Comments on: How Wall Street Wrecked Your Retirement

The Nation: When Will The Steady Stream Of Savings Erosion End?

[mbburch06]

"Almost nobody who is not breaking the law can choose among individual stocks and make money."

Is this idiot serious?

[whitemale08]

Wall Street didn''t wreck my retirement plans. I saw these crooks for what they are long time ago.

That''s why I don''t have a 401k or retirement pension fund. I only invest in precious metals and plan to buy a nice piece of farmland in a valley somewhere outside the country.

There I can grow my own food have lots of children and not worry what the politicians do to America.

We have too many idiots in the country who elect idiots to run the government. Time to look outside for a better way.

[drivelphobe]

cbscrash07,,,,,

Good morning!

Ford has been and will be a good one. I''ve been both holding and, buying and trading Ford for over 5 years, and you''re right. It''s fluctuations offer great opportunities to make money. I haven''t listened to a stock broker since they "professionally" advised me to sell AAPL at $20, after which it split and went to $200. Follow your own gut feeling and intuition. Do your homework and think. It''s not that hard to make it work and those bozo brokers only want one thing, your transaction fees in their pocket. They are truly the worst of the commissioned sales people, hiding under the guise of professional financial advisors. Only a fool would let them influence one''s portfolio activities.

[neobrian-2009]

Without Question,The GOP Sect Has,..
Devastated Our Nation & The World Economy.
Has left the general public completely untrustworthy of all government activities.
Shown itself to be Totally Corrupt
Shown itself to be Unethical,Immoral and Illegal.
Embarrassed our people world-wide.
Yes,The GOP Sect is without a doubt the Worst Ever in our once proud history.

[veteran188]

if McSame wins we can say the same thing we said when McBush won,

How can so many Americans be so Dumb?

[irliberal]

if obama loses what will you say then

Posted by alanrobisch2 at 07:22 PM

I''d say exactly the same thing as if the moon crashed into the pacific ocean.

Wow! And ouch!

[veteran188]

it is called socialism or perhaps fascism when the stock ''market'' and in fact all the major corporate ''markets'' are bailed out and therfore controlled by the republicon government,

what about the "FREE MARKET" they like to speak about?

It does not exist, its a scam, trillions of borrowed dollars to bail out theenrons and the wall streets and the bear sterns, but not one dime for a poor american working person

fascism

[samthetvcat]

---"Even as the market falls, future retirees are told not to panic, to keep their money where it is, because in the long run the value of their accounts will go up and they will have many a happy sunset year traveling the globe and showering their grandchildren with presents."---

You know what I realized is that those financial advisors that you see on tv and who sell books aren''t really at liberty to tell people what''ll REALLY maximize their portfolio.

Like isn''t there maybe some unspoken rule that public experts really can''t say that everybody should invest in foreign markets because sometimes they have higher growth rates? So instead they urge everybody to invest in real estate.

You know who I partly blame for the big housing bubble are the experts like that Rich Dad Poor Dad guy who made it sound like easy credit meant it was virtually risk-free to invest in real estate because over the long-term real estate always rises in value. But aren''t housing values only expected to rise at an average rate of return of 3%pa over the next 10 years at best, meaning that a lot of people with mortages are actually still going to have a net loss even after 10 years? So like that wasn''t very good advice, then was it?

As for not cashing out mutual funds, aren''t almost all the mutual funds flat right now? So wouldn''t that actually make short-term bonds and money market funds the best bet if you''re not into short-selling, etc?

I don''t know . . .

[simplemind2]

Thank God that I''m not a big fan of Wall Street stock brokers.
And I''ve never attended those free Steak invitation sent to me by those greedy Financial Consultants.
I also pay no mind to those so-called Pundit''s suggestions.
I happen to follow my home-grown "Valedictorian"''s suggestion a few years back - as I was giving my youngest daughter a ride to visit her friend, I mentioned
how unfortunate that my 401K lost bunch of money in the "stocks" and her suggestion "Dad, why don''t you invest in fixed category then" - I moved all the
"stocks" into fixed that night and have no regret since.
As I explained to my better-half the other day, so long as none of us have a gambling habit, we should be ok.

[platteman]

just work until you 75 or so and then you will have pleanty of money. BO will take care of everyone. His raising capital gains will make the retirement accounts go down farther. As he redistrubutes income from those who have to those who have not, all will be great.