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One Year Later, One (Trillion) More Dollars
September 15th, 2008, a day that will live in infamy. Famous words, much the same, made in 1941 by our President Franklin D. Roosevelt. As the one year anniversary of the Lehman Brothers collapse approaches, I find myself looking at the economic picture and wondering if we really dodged a bullet or if we traded in our single shot rifle pointed at our head for an semi automatic? Did we really just blow up the asteroid, on a crash collision with Earth, or just shatter it into a million more deadly pieces? Our government, Treasury and Federal Reserve all claim…
16Sep2009 | InTheMoneyStocks.com | 0 comments | ContinuedHow Retirement Plans Are Hurting Investors
Corporate 401k & IRAs need more flexibility…
Some in the financial media are finally admitting that buy and hold investing doesn’t work, and in particular has performed horribly over the last 10 years.
Obviously, the only alternatives to buy and hold are either market-timing, or staying out of the stock market altogether. However, the latter would mean not participating in what has always been the best investment area, better than real estate, bonds, art, collectibles, or what have you.
That leaves market-timing.
But Wall Street and the media still can’t bring themselves to actually use the phrase “market-timing.” That’s understandable after all the years of…
Dems talking about socialism
I warned you.
Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive.
House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute.
A plan by Teresa Ghilarducci, professor of economic-policy analysis at The New School…
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