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Post by amoeba15 on Sept 17, 2009 9:30:43 GMT -5
When EF Amoeba talks... My personal Rate of Return from 01/01/2009 to 09/16/2009 is 29.4% . Woooo Hoooo!!! Investments & their returns are doing exceptionally well during the Obama Administration.  |
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Post by gopackgo2000 on Sept 18, 2009 2:11:55 GMT -5
Wow!! Up from a low...shocking!!! Plus if you are contributing to it you were buying when the market was low and therefore you bought a lot more shares per dollar invested...when there is an up tick you will see quicker returns.
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Post by TW on Sept 18, 2009 8:04:54 GMT -5
What Amoeba probably forgot to mention in his statement was that the value of his 401K had plummeted to about 30% of what it's true value was in cash outlay on his contributions, due to the market. Even if it goes up another 30% over the next 9 months, he won't be back to where he was for a year and a half... at best.
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Post by amoeba15 on Sept 18, 2009 8:57:10 GMT -5
What Amoeba probably forgot to mention in his statement was that the value of his 401K had plummeted to about 30% of what it's true value was in cash outlay on his contributions, due to the market. Even if it goes up another 30% over the next 9 months, he won't be back to where he was for a year and a half... at best. I know, I know -- freakin Bushwhacker.  Several of the employees at my law firm shifted their funds to safer investments and since I was not sooooo concerned at the time, I learned a valuable lesson. I honestly did not believe that my 401 K investments would suffer such HUGE losses, especially because we have a Republican president.  Another reason why I can not stand the Bushwhacker and ying yang carpet bagging Republicans. However, when Obama, who I COMPLETELY TRUST, took office, I chose investments with higher risks and the highest returns. I figured that after suffering through 8 years of the worst president in US history, Americans were due for HUGE financial rewards and compensation. |
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Post by packerconvert on Sept 20, 2009 15:01:16 GMT -5
Anyone who has an elementary understanding of the markets and 401K's knew the 401's would recoup their value after a suppressed dow jones. It cracks me up how Obama is lauded for something that was inevitable to happen. Wil you be lauding Obama for the Mississippi flowing southward soon? |
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Post by amoeba15 on Sept 20, 2009 15:58:32 GMT -5
PC, welcome back. "Wil you be lauding Obama for the Mississippi flowing southward soon?"  |
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Another reason why I can not stand the Bushwhacker and ying yang carpet bagging Republicans.