October 22, 2011 at 1:39 am
#736761
kootchman
Member
BTY… one more time… you 401K fanatics… it’s a house of cards… and if you have one with stocks… ya got a speculative instrument… betting on the rise in price…. one thing counts.. dividend income. Cash in the hand…. a 401 based in mutual funds is no different than buying a 57 Chevy and hoping someday in the future someone may want to purchase it for more. Phantom wealth until ya sell it. If you are invested in stocks that can pass along inflation… like the food conglomerates… you will do well. For those who can’t …competitive companies like cars… ouch!