Dow closes at over 15,0000 and it disgusts me.

[Consigliere]

I'm not talking about IRA's and 401k. when the recession hit nikkas lost jobs. I lost my job. I was lucky enough to get new gig that paid close to what I was making but while corporate profits are at record highs nikkas still not hiring. Jobs that are hiring are starting out for less money. $10 per or gigs requiring 4 years of experience and a bachelors degree

401k and IRA accounts is something you have when you are EARNING enough money to contribute to it and not touch it. A lot of people are living pay check to pay check with no medical or dental so where they gonna get money to put in an IRA?

Dog, I agree that things are fukked right now. I just posted in another thread what the problem is. Rich people are not job creators. They used to be. Now they're all globalists who off shore their money and invest in companies that dont have any loyalty to the US taxpayers who subsidize them. Bring the money home and the jobs come with it.

If you are unemployed, underemployed or not invested in the market, dont waste your time following the DOW & S&P.

 

[Strapped]

yall better get on the bandwagon

 

[Hulk Hogan]

15,0000

ART BARR, BROTHER?

 

[BlvdBrawler]

Because its only benefiting few people. I know people that are still hurting since 2009 because of the financial collapse and not only did Wall Street recover it has surpassed pre crisis levels.


The game is rigged like a bytch.

Agreed. We middle class nikkas only making tens of thousands on this shyt, while the rich reap billions. It's disgusting.

 

[BlvdBrawler]

This fool talking about some money he hopes is still there when we're 65 years old. 25 to 35 years from now.


These CACs are now, we want money now

Tell me again what's going to happen to that account? Wall street is going to... what again?

 

[Lucky_Lefty]

I brought this up in the office and this blind as shyt Teabagger still swears up and down its a good thing because it means the rich will be likely to create job. Their form of thinking is mind blowing. All the while he advocates for smaller govt. as he makes his living in his GS-12 job smh

 

[Dr Dre's ProductionSkills]

Ppl spen money on the dumbest stuff most ppl drop 100 bucks a month for cell phones bill or go drop money on overpric3d tennis shoes or design er bags u drop that same moneu on a boring index fund regularly ull profit

Imagine if ur parents put 50 bucks a month in a boring index fund or exxon moble when u were born ud be rollin in dough without any real pain or sacrifice

Trading markets is bs investing is differern animal

 

[ltheghost]

Like an old man told me one day going to the store. The last war humanity will ever fight will be between the haves and the have nots. Looking at the Dow I wonder who came out well, the poor, the middle class, or the upper class..? Lol I'm about to invest in the first company that starts privatizing water. We are getting into 80's era income disparity and I don't plan on being on the bottom.

 

[Hulk Hogan]

We are getting into 80's era income disparity

WE'RE WORSE THAN THAT ALREADY, BROTHER! WE'RE GETTING INTO GREAT DEPRESSION ERA DISPARITY, DUDE!

and I don't plan on being on the bottom.

I'M SURE YOU'RE INTENTIONS ARE GOOD AND YOU LACK MALICE, BUT YOU'RE KIND OF ADMITTING TO A DESIRE TO BE PART OF THE PROBLEM, MEAN GENE!

 

[ltheghost]

WE'RE WORSE THAN THAT ALREADY, BROTHER! WE'RE GETTING INTO GREAT DEPRESSION ERA DISPARITY, DUDE!


I'M SURE YOU'RE INTENTIONS ARE GOOD AND YOU LACK MALICE, BUT YOU'RE KIND OF ADMITTING TO A DESIRE TO BE PART OF THE PROBLEM, MEAN GENE!

Sorry Hogan brother, family started from the bottom, we ain't lookin back. Yup, I'm sorry Hogan...(New World Order Music comes on) (Everyone starts beat up Macho Man, leaves him the ring and with NWO spray-painted on his back)

The goalposts are being moved as we speak. Its too late to turn back the tables when the table has been flipped over. In about five or ten years you are going to see some wild shyt. People are out here making Oprah money and they are not bringing it back home.

 

[Hulk Hogan]

People are out here making Oprah money and they are not bringing it back home.

*drops a leg on Oprah*

 

[GoogleMe]

You could apply the same poor decision making process to putting your money in a bank or learning to read or getting out of bed in the morning.



You can always take money out of your 401k to purchase a house or go to school. You can also take it out and pay the tax penalty.



If you work for a company that matches your investment, its free money.

When I quit my job at the height of the recession my 401k was on track to be over $3M. Now the markets improved and I'm kicking myself and grinding hard to put some money in an IRA.

Anybody who isn't investing in longterm retirement and relying on Social Security is losing.

What's your career?

 

[Consigliere]

What's your career?

I was in private equity real estate development at one of the PERE 30 REIT's. We had a really sweet investment portfolio and the company matched. I was maxing it out and would have been on pace to hit that number before retirement.

 

[theworldismine13]

I was in private equity real estate development at one of the PERE 30 REIT's. We had a really sweet investment portfolio and the company matched. I was maxing it out and would have been on pace to hit that number before retirement.

Yeah, I'm not disagreeing with your other points but 3m is an outlier, although I know some government workers that are in the mili range but that's after 30-40 years in high GS jobs,

 

[unit321]

... A lot of people are living pay check to pay check with no medical or dental so where they gonna get money to put in an IRA? ...

Just an unrelated question to everyone here, "Do people who live paycheck to paycheck get to afford a almost new VW GTI, a brand new Honda Accord sedan and go on a vacation to Cabo San Lucas?"