I am asking here as I assume there are a lot of people like me who are
retired and dependent on whether the market goes up or down; so keep an
eye on what is going on.
Does any one know what the "Ukrainian Globalist" is that referenced
frequently on finical pages like?
http://www.google.com/finance?cid=983582
I have Google it and only find its website, but nothing on where it
comes from or who is behind it.
Thank you. But you are the only ones I could think to asked this question.
On Aug 18, 8:09=A0am, "Leon" <[email protected]> wrote:
> "dpb" <[email protected]> wrote in message
>
> news:[email protected]...
>
> > Leon wrote:
>
> > "Allowed", yes...smart, very definitely not. =A0Under age 59-1/2 there'=
s
> > both the tax (federal and state if applicable as ordinary income assumi=
ng
> > it's pretax dollars going in) plus the 10% early withdrawal penalty.
> > There are a few ways to get around the penalty but they are relatively
> > onerous conditions to meet.
>
> That money can simply be rolled into an IRA you pay no tax initially.
There is no penalty, that I know of, for a lump-sum distribution from
a retirement plan. I had that option a few years ago (retirement #1 -
I was 54). The numbers didn't add up though. I would have had to
guarantee 10%, at least, to break even over the annuitized
retirement. Taxes on the lump would have had to have been paid, of
course.
On Aug 18, 12:20=A0pm, dpb <[email protected]> wrote:
> [email protected] wrote:
>
> ...
>
> > There is no penalty, that I know of, for a lump-sum distribution from
> > a retirement plan. =A0I had that option a few years ago (retirement #1 =
-
> > I was 54). =A0The numbers didn't add up though. =A0I would have had to
> > guarantee 10%, at least, to break even over the annuitized
> > retirement. =A0Taxes on the lump would have had to have been paid, of
> > course.
>
> The question wasn't posed of a qualified fully-funded retirement plan
> but for a 401k. =A0Retirement plans are different animuhls entirely.
The two are getting intertwined here. The question about a "lump-sum"
distribution implied a qualified retirement plan, at least to me. Of
course a 401K can be taken out in a lump. It's your money.
> If you have a 401k or are involved with a company provided pension you
> are involved in the stock market, whether you like it or not.
>
Well, you might want to do some research on that. Every 401k I have
been in had both equities and fixed income options so if you didn't
want to be in stocks you can just stay in the money market or other
fixed instruments. Yes, the market is one of the factors that drives
the base rates but it isn't volitile anything like the market.
<[email protected]> wrote in message
news:[email protected]...
> On Tue, 17 Aug 2010 20:53:18 -0500, dpb <[email protected]> wrote:
>
>
> ...and like other investments, should be moved to more secure instrument
> mix
> as one nears retirement (when the money is needed).
Exactly.
On Aug 20, 9:22=A0pm, Roy <[email protected]> wrote:
> On Wed, 18 Aug 2010 07:07:27 -0700 (PDT), Robatoy <[email protected]=
m>
> wrote:
>
> > During my many encounters with 'stars' over the 12 years-worth
> >of short-term PR contracts with the CBC, ......
>
> Whoa!!!!!!!!!
>
> You got an inside track to the CBC??? =A0
>
> Find out when CBC Radio will be bringing back the Mystery Project, please=
.
> Twist some arms if needed to speed up the return.
>
> There are a lot of us out here who would love to hear some new episodes o=
f
> Midnight Cab (my personal favorite), or any of the series,, heck, even ne=
w
> series. =A0A terrific run of high quality shows.
>
> Thanks,
> Roy, in balmy Houston
I had nothing to do with CBC Radio. I worked out of CBC TV Special
Programming. Also, my last gig there was 1990 after a major overhaul
of their spending methods left no room for contract people in lower
ranks.
All in all the CBC has created a plethora of quality programming over
the years but now they are so politically correct that you don't stand
a chance unless you're a lesbian from Nunuvit.... The place is a mere
shadow of its former self and many Canadians are getting really tired
of paying for it.
On Aug 17, 7:11=A0pm, "Lee Michaels" <leemichaels*nadaspam* at comcast
dot net> wrote:
> "Robatoy" <[email protected]> wrote
>
> > Gotto know when to hold 'm, know when to fold 'm, know when to walk
> > away..... wait... there's a song in there somewhere...
>
> The story is that the song "The Gambler" was a common song among folks wh=
o
> worked bars, etc. It was a common song. But nobody recorded it. Kenny Rog=
ers
> thought it was a good song and everybody kept telling him again and again
> that the song would flop. He insisted it was a good song and finally got =
it
> recorded. The rest is history. That song made his career.
Actually... I asked Mickey Newbury if that Patek Phillippe watch he
was wearing was an antique or more contemporary. He told me that Kenny
Rogers gave him that watch for writing Just Dropped In (To See What
Condition My Condition Was In). It was a huge hit for Kenny's group
The First Edition. (Jerry Lee Lewis had passed on that song) (Mike
Post engineered it and Glen Campbell made those weird guitar
sounds.)... but I digress...
"Robatoy" <[email protected]> wrote
>
> Gotto know when to hold 'm, know when to fold 'm, know when to walk
> away..... wait... there's a song in there somewhere...
>
The story is that the song "The Gambler" was a common song among folks who
worked bars, etc. It was a common song. But nobody recorded it. Kenny Rogers
thought it was a good song and everybody kept telling him again and again
that the song would flop. He insisted it was a good song and finally got it
recorded. The rest is history. That song made his career.
On Wed, 18 Aug 2010 07:07:27 -0700 (PDT), Robatoy <[email protected]>
wrote:
> During my many encounters with 'stars' over the 12 years-worth
>of short-term PR contracts with the CBC, ......
Whoa!!!!!!!!!
You got an inside track to the CBC???
Find out when CBC Radio will be bringing back the Mystery Project, please.
Twist some arms if needed to speed up the return.
There are a lot of us out here who would love to hear some new episodes of
Midnight Cab (my personal favorite), or any of the series,, heck, even new
series. A terrific run of high quality shows.
Thanks,
Roy, in balmy Houston
On Aug 20, 10:16=A0pm, FrozenNorth <[email protected]>
wrote:
> On 8/20/10 10:05 PM, Robatoy wrote:
>
>
>
>
>
> > On Aug 20, 9:22 pm, Roy<[email protected]> =A0wrote:
> >> On Wed, 18 Aug 2010 07:07:27 -0700 (PDT), Robatoy<counterfit...@gmail.=
com>
> >> wrote:
>
> >>> During my many encounters with 'stars' over the 12 years-worth
> >>> of short-term PR contracts with the CBC, ......
>
> >> Whoa!!!!!!!!!
>
> >> You got an inside track to the CBC???
>
> >> Find out when CBC Radio will be bringing back the Mystery Project, ple=
ase.
> >> Twist some arms if needed to speed up the return.
>
> >> There are a lot of us out here who would love to hear some new episode=
s of
> >> Midnight Cab (my personal favorite), or any of the series,, heck, even=
new
> >> series. =A0A terrific run of high quality shows.
>
> >> Thanks,
> >> Roy, in balmy Houston
>
> > I had nothing to do with CBC Radio. I worked out of =A0CBC TV Special
> > Programming. Also, my last gig there was 1990 after a major overhaul
> > of their spending methods left no room for contract people in lower
> > ranks.
> > All in all the CBC has created a plethora of quality programming over
> > the years but now they are so politically correct that you don't stand
> > a chance unless you're a lesbian from Nunuvit.... =A0The place is a mer=
e
> > shadow of its former self and many Canadians are getting really tired
> > of paying for it.
>
> Yep, for the past 20 years the only shows I have watched on CBC have
> been the Mercer Report, and their Olympic coverage, and they didn't even
> have that this year. =A0Waste of taxpayer money IMHO.
>
> --
> Froz...
>
> The system will be down for 10 days for preventive maintenance.
I am sick of the 'in-your-face' LGBDS2xXLMADDOW crowd catering
programming to us normal folk. Even their sports programming has
gotten weird. http://www.youtube.com/watch?v=3D86AJje3ElDc&feature=3Dfvsr
<nomex>
On Aug 18, 12:04=A0am, "Mike Marlow" <[email protected]>
wrote:
> dpb wrote:
> > knuttle wrote:
> >> I am asking here as I assume there are a lot of people like me who
> >> are retired and dependent on whether the market goes up or down; so
> >> keep an eye on what is going on.
>
> >> Does any one know what the "Ukrainian Globalist" is that referenced
> >> frequently on finical pages like?
>
> >>http://www.google.com/finance?cid=3D983582
>
> >> I have Google it and only find its website, but nothing on where it
> >> comes from or who is behind it.
>
> >> Thank you. But you are the only ones I could think to asked this
> >> question.
>
> > Well, it would seem the the wrek is _way_ off any economics-related
> > ng's; would seem logical to find one there instead for such queries...
>
> It always amazes me when people post questions like this, stating "I don'=
t
> know who else to ask and I feel I can trust the people here". =A0Sure - t=
his
> is a community of sorts, but less than 1% of the people in a newsgroup kn=
ow
> anything beyond the newsgroup about each other - beyond what they want to
> believe of each other. =A0Why in the world would anyone post a question l=
ike
> this to a newsgroup of woodworkers instead of simply securing the service=
s
> of a real financial adivsor? =A0Most would answer that they can't trust o=
ne or
> don't know one they can trust - but they'll open themselves up to a
> newsgroup of people they don't know a damned thing about. =A0Just don't
> understand it...
>
I don't understand that either, Mike.
Hamburger recipes are cool though...=3D0)
On Aug 18, 5:09=A0pm, "HeyBub" <[email protected]> wrote:
> [email protected] wrote:
>
> >> All in all, treating them as retirement $$ as intended is the smart
> >> choice and in that case starting young and using cost-averaging
> >> long-term strategy historically has yielded good returns...
>
> > ...and like other investments, should be moved to more secure
> > instrument mix as one nears retirement (when the money is needed).
>
> Believe it or not, an excellent investment is in automatic weapons. An M2
> Carbine can be had for as little as $2000 and appreciates in value from t=
en
> to twenty percent per year.
>
> If you're REALLY concerned, another investment is ammunition...
Even a better investment is a donation to the DNC.
Lobby Dosser wrote:
> "Mike Marlow" <[email protected]> wrote in message
> news:[email protected]...
>> dpb wrote:
>>> knuttle wrote:
>>>> I am asking here as I assume there are a lot of people like me who
>>>> are retired and dependent on whether the market goes up or down; so
>>>> keep an eye on what is going on.
>>>>
>>>> Does any one know what the "Ukrainian Globalist" is that referenced
>>>> frequently on finical pages like?
>>>>
>>>> http://www.google.com/finance?cid=983582
>>>>
>>>> I have Google it and only find its website, but nothing on where it
>>>> comes from or who is behind it.
>>>>
>>>> Thank you. But you are the only ones I could think to asked this
>>>> question.
>>>
>>> Well, it would seem the the wrek is _way_ off any economics-related
>>> ng's; would seem logical to find one there instead for such
>>> queries...
>>
>> It always amazes me when people post questions like this, stating "I
>> don't know who else to ask and I feel I can trust the people here".
>> Sure - this is a community of sorts, but less than 1% of the people
>> in a newsgroup know anything beyond the newsgroup about each other -
>> beyond what they want to believe of each other. Why in the world
>> would anyone post a question like this to a newsgroup of woodworkers
>> instead of simply securing the services of a real financial adivsor?
>> Most would answer that they can't trust one or don't know one they
>> can trust - but they'll open themselves up to a newsgroup of people
>> they don't know a damned thing about. Just don't understand it...
>
> Frankly I wonder why anyone would ask Any question, unless one
> enjoyed the entertainment of reading incredibly complex solutions to
> non-problems.
Isn't that the truth sometimes. I've found it more than a little
entertaining to see the complexity of some answers, sometimes, to really
simple questions.
--
-Mike-
[email protected]
"knuttle" <[email protected]> wrote in message
news:[email protected]...
> On 8/17/2010 6:24 PM, Robatoy wrote:
>> On Aug 17, 5:24 pm, "Leon"<[email protected]> wrote:
>>> "knuttle"<[email protected]> wrote in message
>>>
>>> news:[email protected]...
>>>
>>>> I am asking here as I assume there are a lot of people like me who are
>>>> retired and dependent on whether the market goes up or down; so keep an
>>>> eye
>>>> on what is going on.
>>>
>>> Retired and dependent on whether the market goes up or down...... bad
>>> stratagy or situation even under good economic times. If you cannot
>>> afford
>>> to loose money in the market you should have no money in the market. I
>>> kept
>>> telling my sister and her husband that 2 years ago....now they wish that
>>> they had gotten out.
>>
>> Gotto know when to hold 'm, know when to fold 'm, know when to walk
>> away..... wait... there's a song in there somewhere...
>
> If you have a 401k or are involved with a company provided pension you are
> involved in the stock market, whether you like it or not.
You are not allowed to with draw your money and take a lump sum?
Robatoy wrote:
> On Aug 18, 5:09 pm, "HeyBub" <[email protected]> wrote:
>> [email protected] wrote:
>>
>>>> All in all, treating them as retirement $$ as intended is the smart
>>>> choice and in that case starting young and using cost-averaging
>>>> long-term strategy historically has yielded good returns...
>>
>>> ...and like other investments, should be moved to more secure
>>> instrument mix as one nears retirement (when the money is needed).
>>
>> Believe it or not, an excellent investment is in automatic weapons.
>> An M2 Carbine can be had for as little as $2000 and appreciates in
>> value from ten to twenty percent per year.
>>
>> If you're REALLY concerned, another investment is ammunition...
>
> Even a better investment is a donation to the DNC.
That'll make the value of your automatic weapons increase!
I predicted back in April that the GOP will pick up nigh on 200 seats - in
addition to what they already have - and each week edges closer to that
goal.
For example, just today the Cook Political Report issued this update:
CA-47 Loretta Sanchez Likely D to Lean D
FL-02 Allen Boyd Lean D to Toss Up
GA-08 Jim Marshall Likely D to Toss Up
IA-03 Leonard Boswell Lean D to Toss Up
IL-11 Debbie Halvorson Lean D to Toss Up
OH-16 John Boccieri Lean D to Toss Up
PA-08 Patrick Murphy Lean D to Toss Up
PA-10 Chris Carney Likely D to Lean D
SD-AL Stephanie Herseth Sandlin Lean D to Toss Up
TN-04 Lincoln Davis Likely D to Lean D
That is, take a bunch of seats and move 'em one notch to the right.
But I worry. In 1994, the GOP took over Congress and straightened out the
mess. Clinton got credit for the resulting booming economy and got
re-elected.
It could happen again.
"dpb" <[email protected]> wrote in message
news:[email protected]...
> Leon wrote:
>
> "Allowed", yes...smart, very definitely not. Under age 59-1/2 there's
> both the tax (federal and state if applicable as ordinary income assuming
> it's pretax dollars going in) plus the 10% early withdrawal penalty.
> There are a few ways to get around the penalty but they are relatively
> onerous conditions to meet.
That money can simply be rolled into an IRA you pay no tax initially.
"knuttle" <[email protected]> wrote in message
news:[email protected]...
>I am asking here as I assume there are a lot of people like me who are
>retired and dependent on whether the market goes up or down; so keep an eye
>on what is going on.
Retired and dependent on whether the market goes up or down...... bad
stratagy or situation even under good economic times. If you cannot afford
to loose money in the market you should have no money in the market. I kept
telling my sister and her husband that 2 years ago....now they wish that
they had gotten out.
Mike Marlow wrote:
>>
>> Frankly I wonder why anyone would ask Any question, unless one
>> enjoyed the entertainment of reading incredibly complex solutions to
>> non-problems.
>
> Isn't that the truth sometimes. I've found it more than a little
> entertaining to see the complexity of some answers, sometimes, to
> really simple questions.
Yep. Ronald Reagan once said: "Those who think there are not simple answers
to complex questions just haven't tried hard enough."
On Aug 17, 6:21=A0pm, knuttle <[email protected]> wrote:
> On 8/17/2010 6:24 PM, Robatoy wrote:
>
>
>
> > On Aug 17, 5:24 pm, "Leon"<[email protected]> =A0wrote:
> >> "knuttle"<[email protected]> =A0wrote in message
>
> >>news:[email protected]...
>
> >>> I am asking here as I assume there are a lot of people like me who ar=
e
> >>> retired and dependent on whether the market goes up or down; so keep =
an eye
> >>> on what is going on.
>
> >> Retired and dependent on whether the market goes up or down...... =A0b=
ad
> >> stratagy or situation even under good economic times. =A0If you cannot=
afford
> >> to loose money in the market you should have no money in the market. =
=A0I kept
> >> telling my sister and her husband that 2 years ago....now they wish th=
at
> >> they had gotten out.
>
> > Gotto know when to hold 'm, know when to fold 'm, know when to walk
> > away..... wait... there's a song in there somewhere...
>
> If you have a 401k or are involved with a company provided pension you
> are involved in the stock market, whether you like it or not.
>
> The only retirement plan that is not effected by the stock market
> directly is social security.
The retirement "plan" is certainly affected by the stock market. My
retirement check is not.
On Aug 18, 9:34=A0am, Swingman <[email protected]> wrote:
> On 8/17/2010 11:36 PM, Robatoy wrote:
>
> > Actually... I asked Mickey Newbury if that Patek Phillippe watch he
> > was wearing was an antique or more contemporary.
>
> "Growing up came quietly in the arms of Mabel Joy"
>
> --www.e-woodshop.net
> Last update: 4/15/2010
> KarlC@ (the obvious)
I spent quite a few hours over the course of 3 days with Newbury. He
was an absolute sponge for everything cultural in Toronto. (That took
care of 10 minutes....I keed, I keed!!)
He talked about topics so far 'out there' that I couldn't believe he
was the same guy whose bio a had read a week before.
"One of my big hurts, Robbie, is having no idea how much knowledge
mankind lost wen the Library Of Alexandria burned down." Stuff like
that. During my many encounters with 'stars' over the 12 years-worth
of short-term PR contracts with the CBC, I never encountered anybody
so down to earth and fascinatingly complex as that dude. A truly
wonderful experience....unlike some of the assholes I had the pleasure
to babysit.
On Tue, 17 Aug 2010 19:11:04 -0400, "Lee Michaels" <leemichaels*nadaspam* at
comcast dot net> wrote:
>
>
>"Robatoy" <[email protected]> wrote
>>
>> Gotto know when to hold 'm, know when to fold 'm, know when to walk
>> away..... wait... there's a song in there somewhere...
>>
>The story is that the song "The Gambler" was a common song among folks who
>worked bars, etc. It was a common song. But nobody recorded it. Kenny Rogers
>thought it was a good song and everybody kept telling him again and again
>that the song would flop. He insisted it was a good song and finally got it
>recorded. The rest is history. That song made his career.
This seems to tell a slightly different story. His career took off long
before '79/79, too. I saw him in concert in '72 or '73 and he wasn't a newb
then.
http://www.search.com/reference/The_Gambler_%28song%29
On Wed, 18 Aug 2010 15:37:26 -0700 (PDT), Robatoy
<[email protected]> wrote:
>On Aug 18, 5:09 pm, "HeyBub" <[email protected]> wrote:
>> [email protected] wrote:
>>
>> >> All in all, treating them as retirement $$ as intended is the smart
>> >> choice and in that case starting young and using cost-averaging
>> >> long-term strategy historically has yielded good returns...
>>
>> > ...and like other investments, should be moved to more secure
>> > instrument mix as one nears retirement (when the money is needed).
>>
>> Believe it or not, an excellent investment is in automatic weapons. An M2
>> Carbine can be had for as little as $2000 and appreciates in value from ten
>> to twenty percent per year.
>>
>> If you're REALLY concerned, another investment is ammunition...
>
>Even a better investment is a donation to the DNC.
Ya mean they should -expend- the fresh ammo there? That's an
investment you can take to the bank!
--
We're all here because we're not all there.
On Aug 17, 5:24=A0pm, "Leon" <[email protected]> wrote:
> "knuttle" <[email protected]> wrote in message
>
> news:[email protected]...
>
> >I am asking here as I assume there are a lot of people like me who are
> >retired and dependent on whether the market goes up or down; so keep an =
eye
> >on what is going on.
>
> Retired and dependent on whether the market goes up or down...... =A0bad
> stratagy or situation even under good economic times. =A0If you cannot af=
ford
> to loose money in the market you should have no money in the market. =A0I=
kept
> telling my sister and her husband that 2 years ago....now they wish that
> they had gotten out.
Gotto know when to hold 'm, know when to fold 'm, know when to walk
away..... wait... there's a song in there somewhere...
dpb wrote:
> knuttle wrote:
>> I am asking here as I assume there are a lot of people like me who
>> are retired and dependent on whether the market goes up or down; so
>> keep an eye on what is going on.
>>
>> Does any one know what the "Ukrainian Globalist" is that referenced
>> frequently on finical pages like?
>>
>> http://www.google.com/finance?cid=983582
>>
>> I have Google it and only find its website, but nothing on where it
>> comes from or who is behind it.
>>
>> Thank you. But you are the only ones I could think to asked this
>> question.
>
> Well, it would seem the the wrek is _way_ off any economics-related
> ng's; would seem logical to find one there instead for such queries...
>
It always amazes me when people post questions like this, stating "I don't
know who else to ask and I feel I can trust the people here". Sure - this
is a community of sorts, but less than 1% of the people in a newsgroup know
anything beyond the newsgroup about each other - beyond what they want to
believe of each other. Why in the world would anyone post a question like
this to a newsgroup of woodworkers instead of simply securing the services
of a real financial adivsor? Most would answer that they can't trust one or
don't know one they can trust - but they'll open themselves up to a
newsgroup of people they don't know a damned thing about. Just don't
understand it...
--
-Mike-
[email protected]
[email protected] wrote:
>>
>> All in all, treating them as retirement $$ as intended is the smart
>> choice and in that case starting young and using cost-averaging
>> long-term strategy historically has yielded good returns...
>
> ...and like other investments, should be moved to more secure
> instrument mix as one nears retirement (when the money is needed).
Believe it or not, an excellent investment is in automatic weapons. An M2
Carbine can be had for as little as $2000 and appreciates in value from ten
to twenty percent per year.
If you're REALLY concerned, another investment is ammunition...
On Tue, 17 Aug 2010 20:53:18 -0500, dpb <[email protected]> wrote:
>Leon wrote:
>> "knuttle" <[email protected]> wrote in message
>> news:[email protected]...
>>> On 8/17/2010 6:24 PM, Robatoy wrote:
>>>> On Aug 17, 5:24 pm, "Leon"<[email protected]> wrote:
>>>>> "knuttle"<[email protected]> wrote in message
>>>>>
>>>>> news:[email protected]...
>>>>>
>>>>>> I am asking here as I assume there are a lot of people like me who are
>>>>>> retired and dependent on whether the market goes up or down; so keep an
>>>>>> eye
>>>>>> on what is going on.
>>>>> Retired and dependent on whether the market goes up or down...... bad
>>>>> stratagy or situation even under good economic times. If you cannot
>>>>> afford
>>>>> to loose money in the market you should have no money in the market. I
>>>>> kept
>>>>> telling my sister and her husband that 2 years ago....now they wish that
>>>>> they had gotten out.
>>>> Gotto know when to hold 'm, know when to fold 'm, know when to walk
>>>> away..... wait... there's a song in there somewhere...
>>> If you have a 401k or are involved with a company provided pension you are
>>> involved in the stock market, whether you like it or not.
>>
>> You are not allowed to with draw your money and take a lump sum?
>...
>
>"Allowed", yes...smart, very definitely not. Under age 59-1/2 there's
>both the tax (federal and state if applicable as ordinary income
>assuming it's pretax dollars going in) plus the 10% early withdrawal
>penalty. There are a few ways to get around the penalty but they are
>relatively onerous conditions to meet.
>
>All in all, treating them as retirement $$ as intended is the smart
>choice and in that case starting young and using cost-averaging
>long-term strategy historically has yielded good returns...
...and like other investments, should be moved to more secure instrument mix
as one nears retirement (when the money is needed).
knuttle wrote:
> I am asking here as I assume there are a lot of people like me who are
> retired and dependent on whether the market goes up or down; so keep an
> eye on what is going on.
>
> Does any one know what the "Ukrainian Globalist" is that referenced
> frequently on finical pages like?
>
> http://www.google.com/finance?cid=983582
>
> I have Google it and only find its website, but nothing on where it
> comes from or who is behind it.
>
> Thank you. But you are the only ones I could think to asked this question.
Well, it would seem the the wrek is _way_ off any economics-related
ng's; would seem logical to find one there instead for such queries...
I never heard of it; the posted link simply brought up a google chart
for today's DJIA so don't know what you were looking at...
But, from the homepage it simply looks like a front for posting
links/articles culled from other resources.
Don't have much interest in such apparently mindless 'bots posting links
to everything they can crawl over...I use either the Morningstar or
Marketwatch sites for routine info on what's happening daily but I don't
obsess on short-term volatility.
Age and time in the market are essentially everything; unless you're
day-trading or otherwise in a timing short-term deal it doesn't really
matter much what happens day-to-day; all one might do is perhaps make
some adjustments on watershed events -- I moved into other areas a high
fraction of stocks/mutual funds after the first of the major financial
failures simply because it was clear there was going to be a severe
emotion-induced selloff at the least. I didn't expect the collapse any
more than anybody else but certainly knew the reaction would be to cause
a pretty significant pullback in the markets and there wasn't any sense
in riding them down. I'm most back at the present w/ the runup--again,
I didn't foresee just when the bottom really was but had a feeling that
the panic had eased 12-18 months ago and started to re-enter the same
places I had previously but back with a lower average cost basis than
before. I don't have time (or, more accurately, don't want to take the
time) required to watch or try to select individual stocks so that stay
almost exclusively in mutuals except for a few no-brainers and a couple
of mostly sentimental picks like former employer(s), etc.
Since most is in an IRA, there are no tax consequences to color the
decisions; I haven't made an active trade outside the IRA funds in 15
years; I simply select what appear in my view to be reasonable mixes
that are relatively low volatility but perform reasonably well in
tracking the broader markets. While at traditional retirement age, am
in good health so figure still have a pretty long time horizon to deal
with in all likelihood. W/ that perspective, don't think one can afford
to _not_ be in the markets w/ prudence.
--
On 8/17/2010 6:24 PM, Robatoy wrote:
> On Aug 17, 5:24 pm, "Leon"<[email protected]> wrote:
>> "knuttle"<[email protected]> wrote in message
>>
>> news:[email protected]...
>>
>>> I am asking here as I assume there are a lot of people like me who are
>>> retired and dependent on whether the market goes up or down; so keep an eye
>>> on what is going on.
>>
>> Retired and dependent on whether the market goes up or down...... bad
>> stratagy or situation even under good economic times. If you cannot afford
>> to loose money in the market you should have no money in the market. I kept
>> telling my sister and her husband that 2 years ago....now they wish that
>> they had gotten out.
>
> Gotto know when to hold 'm, know when to fold 'm, know when to walk
> away..... wait... there's a song in there somewhere...
If you have a 401k or are involved with a company provided pension you
are involved in the stock market, whether you like it or not.
The only retirement plan that is not effected by the stock market
directly is social security.
Leon wrote:
> "knuttle" <[email protected]> wrote in message
> news:[email protected]...
>> On 8/17/2010 6:24 PM, Robatoy wrote:
>>> On Aug 17, 5:24 pm, "Leon"<[email protected]> wrote:
>>>> "knuttle"<[email protected]> wrote in message
>>>>
>>>> news:[email protected]...
>>>>
>>>>> I am asking here as I assume there are a lot of people like me who are
>>>>> retired and dependent on whether the market goes up or down; so keep an
>>>>> eye
>>>>> on what is going on.
>>>> Retired and dependent on whether the market goes up or down...... bad
>>>> stratagy or situation even under good economic times. If you cannot
>>>> afford
>>>> to loose money in the market you should have no money in the market. I
>>>> kept
>>>> telling my sister and her husband that 2 years ago....now they wish that
>>>> they had gotten out.
>>> Gotto know when to hold 'm, know when to fold 'm, know when to walk
>>> away..... wait... there's a song in there somewhere...
>> If you have a 401k or are involved with a company provided pension you are
>> involved in the stock market, whether you like it or not.
>
> You are not allowed to with draw your money and take a lump sum?
...
"Allowed", yes...smart, very definitely not. Under age 59-1/2 there's
both the tax (federal and state if applicable as ordinary income
assuming it's pretax dollars going in) plus the 10% early withdrawal
penalty. There are a few ways to get around the penalty but they are
relatively onerous conditions to meet.
All in all, treating them as retirement $$ as intended is the smart
choice and in that case starting young and using cost-averaging
long-term strategy historically has yielded good returns...
--
"Mike Marlow" <[email protected]> wrote in message
news:[email protected]...
> dpb wrote:
>> knuttle wrote:
>>> I am asking here as I assume there are a lot of people like me who
>>> are retired and dependent on whether the market goes up or down; so
>>> keep an eye on what is going on.
>>>
>>> Does any one know what the "Ukrainian Globalist" is that referenced
>>> frequently on finical pages like?
>>>
>>> http://www.google.com/finance?cid=983582
>>>
>>> I have Google it and only find its website, but nothing on where it
>>> comes from or who is behind it.
>>>
>>> Thank you. But you are the only ones I could think to asked this
>>> question.
>>
>> Well, it would seem the the wrek is _way_ off any economics-related
>> ng's; would seem logical to find one there instead for such queries...
>>
>
> It always amazes me when people post questions like this, stating "I don't
> know who else to ask and I feel I can trust the people here". Sure - this
> is a community of sorts, but less than 1% of the people in a newsgroup
> know anything beyond the newsgroup about each other - beyond what they
> want to believe of each other. Why in the world would anyone post a
> question like this to a newsgroup of woodworkers instead of simply
> securing the services of a real financial adivsor? Most would answer that
> they can't trust one or don't know one they can trust - but they'll open
> themselves up to a newsgroup of people they don't know a damned thing
> about. Just don't understand it...
Frankly I wonder why anyone would ask Any question, unless one enjoyed the
entertainment of reading incredibly complex solutions to non-problems.
[email protected] wrote:
...
> There is no penalty, that I know of, for a lump-sum distribution from
> a retirement plan. I had that option a few years ago (retirement #1 -
> I was 54). The numbers didn't add up though. I would have had to
> guarantee 10%, at least, to break even over the annuitized
> retirement. Taxes on the lump would have had to have been paid, of
> course.
The question wasn't posed of a qualified fully-funded retirement plan
but for a 401k. Retirement plans are different animuhls entirely.
--
Leon wrote:
> <[email protected]> wrote in message
> news:[email protected]...
>> On Tue, 17 Aug 2010 20:53:18 -0500, dpb <[email protected]> wrote:
>>
>>
>> ...and like other investments, should be moved to more secure instrument
>> mix
>> as one nears retirement (when the money is needed).
>
> Exactly.
Again, one has to factor in one's own tolerance for risk and evaluate
the real cost of inflation on an acceptable rate of return over the
expected lifetime in order to come to a specific decision individually.
As noted earlier, in a case of good health w/ a reasonable expectation
of a possibly quite long retirement time, too conservative an investment
too early could lead to early depletion of funds as well as too risky.
For that reason, as also noted earlier, I've made very little change in
the investment allocation at all since retirement as I figure I've still
got a 20+ year time frame to go, retired or no.
Everybody's situation is unique to at least some degree so while there
are some basic truths in the generalities, the devil is in the details
for each situation.
--
[email protected] wrote:
> On Aug 18, 12:20 pm, dpb <[email protected]> wrote:
>> [email protected] wrote:
>>
>> ...
>>
>>> There is no penalty, that I know of, for a lump-sum distribution from
>>> a retirement plan. I had that option a few years ago (retirement #1 -
>>> I was 54). The numbers didn't add up though. I would have had to
>>> guarantee 10%, at least, to break even over the annuitized
>>> retirement. Taxes on the lump would have had to have been paid, of
>>> course.
>> The question wasn't posed of a qualified fully-funded retirement plan
>> but for a 401k. Retirement plans are different animuhls entirely.
>
> The two are getting intertwined here. The question about a "lump-sum"
> distribution implied a qualified retirement plan, at least to me. Of
> course a 401K can be taken out in a lump. It's your money.
Actually, looking back I see I did miss one part -- the posting I
replied to was (attributes were lost earlier)
>> If you have a 401k or are involved with a company provided pension you are
>> > involved in the stock market, whether you like it or not.
>
> You are not allowed to with draw your money and take a lump sum?
My response was directed to the 401k portion and I missed the latter
portion of the first quote after the "or".
My response did, in fact, agree that one can withdraw 401k monies early
in lump sum, only noted that there are potentially seriously economic
consequences of doing so prior to reaching age 59-1/2.
This is _so_ OT, I'm retiring (so to speak :) ) from further watching
this thread...
--
On 8/20/10 10:05 PM, Robatoy wrote:
> On Aug 20, 9:22 pm, Roy<[email protected]> wrote:
>> On Wed, 18 Aug 2010 07:07:27 -0700 (PDT), Robatoy<[email protected]>
>> wrote:
>>
>>> During my many encounters with 'stars' over the 12 years-worth
>>> of short-term PR contracts with the CBC, ......
>>
>> Whoa!!!!!!!!!
>>
>> You got an inside track to the CBC???
>>
>> Find out when CBC Radio will be bringing back the Mystery Project, please.
>> Twist some arms if needed to speed up the return.
>>
>> There are a lot of us out here who would love to hear some new episodes of
>> Midnight Cab (my personal favorite), or any of the series,, heck, even new
>> series. A terrific run of high quality shows.
>>
>> Thanks,
>> Roy, in balmy Houston
>
> I had nothing to do with CBC Radio. I worked out of CBC TV Special
> Programming. Also, my last gig there was 1990 after a major overhaul
> of their spending methods left no room for contract people in lower
> ranks.
> All in all the CBC has created a plethora of quality programming over
> the years but now they are so politically correct that you don't stand
> a chance unless you're a lesbian from Nunuvit.... The place is a mere
> shadow of its former self and many Canadians are getting really tired
> of paying for it.
Yep, for the past 20 years the only shows I have watched on CBC have
been the Mercer Report, and their Olympic coverage, and they didn't even
have that this year. Waste of taxpayer money IMHO.
--
Froz...
The system will be down for 10 days for preventive maintenance.