Posted by Crash burn on January 14, 2009 at 21:13:52 from (69.20.162.151):
In Reply to: Denial? posted by Spook on January 14, 2009 at 16:48:11:
I'm 53...retirement is only 10-13 years away. I didn't get to start my 401K plan till I was almost 40. Wife (ex wife) took half of it in '99 in the divorce. Right after that the dot.com bust took away 1/2 again, but my advisor told me to hang in there. I did, so I only had essentially 1/4 of what I had before '99. Since then, I've recovered and been socking away a good chunk of my income. I get a good match from my employer, 50%. From December 2007 to September 2008 I lost 25% again. That was enough for me. I read the news regularly, and saw this crash coming long ago. I wish I had acted sooner, but my investment man told me to "hold tight, stick it out", whatever. Well, Bull$$it!! In early Sept. I moved everything into a money market account. None too soon... I bet alot of people out there have lost upwards of 40-50%. As for me, I'll wait until the general smell of the marketplace at large seems to be more positive, and then I will move my cash back into some somewhat agressive mutual funds and hope for the best. At my age I can't stand too many more 25-50% discounts. Even if I end up with less than I hoped for, I will listen to my intuition and common sense and only consider the experts advice. Not only that, there's so much vice & corruption in the investment world right now it's incredible that so many crooks have gotten away with it for so long. I feel very sorry for all the people that have been duped out of their life savings by smooth talkers and robber baron CEO's that take millions, let the companies go bankrupt and leave the little guys hanging. Count me out of this merry-go-round ride.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
