” Can you say Redistribution! #287441Participanthttp://elections.foxnews.com/2008/10/13/obama-plumber-plan-spread-wealth/
Wealth redistribution at its finest…
ParticipantMaking a change now will just realize what up until now are virtual losses.
You are young enough that I’d ride out your current positions but you may want to call your 401k administrator and ask that all FUTURE contributions be steered into different allocations (e.g. cash or bonds).
OTOH, now is also a GREAT time to buy as others flee the market. Everything is discounted; when the market turns around, which it eventually will, you’ll realized some nice returns.
OTOH, this crash could end up with us all living in cardboard boxes and money will have no value…..
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