retirement fund

[MadJack]

him and Smurph drove one to his grave

who and smurph?

 

[MadJack]

Hey, I been puttin up with you and your crew for years, so Saint can quit fkin cryin!

That guy shoveled more shit at me than almost anyone.

All of it undeserved, I might add.

No one has had a rougher time of it here at MJ-sports, yet I persevere.

 

[IntenseOperator]

No one has had a rougher time of it here at MJ-sports, yet I persevere.

Let me kiss it and make it better

 

[Agent 0659]

See what I'm sayin. :shrug:

 

[Agent 0659]

Let me kiss it and make it better

Ummmmm, no?

:sadwave::scared

 

[Terryray]

Saint, maybe you need to research the stock market in the Great Depression years and how it took over 20+ years to recover to the 1929 levels.

Go ahead and take your 50% loss over the next couple years. It would be better to put your money in a safe and take it out in two years.

I was just wondering about that....so looked it up


1929 stock market crash, bottoming out in 1932 with DJIA losing 89% of value (to levels last seen in 1880s), didn't recover the pre-1929 levels until 1954.

tho more recent:

1974 DJIA lost 45% of value and didn't see the same level (in real terms) until August 1993.

Black Monday (1987) crash, about 31% of DJIA value lost, took 2 years to recover.

DJIA lost 20% last 12 days...down about 35 percent from its all time high of 14,164.53 reached exactly one year ago today.

 

[Agent 0659]

lately if i'm not in 100% agreement jack feels the need to come on and take some sort of dig at me. just getting a little tired of it. people bash each other left and right on this forum and he's not out there calling them assholes. yipeee

 

[MadJack]

who ruined this perfectly good thread anyway?

:00x31

 

[justin22g]

I have talked myself into opening a roth IRA on ameritrade. I figured this would be the best time to start... and since I have some extra change laying around...

maybe I can get this thread back on track?

 

[bubbas1]

I refuse to look at my 401k account. I know its going down the shitter but Im young enough where I will just keep putting my same % in every week hope for the big upswing to come within 20 years.

The ones I do feel for are those that have already retired or wanted to retire within a couple of years. Was listening to talk radio yesterday and the people calling in were in bad shape because of this.

Looked at the DOW today and see that the bailout plan is working like a charm.

 

[vinnie]

down 50% now:scared well it's half gone :sadwave: is the glass half empty or full :shrug:

 

[MadJack]

down 50% now:scared well it's half gone :sadwave: is the glass half empty or full :shrug:

yup, 50%. same as if i pulled it out and paid the penalties and taxes. i might pull it out and tell them to fuk off for the penalties and taxes.

 

[THE KOD]

mine is down 50 %

I guess everyones is.

son of a beech.

its depressing.

I meet alot of Gen Cont, clients, construction managers, etc.

I have asked alot of them what they are doing with their stocks and retirement money ?

Are you cashing out ?

I have not had one say yes

:shrug:

 

[Morris]

Felt like a good kick in the balls today when I saw what the market did.

 

[The Sponge]

The worst thing you can do is panic, in two years this will be nothing but a correction. This has been an overreaction by the Democrats. Stay the course. If you are retiring in more than 2 years, sit tight it will be fine in time. I wish I had some money to invest, because this is when the rich get richer. Everything is on sale, it is like going to a department store and shirts that are normally 70 dollars are 5, relax people the market will be fine, it may take a little time, but it will be okay.

Another broke guy who votes republican :mj07:

 

[The Sponge]

mine is down 50 %

I guess everyones is.

son of a beech.

its depressing.

I meet alot of Gen Cont, clients, construction managers, etc.

I have asked alot of them what they are doing with their stocks and retirement money ?

Are you cashing out ?

I have not had one say yes

:shrug:

I didn't read this whole thread but im sure DTB is making massive amounts of money. He puts Warren Buffet to shame.

 

[The Sponge]

down 50% now:scared well it's half gone :sadwave: is the glass half empty or full :shrug:

Shits just like betting sports. Don't listen to any of those hypers on Tv telling you where to put your money. They are just like those 4 douchebags on Fox NFL pregame who hype a game and then it crashes. when these 401K's and Ira's came out i said to my old man these things look to good to be true. All i have is about ten grand in one of those that i was forced into by the Carpenters union because the **** sucking politicians said we put to much in our annuities. They passed some kind of law so we couldn't keep putting it in our annuity cause the fukers couldn't get it. Plus this market is so corrupt these fuks lower the numbers like thieves. Just like after 9/11. Nobody was selling but everyone saw their accounts get looted. You saw those thieves at AIG have their little spa treatment. Gov't yelled at them :mj07: then gave them another 40 billion.

 

[hedgehog]

don't be a know-it-all asshole, hedgehog.

:mj07:

just stating my opinion

 

[Agent 0659]

when these 401K's and Ira's came out i said to my old man these things look to good to be true.

Oh here we go, Sponge predicted THIS too:mj07: :mj07: :mj07: :mj07:

 

[justin22g]

I opened a roth IRA account but haven't funded it yet...

I have been looking at a couple ETF's that i would like to throw the majority of my retirement $ into.

does anyone know about the TDX Independence Exchange Traded Funds?



I'm graduating college in Dec. and heading to law school in Jan. I figured its better to start now than 3 or 4 years from now when I start practicing law(hopefully) I will try to throw the max contributation in each year... but some is better than none.

This is the ETF I had in mind...

TDX Independence 2040 ETF
(Ticker Symbol: TDV)