tag:blogger.com,1999:blog-11719208.post5072402785885046312..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Retirement planning gets harderTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11719208.post-78750877266693016082009-06-24T11:40:42.820-07:002009-06-24T11:40:42.820-07:00Yes, and so all those people who have switched to ...Yes, and so all those people who have switched to less risky investments are also going to get butchered alive. I mean do you really want to be in bonds or even cash when the latent inflation hits the fan? So they may think they are safer but they will also suffer. <br /><br />"More and more people seem to be resigning themselves to working until they drop dead, which, if you really like your job, isn't all that bad a plan.<br /><br />Of course, if you don't like what you do or if they show you the door long before you were planning to leave, it's not a very good plan at all."<br /><br />It still seems far and away the best plan to me. Get into a job you like where you can work for yourself. It's easier than becoming an investment expert if such things even exist.<br /><br />The way the country is run is f_cked up beyond belief, it seems the only sensible adjustmentAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-40719620777137395862009-06-24T06:53:17.444-07:002009-06-24T06:53:17.444-07:00Amen to that, Anon.
The government, through th...Amen to that, Anon. <br /><br />The government, through their manipulations of interest rates and money supply, have forced those of us who simply wish to be prudent to speculate to keep up with inflation. They've robbed our parents' generation by paying them paltry interest on their savings so they can reward their buddies in banking and construction and the auto industry with low interest rates so they can sell more of their stuff to gullible rubes. <br /><br />Now one has to "manage" his investments almost daily and tweak things to keep up with them markets just to survive. I feel sorry for those who just stuff it in mutual funds and don't look at it for a year at a time. They got raped last year. Thanks, Fed.Bruno Tnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-35550469113182182272009-06-24T06:32:12.107-07:002009-06-24T06:32:12.107-07:00When they lost confidence in the dollar, people sw...When they lost confidence in the dollar, people switched to homes as an inflation hedge (gold was illegal for decades). Get rid of that accursed inflation, and people will again be able to save for their retirement without speculating on volatile inflation hedges.Anonymousnoreply@blogger.com