tag:blogger.com,1999:blog-11719208.post2583701028340758741..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: The losses of a Money Magazine portfolioTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11719208.post-4297500123456118432009-01-08T18:44:00.000-08:002009-01-08T18:44:00.000-08:00The WSJ story has a good history of the 401k - it ...The WSJ story has a good history of the 401k - it was never intended to be what it is. <BR/><BR/>Those Stable Value Funds (Guaranteed Income Funds) are one of the best things going for 401ks in the years ahead since you won't get much more than a percent or two on money markets.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-15199896782696982762009-01-08T18:27:00.000-08:002009-01-08T18:27:00.000-08:00I have a friend who kept putting his 401K into wha...I have a friend who kept putting his 401K into what was called a Guaranteed Income Fund, which had the lest risk and always paid out at least 6%. He kept putting his money in this for almost twenty years with a company match and along the way, he missed the dotcom bubble and housing bubble and literally, is having the last laugh with his million bucks! People gave him so much crap for not getting stocks and playing the market .... now he has to go buy another house for pennies on the dollar... sad story, huh!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-71518769215076841572009-01-08T11:19:00.000-08:002009-01-08T11:19:00.000-08:00It used to be the company invested the money with ...It used to be the company invested the money with a pension provider who made the investment decisions. Workers received defined benefits, and the company made the contributions. This system has obvious limitations and needed to go away, but why didn't the system shift from defined benefit to defined contribution only? Why did it jump all the way to total individual responsibility? It makes no sense.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-84918081346267255302009-01-08T10:38:00.000-08:002009-01-08T10:38:00.000-08:00Money Magazine was good when it started, but lost ...Money Magazine was good when it started, but lost its mojo as badly as Cramer. I quit reading it ages and ages ago.<BR/><BR/>I don't think it matters too much how your were invested, in this economy you lose. There's no safe haven anymore. My answer has been to keep my friends close, and kick my enemies the hell out of office. Too bad more Americans didn't wake up sooner to the Bush/Greenspan disaster plan. Creating them, that is.donnahttps://www.blogger.com/profile/00762690167864156774noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-81470561771652711752009-01-08T10:27:00.000-08:002009-01-08T10:27:00.000-08:00Someone or some group has a lot to answer for it w...Someone or some group has a lot to answer for it would seem.......Anonymousnoreply@blogger.com