To the Gordon Gekkos of the world.........

[chippa13 1844]

Stop fucking with my retirement!!!!!!

[JR97 2]

Gordon Gecko got out of the markets last year.

[troy 12]

There were so many more people than the Gordon Gekko's fucking your retirement it qualified as a gangbang.

[mack 44]

I honestly don't know anyone near my age who's thought of the SS being around by the time we retire. Every time I contribute to it, I'm so glad my mother got me a Roth IRA when I was in school.

[Wolverine 0]

Solving the "Gordon Gecko" problem is not hard:

Get Some!!!

[chippa13 1844]

I honestly don't know anyone near my age who's thought of the SS being around by the time we retire. Every time I contribute to it, I'm so glad my mother got me a Roth IRA when I was in school.

It is my 401k and other retirement monies that they're killing. Dow dropped a touch today when all the speculators cut and ran.

[ponty 0]

The issue with our economy for the longest time is that it has been consumer / credit based and little else.

This was long overdue and unfortunately we will all have to pay in the long and short term. I hope the good news out of all of this is the "you" the consumer will become more debt concious and live within your means. None of this would have been possible without an uneducated consumer.

Yes Wallstreet is at issue be the consumer is equally at faullt.

[aliebe 0]

Stop fucking with my retirement!!!!!!

We are all feeling the pain. But here is where the smart money comes out ahead. Take this opportunity to increase your contributions to your 401K. You are investing in heavily diversified mutual funds. Pouring more money in now, will increase your returns later.

[chippa13 1844]

With the lack of confidence in the market, not just this month but for the last year or two, 401k's are sinking along with the market. Sure, diversification is supposed to insulate the investor from some of the market volatility but eventually the market pulls them down too.

[eric42434224 1]

If you are ten or more years away from retirement, the market downturn is GOOD for you. Smart money buys when the market is down. You cant touch the money now, so you haven lost a penny....still the same number of shares, but you can buy them cheaper now.

[aliebe 0]

With the lack of confidence in the market, not just this month but for the last year or two, 401k's are sinking along with the market. Sure, diversification is supposed to insulate the investor from some of the market volatility but eventually the market pulls them down too.

Yes, they get pulled down. But they will also go up again. When is it the best time to buy? When prices and valuations are low. Buy putting more money away now, you will increase the returns in the future. Any money put in the past 2 years was buying at the top. Now that the market is correcting and approaching a bottom, this is a buying opportunity. Hedge funds are liquidating positions which is creating some nice entry points for individual investors.

DON'T PANIC! BE SMART! Remember: Buy Low, Sell High

[wildebeest 0]

I'm just glad I'm going to work until I die young. That's really the best plan.

[JR Boucicaut 3802]

"We're gonna kill those mother*******! We're gonna kill them!"

DON'T PANIC! BE SMART! Remember: Buy Low, Sell High

[aliebe 0]

"We're gonna kill those mother*******! We're gonna kill them!"

DON'T PANIC! BE SMART! Remember: Buy Low, Sell High

Beeks! Beeks! Where in the hell is Beeks?

And in the interest of full disclosure...I am a FINRA (www.finra.org) registered rep (series 7 & 66). My recommendations are generic in nature. Any specific questions should be directed to your personal broker or Certified Financial Planner

[chippa13 1844]

On the plus side, I'm not retiring for some 30 years. By then, perhaps I'll have recovered what the market has lost me over the last 8 years.

[aliebe 0]

You absolutely will. Just remember me when you retire and the value of your portfolio has increased by 70% by buying at the bottom

[ponty 0]

You absolutely will. Just remember me when you retire and the value of your portfolio has increased by 70% by buying at the bottom

I agree with what you are saying but a word of caution. ALWAYS and I mean ALWAYS have a cash reserve that is liquid and easy to get to in case you need it. Never put everything in the market.

[aliebe 0]

That goes without saying. Everyone should have at least 6 mos cash reserves in case of emergency.

[D-MaN88 0]

Alright, here's a question for us younger folk out there. I'm 20 years old and am wondering what is suggested for a person of my age?

I don't make a lot of money, well I don't really make much at all with school but I would like to start something to start putting some money away and back before I graduate and start working and am able to put more in.

I'm just wondering if there are any things I can do now that are feasible and worthwhile to maybe get a head-start.

I mean, some have only a few years left to work, some still have a good amount of time, if the retirement age stays the same, I'm looking at 40+ years of work left before I hit my retirement age (at the earliest). I don't even want to think about what the market could possibly be like when I hit possible retirement years. I'd like to get started as soon as possible doing whatever I can to start securing a financially safe future if at all possible.

[aliebe 0]

First and foremost, don't think about what the market will be like when you retire. When you get to that age, most of your money should be in bonds or other principal protected products. With your age, you can afford to take some risk. I would look into growth based mutual funds or ETF's. But invest lightly at this point. This market poses a lot of risk to all but the saviest investor.

Don't look at a funds past performance. Look at what the funds are investing in. A short safe play is consumer staples (think toilet paper, food, etc). They are defensive by nature because regardless of economic conditions, people will continue to buy their products.

[AnthonyJTa 0]

"We're gonna kill those mother*******! We're gonna kill them!"

Such a GOOD movie.. "Lionel!"

[JR Boucicaut 3802]

"We met at the Haile Selassie Pavilion!"

[aliebe 0]

Those men wanted to have sex with me!

When I was growing up, if we wanted a Jacuzzi, we had to fart in the tub.

[D-MaN88 0]

First and foremost, don't think about what the market will be like when you retire.

I should have made it more clear. It's not really a thought of what the market will be like when I'm at that age for what I'm going to do now and over my working career, it's just a thought for the time being.

Also, thanks for the advice. I'll have to check into all of this soon as I've been wanting to do it for awhile now, but like everything else gets pushed back because of school.

[aliebe 0]

The fundamentals of investing haven't changed. Young people can absorb more risk. A well diversified portfolio of growth and income based stocks and mutual funds will provide the best return over time. When it comes to mutual funds, again, look at what they are investing in. 3 mutual funds that are heavy on financials is not well diversified.