America's 401K
By Johnny You
24 Jun 2025 5:54 am in No Holds Barred Political Forum
25 Jun 2025 9:19 am
The photo looks nothing like him.Blackvegetable » 25 Jun 2025, 9:03 am » wrote: ↑ Why doesn't the very sensitive and litigious Grifty not do so?
You are quite possibly the only person on the face of the Earth insane enough to be posting this photo and insisting it is Trump.
I am quite sure that no other person on the face of the Earth has posted that photo as many times as you have...
so naturally Trump has bigger fish to fry than to be upset by your totally insane and inane posts on various internet forums.
25 Jun 2025 9:23 am
You're **** idiot..*GHETTOBLASTER » 25 Jun 2025, 9:19 am » wrote: ↑ The photo looks nothing like him.
......
so naturally Trump has bigger fish to fry than to be upset by your totally insane and inane posts on various internet forums.
Grifty has a storied history of frivolous litigation...he wouldn't hesitate..
But he won't....because it is him.
25 Jun 2025 9:27 am
Justifiably angry? No one is forcing them to lose money.LowIQTrash » 25 Jun 2025, 8:25 am » wrote: ↑ $50K back in the 1990s is like $135K today
Don’t feel bad. Lots of people on Twitter are failing to make money in this current PONZI scheme and are justifiably angry
I had no one to blame but myself. Kind of blew it as the bulk of that $50k was a windfall from shares of an ESOP that sold out.
Live and learn!
25 Jun 2025 9:38 am
Ok, so we're at least seemingly talking about the same thing. Actual knowledge. I've had some experience with this. Here's what my experience has been with individuals who truly have deep investment knowledge:Blackvegetable » 25 Jun 2025, 9:15 am » wrote: ↑ You miss mine.
I'm not talking about the dumb **** reformed insurance peddlers do to fulfill their KYC requirements....I'm talking about actual knowledge.
- They typically start out as a CPA for Deloitte, EY or KPMG.
- They eventually find a job with a cutting-edge company and eventually become CFO
- Or, they open their own accounting firm and grind away but learn from businesses they become involved with, eventually discovering financial cash-cow
- Or, they are rocket-scientists (I mean this literally) with MBA's who have a knack for start-ups and turn-a-rounds.
I don't know if these are the type of people you are alluding to. These are the type of people that I know. They are not professors. They are not theorists. They were smart enough to be accepted into the "Club" and cut their teeth on real, money-making businesses before going off on their own. They understand modeling, statistics and analyzing data sets; but they know much more beyond that. The problem with them is that they become very successful and rarely need investors anymore. None of them are going to explain "risk" to anyone! If you can't keep up intellectually, they don't want anything to do with you. I actually had one of them speak this aloud to me (comment was not directed to me).
25 Jun 2025 1:41 pm
Majority of investors are too unskilled to make money in short term swing tradesFuelman » 25 Jun 2025, 9:27 am » wrote: ↑ Justifiably angry? No one is forcing them to lose money.
I had no one to blame but myself. Kind of blew it as the bulk of that $50k was a windfall from shares of an ESOP that sold out.
Live and learn!
They should follow Papa Buffett’s actions, not words…Buffett is sitting on the highest pile of cash in history
25 Jun 2025 1:42 pm
JohnnyYou
COMMUNIST ANTHEM
Your 401K is in my hand, and now its my 401K
From California to the New York island
From the Redwood Crips to the Gulf Stream Bloods
This 401K must be shared by you and me
As I drove that ribbon of highway
The Democrats taxed me for the endless skyway
I saw below me that golden bureaucracy
This 401K must be shared by you and me
I begged and panhandled, change thrown at my footsteps
From the working hands and business owners
All around me, a voice was a-sounding
Your 401K will be paid to me
25 Jun 2025 1:54 pm
Recall when Obama the Magic Negro uttered “Spread the wealth” on the campaign trail in 2008.
@Blackvegetable laughed at the conjobs who lost their marbles and started screaming about SOSHULIZM
25 Jun 2025 2:01 pm
Obama was the quintessential Marxist. Joe Biden was a sleepy fake.LowIQTrash » 25 Jun 2025, 1:54 pm » wrote: ↑ Recall when Obama the Magic Negro uttered “Spread the wealth” on the campaign trail in 2008.
@Blackvegetable laughed at the conjobs who lost their marbles and started screaming about SOSHULIZM
25 Jun 2025 2:22 pm
Blackvegetable » 25 Jun 2025, 9:03 am » wrote: ↑ Why doesn't the very sensitive and litigious Grifty not do so?
he’s too busy cleaning up plugs n jugs messes
25 Jun 2025 3:47 pm
?????Skans » 25 Jun 2025, 9:10 am » wrote: ↑ You miss the point entirely. I have heard countless advisors give their obligatory, learned-it-from-their-liability-lawyers, speech on risk. What I want to know is what can they do that any other advisor who has access to Morgan Stanley, Chase, Wells, Ameriprise, Merrill, or some other Quack-In-The-Box back-office "team" can't do? That's what people really want to know, right?
If an "Advisor" (stock picker) starts out by explaining "risk", that tells me that he's as green and inexperienced as a wet turnip, probably got his daddy to fund buying out some old-man broker's book of business.
My financial advisor is not a stock picker. He manages a portfolio of all the usual suspects. Our risk tolerance and other financials help him determine where we need to be invested. i could be wrong but I think BV was alluding to managed accounts.
Now my guy would be more than happy to open an additional brokerage account (and even recommend certain stocks) but that's 100% on you.
Our Advisor spent 15 years at Wells Fargo Bank. He got burned out screwing people over verses helping them out so made a change. He's had his own Ed Jones office for ten years.
I will humor you guys with my current portfolio targets.
Medium Risk (current split 69/31)
Balanced Toward Growth
Long term average 5.44%-7.69% (after fees)
Yearly Volatility -15% to +28%
it's not a get rich quick scheme!
25 Jun 2025 4:04 pm
No, he's likely not a stock picker. He relies on a team of unknown, unheard from "portfolio analysts" to do that for him. He is a glorified salesman with enough knowledge about the lingo and environment he works in to convince others he can put the perfect portfolio of investments together to match your personality. Personally, I prefer to work with people that aren't ashamed of being actual "stock pickers".Fuelman » 25 Jun 2025, 3:47 pm » wrote: ↑ ?????
My financial advisor is not a stock picker. He manages a portfolio of all the usual suspects. Our risk tolerance and other financials help him determine where we need to be invested. i could be wrong but I think BV was alluding to managed accounts.
Wells Fargo Bank? That's not necessarily useful in the field of stock picking. Not that I don't have respect for good bankers, I do. A good banker can be worth his weight in silver - I never viewed bankers are people who screw anyone over. However, I'd be more impressed if he owned his own brokerage at Wells Fargo Advisors (Wells' Investment Advisors division which is separate from their Banking division, in essence stock pickers).Our Advisor spent 15 years at Wells Fargo Bank. He got burned out screwing people over verses helping them out so made a change. He's had his own Ed Jones office for ten years.
Its what they all try to sell you, just know that. I'm not giving you professional advice here; what you've got can work just fine. I assume the 70/30 split is between stocks and fixed income? You understand that risk really has nothing to do with your split between equity and bonds/bond funds. If your 30% was in Puerto Rican bonds that would throw you into a very high risk (just exited bankruptcy) portfolio. Most folks get this confused.I will humor you guys with my current portfolio targets.
Medium Risk (current split 69/31)
Balanced Toward Growth
Long term average 5.44%-7.69% (after fees)
Yearly Volatility -15% to +28%
it's not a get rich quick scheme!
25 Jun 2025 5:22 pm
I'd like to think it takes a bit of knowledge to get credentials for the field. I have no idea what the survival rate is as of course it relies on personal skills that have nothing to do with finances.Skans » 25 Jun 2025, 4:04 pm » wrote: ↑ No, he's likely not a stock picker. He relies on a team of unknown, unheard from "portfolio analysts" to do that for him. He is a glorified salesman with enough knowledge about the lingo and environment he works in to convince others he can put the perfect portfolio of investments together to match your personality. Personally, I prefer to work with people that aren't ashamed of being actual "stock pickers".
Wells Fargo Bank? That's not necessarily useful in the field of stock picking. Not that I don't have respect for good bankers, I do. A good banker can be worth his weight in silver - I never viewed bankers are people who screw anyone over. However, I'd be more impressed if he owned his own brokerage at Wells Fargo Advisors (Wells' Investment Advisors division which is separate from their Banking division, in essence stock pickers).
Its what they all try to sell you, just know that. I'm not giving you professional advice here; what you've got can work just fine. I assume the 70/30 split is between stocks and fixed income? You understand that risk really has nothing to do with your split between equity and bonds/bond funds. If your 30% was in Puerto Rican bonds that would throw you into a very high risk (just exited bankruptcy) portfolio. Most folks get this confused.
Those background "nobody's" have a track record within the large investment firms. Literally thousands of analysist doing the work so a guy can get a good night's sleep.
Here's the sales pitch from Jones, sounds reasonable to me.
Edward Jones generally expects long-term returns to range from 5.5% to 7.5% for diversified U.S. equities and 7% to 9% for diversified international equities, with fixed-income investments averaging 3% to 4.25%. The firm's Stock Focus List has historically shown an average annual total return of 9.6% since inception in 1993, compared to 9.5% for the S&P 500. However, individual investor returns can vary based on factors like investment choices, time horizon, and risk tolerance.
Blah, blah, blah.
There is no right way or wrong way when it comes to investing as long as your goals are reached.
25 Jun 2025 5:49 pm
Sung to Simon and Garfunkel's Sound of Silence?
Achmed is gonna love it lol. Darkness has always been his friend.
Your Numero Uno of 12 Notf's. Best Day Skams..
DUMP THE TRUMP SLUMP 2026!
Bump Caps Recommended..
Bump Caps Recommended..
26 Jun 2025 7:45 am
Generally speaking I sort of agree with you. Maybe I didn't make my point clear. The truth is there really are people who have figured out how to make millions making "bets" based on their analysis of one or several investments. These people are extremely bright. They are completely immersed in what they are doing. And, they work for themselves or a very select few investors. You won't know who they are, unless you just happen to personally know them. They're not famous, don't put on seminars and don't speak to large groups of investors - quite the opposite. They do everything they can to fly under the radar.Fuelman » 25 Jun 2025, 5:22 pm » wrote: ↑ I'd like to think it takes a bit of knowledge to get credentials for the field. I have no idea what the survival rate is as of course it relies on personal skills that have nothing to do with finances.
Those background "nobody's" have a track record within the large investment firms. Literally thousands of analysist doing the work so a guy can get a good night's sleep.
Here's the sales pitch from Jones, sounds reasonable to me.
Edward Jones generally expects long-term returns to range from 5.5% to 7.5% for diversified U.S. equities and 7% to 9% for diversified international equities, with fixed-income investments averaging 3% to 4.25%. The firm's Stock Focus List has historically shown an average annual total return of 9.6% since inception in 1993, compared to 9.5% for the S&P 500. However, individual investor returns can vary based on factors like investment choices, time horizon, and risk tolerance.
These people are bright enough to know that their money-making cow will only produce for so long, until industry conditions change (and they will change), and they are out to milk it for everything while they can. The really smart ones know when something is coming to an end and they choose not to fight it. They quietly wind down their investments and park their huge winnings until they uncover another opportunity. I knew one that made more money than he ever imagined. Rich and bored, yet still highly skilled, it took him years to put a group of investors together to crank up an unlikely investment beyond everyone's expectations and then cash out. Another successful CPA, essentially spent a lifetime looking for the big cash cow, finally found a juicy one that rather quickly made him wealthy.
What are your goals? To accumulate enough assets to where you don't have to worry about money any longer? Do you stop when you get there? Can you stop if/when you get there? If you have trained all your life to run a marathon, enter a 10K and do better than expected, would you stop there?Blah, blah, blah.
There is no right way or wrong way when it comes to investing as long as your goals are reached.
26 Jun 2025 10:14 am
I believe you, if you can rub elbows with those types of investors by all means do so. Most of the people I know are broke or close to it. The few wealthy people I know didn't make their money in the markets.Skans » 26 Jun 2025, 7:45 am » wrote: ↑ Generally speaking I sort of agree with you. Maybe I didn't make my point clear. The truth is there really are people who have figured out how to make millions making "bets" based on their analysis of one or several investments. These people are extremely bright. They are completely immersed in what they are doing. And, they work for themselves or a very select few investors. You won't know who they are, unless you just happen to personally know them. They're not famous, don't put on seminars and don't speak to large groups of investors - quite the opposite. They do everything they can to fly under the radar.
These people are bright enough to know that their money-making cow will only produce for so long, until industry conditions change (and they will change), and they are out to milk it for everything while they can. The really smart ones know when something is coming to an end and they choose not to fight it. They quietly wind down their investments and park their huge winnings until they uncover another opportunity. I knew one that made more money than he ever imagined. Rich and bored, yet still highly skilled, it took him years to put a group of investors together to crank up an unlikely investment beyond everyone's expectations and then cash out. Another successful CPA, essentially spent a lifetime looking for the big cash cow, finally found a juicy one that rather quickly made him wealthy.
What are your goals? To accumulate enough assets to where you don't have to worry about money any longer? Do you stop when you get there? Can you stop if/when you get there? If you have trained all your life to run a marathon, enter a 10K and do better than expected, would you stop there?
Do you put money into ETF's, closed end funds, mutual funds, bond funds in addition to individual stock picks?
We are spread out in 29 funds, there are a few duplicates between the two accounts (wife and I).
I can't imagine how long it would take to put all those funds together as an individual stock picker, beyond my capabilities for sure. The advantage of working with an Advisor.
The goal was a 7 digit combined retirement accounts. Haven't made it there yet. If the Advisor numbers hold at 5-8% per year, in 3-5 years that goal will be met. Of course we can't stop there cause the **** moved the goal posts to $2 million to be truly secure. Our Advisor actually told us to spend more money, you can't take it with you.
I hope you find that one investment that really is life changing, it can be done.
A note about America's 401k's, some of them are real dog ****.
I actually got my previous employer to change their 401k plan once I showed them one of my other retirement accounts. The returns don't lie. Put together a comparison spreadsheet and sent it up the chain of command and posted for all employees to see. The employee response was pretty amazing, they had no idea they could be doing much better. I'm not normally the squeaky wheel but in this case it was definitely hampering my goals.
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