Black Money Business Jobs : Replacing one loser with another ....

Discussion in 'Black Money Business Jobs' started by Shikamaru, Jan 30, 2012.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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  2. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    Managed pension systems are the best for the employees
     
  3. blackisbeautiful

    blackisbeautiful Banned MEMBER

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    So, if my understanding is correct, you're saying 401Ks are bad? If so, what other forms of investing would you suggest for our people?
     
  4. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    401ks require the individual to monitor and in vest them. Thus, in that most people arent brokers, they only get the minimum gain


    .
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Self-managed is best for me.
     
  6. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    I recommend learning the difference between investing and trading, what the different vehicles are out there, and create a plan for yourself of how one's money should be managed and income acquired..

    For basics, get out of debt; make sure your house has no mortgage; 4 years worth of food stored up; and a surplus of clothes and tools.

    At that point, now you can invest or trade.

    Now many people have no interest in the items recommended above.
    There are more than enough paid professional out there willing to do it all for you.
     
  7. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Let's look at this another way ...

    I'm not saying 401(k)s or a government run pension plan is bad, however let's look at the risks.

    What will you do if this 401(k) or pension is seized by government like gold was seized in 1933?
    What will you do to protect this 401(k) or pension from inflation?
    What will you do to protect this 401(k) or pension from loss of value due to the markets?
    Does a 401(k) or pension work or fit into your investment plans?

    With anything selected, you want to take stock of the strengths and weaknesses of the vehicle as well as mitigation strategies for inherent risks.

    Let's diversify into other asset classes which may include a 401(k) or pension.
     
  8. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    Are you a broker?

    .
     
  9. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    I am not nor would I want to be one.

    I'm all about what produces dividends, cash flow, or appreciation.
    I'm about design and optimization.
     
  10. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    That generally requires doing homework that the majority dont take the time to do.
     
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