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I'm still in cash. One up day does not make for a bull market.
It's funny watching my fellow co-workers talk about the market and their mutual funds. They get excited about their profits on an up day and want to pull it all out on the down day claiming the market is doomed. What's funny is that I'm listening to what they say, knowing full good and well that they have no clue what they're talking about. What's sad is that a lot of them have taken an option, that the state of Florida began offering a few years ago, where they could take their retirement out and put it in the market. They have given up a guaranteed retirement! Just a month ago, they were bragging about how much money they were making but lately they've been real quiet.
A few of them have asked me for my advice and I have asked them why they would give up something that is guaranteed and put it all on the line? It's crazy! I've told them over and over that they can invest 10% of their income while keeping the retirement safe. I've always heard that you should pay yourself first, before you pay anybody else. This plan has worked great for me.
It just so happens that our Governor is Jeb Bush...hmmm, Jeb changes retirement and George Bush changes Social Security. What's up with these Bush boys? Could they be saving the government money at the expense of the unkowing people? I believe so. Don't get me wrong, I have dealt with Jeb Bush, personally, and I consider him to be a fine individual who would do anything to help you, but I don't agree with him giving people false hope. I believe George Bush is also setting the masses up for dissapointment.
Social security privitization will be great for me, but will be a disaster for many others.
Disclaimer:
...this has been a commentary from Websman...Those views expressed by Websman do not neccessarly reflect those of the administrators and members of mrmarketishuge.com
It's funny watching my fellow co-workers talk about the market and their mutual funds. They get excited about their profits on an up day and want to pull it all out on the down day claiming the market is doomed. What's funny is that I'm listening to what they say, knowing full good and well that they have no clue what they're talking about. What's sad is that a lot of them have taken an option, that the state of Florida began offering a few years ago, where they could take their retirement out and put it in the market. They have given up a guaranteed retirement! Just a month ago, they were bragging about how much money they were making but lately they've been real quiet.
A few of them have asked me for my advice and I have asked them why they would give up something that is guaranteed and put it all on the line? It's crazy! I've told them over and over that they can invest 10% of their income while keeping the retirement safe. I've always heard that you should pay yourself first, before you pay anybody else. This plan has worked great for me.
It just so happens that our Governor is Jeb Bush...hmmm, Jeb changes retirement and George Bush changes Social Security. What's up with these Bush boys? Could they be saving the government money at the expense of the unkowing people? I believe so. Don't get me wrong, I have dealt with Jeb Bush, personally, and I consider him to be a fine individual who would do anything to help you, but I don't agree with him giving people false hope. I believe George Bush is also setting the masses up for dissapointment.
Social security privitization will be great for me, but will be a disaster for many others.
Disclaimer:
...this has been a commentary from Websman...Those views expressed by Websman do not neccessarly reflect those of the administrators and members of mrmarketishuge.com
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