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which path would you take if you was just 28 years old

401k

[ 13 ]

[ 81.2% ]

Scratchoffs

[ 3 ]

[ 18.8% ]

Total valid votes

[ 16 ]

Discarded votes

[ 4 ]

Ilovecash3

United States
Member #150,363
December 20, 2013
451 Posts
Offline

Mar 30, 2014, 7:18 pm

Quote: Originally posted by kapla on Mar 30, 2014
Yea and I watched my 401k EXPLODE from 2008 to now. I had rebalanced in 2006 to put 80% in fixed income so didn't take much of a hit on 2008. I am still working so still putting $$ in. I have done VERY well since 2008, and I am VERY happy I am invested in it. So you SCAREMONGERS can just hide on the sidelines while the rest of us CASH IN!

Shout out to our wonderful President Barrack Obama
veganlife125

United States
Member #142,771
May 18, 2013
263 Posts
Offline

Mar 30, 2014, 9:11 pm

Quote: Originally posted by kapla on Mar 30, 2014
Yea and I watched my 401k EXPLODE from 2008 to now. I had rebalanced in 2006 to put 80% in fixed income so didn't take much of a hit on 2008. I am still working so still putting $$ in. I have done VERY well since 2008, and I am VERY happy I am invested in it. So you SCAREMONGERS can just hide on the sidelines while the rest of us CASH IN!

Remember gains aren't gains unless you have sold and paid the taxes. Timing the market to get out before the central bank reverses policy is tough. The big players will react quick and punish any unrealized gains. Jill might have some insights on this stuff for you. Your right it was right to be in the market as of late so congrats.

Don't forget to visit the Lottery Post Gift Shop!
Jill34786

Windermere, FL/Franklin, TN
United States
Member #50,208
March 1, 2007
843 Posts
Offline

Mar 30, 2014, 9:48 pm

Quote: Originally posted by Ilovecash3 on Mar 30, 2014
Shout out to our wonderful President Barrack Obama

If that's the case then why are the majority of his supporters still living below the poverty level?

** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **
maringoman

Massachusetts
United States
Member #37,432
April 14, 2006
2,747 Posts
Offline

Apr 1, 2014, 8:34 pm

Quote: Originally posted by Ilovecash3 on Mar 30, 2014
Shout out to our wonderful President Barrack Obama

He has proven to have the ability to run circles around the Republicans, IDK how he does it TBH. He has passed a law that no other president going back 40 years has been able to pass. That $17T in national debt is scary.

That money's gone fo ever
Artist77

United States
Member #121,739
January 16, 2012
8,843 Posts
Offline

Apr 1, 2014, 8:42 pm

I heard the animals were fleeing Yellowstone. But... it was due to the Obamas planning to vacation there. lol
LottoMomma

Michigan
United States
Member #100,021
November 4, 2010
176 Posts
Offline

Apr 2, 2014, 1:09 am

Quote: Originally posted by Ilovecash3 on Mar 26, 2014
After looking at the tiny profit my 401k makes and all the tax penalties for withdrawing
Early I decided its better to just play $10 scratchoffs

Anyone else hope to use Lotto for their retirement income

Don't we all.. I mean scratch offs are certainly more fun! And who knows.. look at all the people I see that win big on scratch offs!

If nothing else buy silver if you can't afford GOLD ! LOL

LM
Win$500Quick

Get Yours

Florida
United States
Member #77,813
August 1, 2009
7,831 Posts
Offline

Apr 2, 2014, 10:09 am

Always go with the 401K and take advantage of the employer match. You will have money at retirement age. There is no guarantee if any of us will ever win a jackpot.
Ilovecash3

United States
Member #150,363
December 20, 2013
451 Posts
Offline

Apr 2, 2014, 11:10 am

Quote: Originally posted by Jill34786 on Mar 30, 2014
If that's the case then why are the majority of his supporters still living below the poverty level?

And that matters because????????
Drenick1

USA
United States
Member #152,792
February 25, 2014
1,111 Posts
Offline

Apr 2, 2014, 10:04 pm

Quote: Originally posted by maringoman on Apr 1, 2014
He has proven to have the ability to run circles around the Republicans, IDK how he does it TBH. He has passed a law that no other president going back 40 years has been able to pass. That $17T in national debt is scary.

I don't think Obama or any of his supporters really care about the national debt. Their logic is that it's the responsibility of future generations and not them.
Drenick1

USA
United States
Member #152,792
February 25, 2014
1,111 Posts
Offline

Apr 2, 2014, 10:19 pm

Quote: Originally posted by Ilovecash3 on Mar 30, 2014
Shout out to our wonderful President Barrack Obama

Shout out for what?

Redistribution of wealth?

Adding more to our national debt than all the previous Presidents before him?

Providing some form of entitlement to nearly 45% of the population?

Having the majority of other nations lose respect for the USA?
Drenick1

USA
United States
Member #152,792
February 25, 2014
1,111 Posts
Offline

Apr 3, 2014, 6:20 am

Quote: Originally posted by Ilovecash3 on Apr 2, 2014
And that matters because????????

I don't think it even matters. Politicians will always buy votes by promising handouts and as we have already witnessed it seems to work.
Drenick1

USA
United States
Member #152,792
February 25, 2014
1,111 Posts
Offline

Apr 3, 2014, 6:24 am

Quote: Originally posted by Jill34786 on Mar 30, 2014
If that's the case then why are the majority of his supporters still living below the poverty level?

With a government that loves to redistribute wealth why would these folks ever want to work? As long as they get freebies, living below the poverty level doesn't matter.

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