Ken Lay is dead...

[ShaggyX]

I would imagine 401k's, CD's, and MM Accounts would be a safer...smarter way to go. Return isn't nearly as good, but you are less likely to lose everything. Personally...I would rather be in control of my retirement rather than leave it to chance. My money is in my matress.

[HummerNewbie]

Originally Posted by ShaggyX

My money is in my matress.

Sorry Shaggy, just saw on your local news about your house being on fire, that really sucks

[PARAGON]

Originally Posted by ShaggyX

I would imagine 401k's, CD's, and MM Accounts would be a safer...smarter way to go. Return isn't nearly as good, but you are less likely to lose everything.

That's just stupid!

Just as I expected. You seem to have this reverse idealogy with money matters, anyway.

[ShaggyX]

Why would a steady return, low risk savings be stupid, while higher return...higher risk savings be smart? Wouldn't consistent 5% return be safer/better than a 20% return that could turn into a -100% return? Seriously.

[KenP]

Originally Posted by ShaggyX

Why would a steady return, low risk savings be stupid, while higher return...higher risk savings be smart? Wouldn't consistent 5% return be safer/better than a 20% return that could turn into a -100% return? Seriously.

It's called diversifacation. A relatively new concept.

[HummBebe]

Originally Posted by ShaggyX

Why would a steady return, low risk savings be stupid, while higher return...higher risk savings be smart? Wouldn't consistent 5% return be safer/better than a 20% return that could turn into a -100% return? Seriously.

I think that thought process directly relates to your age....you talk estate planning/investing like your 75 j/k

[PARAGON]

Originally Posted by ShaggyX

Why would a steady return, low risk savings be stupid, while higher return...higher risk savings be smart? Wouldn't consistent 5% return be safer/better than a 20% return that could turn into a -100% return? Seriously.

I was referring to YOU being stupid. A 401K is nothing like a MM account or a CD which are both banking products.

One of the reasons so many people are pissed off about the Enron deal is that much of the Enron employees' 401Ks were vested in Enron stock.

[dеiтайожни]

This movie is funny.

[CO Hummer]

Originally Posted by ShaggyX

I would imagine 401k's, CD's, and MM Accounts would be a safer...smarter way to go. Return isn't nearly as good, but you are less likely to lose everything. Personally...I would rather be in control of my retirement rather than leave it to chance. My money is in my matress.

Shaggy,
You'll be set up nicely with your military pension. Don't worry about it.