2016 Postmortem

Rozlee

(2,529 posts)

17. Like the song and gravity say...

Mon Sep 23, 2013, 12:57 PM

Sep 2013

What goes up, must come down. Is this another bubble? This is wealth creation with the benefits being concentrated at the top and no investment in growing the economy and creating employment to show for it. Corporations and banks are sitting on the greatest profits they've had since the Gilded Age. Which means that a lot of speculation is going on. We've been down this road before not too long ago and seen what it's done. The so-called reforms that were instituted to keep it from happening again are a joke and have no teeth. The money-makers and money-movers weren't punished and were even given golden parachutes. They're smug and know Uncle Sugar will bail them out again because they have too many friends in government that they own that will make sure it happens. It's kind of scary to me.

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My 401K is up 711%. It dropped in value 67% under Bush -updated 1/20/2015- [View all] mikekohr Sep 2013 OP

Dropped 67% and then increased 527%? NoOneMan Sep 2013 #1

Standard managed funds mikekohr Sep 2013 #2

really. I dropped probably 70% under Bush - but since then have gained Laura PourMeADrink Sep 2013 #32

Mine didn't crash so much nor grow as much, but . . . MrModerate Sep 2013 #3

I'll be on the side of the Democratic Party. mikekohr Sep 2013 #4

I'm thinking the rift, when it comes . . . MrModerate Sep 2013 #23

What the heck do you have in there that went up 527%? avaistheone1 Sep 2013 #5

Well had I had a lot of cash floating around mid crash Fearless Sep 2013 #6

See Above. The reason it rose so much is that it fell so far. mikekohr Sep 2013 #10

I think I could rec this post a million times!! Thank you so much! Liberal_Stalwart71 Sep 2013 #15

There's a lot of difference between a 'standard managed fund' up 527%, and the DJ up 70% muriel_volestrangler Sep 2013 #16

Since January 21, 2009 to be exact nt mikekohr Sep 2013 #18

A standard managed fund has grown at 47% a year for 4 years nine months? muriel_volestrangler Sep 2013 #20

The increase includes my contributions and my employer's contribution and match mikekohr Sep 2013 #21

I hate to tell you this, JayhawkSD Sep 2013 #7

Unemployment is down from about 10.2% to about 7.3%. JoePhilly Sep 2013 #8

Are you going to blame the Republicans at all? They're the ones who are obstructing Liberal_Stalwart71 Sep 2013 #9

Great Post Liberal_Stalwart71 mikekohr Sep 2013 #12

My day to run around after you typing JustAnotherGen Sep 2013 #14

Thank you Captain Obvious, let me correct some assuptions you made out of thin air mikekohr Sep 2013 #11

+1 JoePhilly Sep 2013 #13

+1000000000000000000000000000 YoungDemCA Sep 2013 #27

To Liberal Stalwart et al JayhawkSD Sep 2013 #28

Working People Are the First To Feel the Pain of An Economic Meltdown, and the Last mikekohr Sep 2013 #29

And how is that in any way a response to what I said? JayhawkSD Sep 2013 #31

Like the song and gravity say... Rozlee Sep 2013 #17

Rozlee, the dramatic increase in wealth for those with 401K's is but one mikekohr Sep 2013 #19

But 401k's are EVIL... brooklynite Sep 2013 #22

I'd rather have a safe, secure, fully funded defined benefit pension mikekohr Sep 2013 #24

Always go long under D Admin and go short or buy Gold under R Admin Rfarmer Sep 2013 #25

If the Republicans don't get their way with Obamacare we may doc03 Sep 2013 #26

Republicans don't need to hold the WH to screw up the economy mikekohr Sep 2013 #30

I have about fifteen bucks total. Norrin Radd Oct 2013 #33

Update to thread, My 401K is now up 711% mikekohr Jan 2015 #34