I have all my 401k money in oil!

AND IM LOSIN MY ASS!
Lost 20% in the last 2 months.
That's what I get for not monitoring it.
Go check yours!
Oil stocks losing money, while the cost of plastic and oil is going thru
the roof?
I smell a rat.
Hey, anybody out there get matched 100%
I get 25% where I am, and I'm grateful, but 100% could make me think about
changing jobs.
Imagine saving 30% of your pay tax free. Wow.
But I'm not happy with the stock market, maybe compound interest savings
accounts is better? Are we being duped into thinking the stock market makes
ya more money?
Reply to
vinny
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I missed the Staff meeting, but the Memos showed that "vinny" wrote on Fri, 8 Aug 2008 02:21:07 -0400 in alt.machines.cnc :
Remember, the price of oil the commodity is the asking price for oil. Oil stock prices are the trading price of bits of the company. And as the saying goes, every stock deal has two people thinking they are the one making a smart decision.
Congress rat.
Democrats seem to feel that if a company makes money from a politically incorrect product, said company is wrong. Hence their desire to oil companies for making too much money. Never mind that the Oil companies have also had a record year for tax bills. Anyway, would you buy stock in a company which the Congress is likely to charge a surtax for being politically incorrect? Not much that Congress can do about OPEC, but it can fine the local gas station for being remotely connected. Who wants to own part of that?
Over the long haul, provided Congress and or the Government doesn't decide to get cute with the economy. There is a pretty strong argument that the New Deal extended the depression, slowed any recovery until after WW2 (I've heard as late as 1948). The big 'drag' was the inability to predict the future, due to the capricious and arbitrary nature of the regulations coming out of Congress and Washington D.C..
-- pyotr filipivich "I had just been through hell and must have looked like death warmed over walking into the saloon, because when I asked the bartender whether they served zombies he said, ?Sure, what'll you have?'" from I Hear America Swinging by Peter DeVries
Reply to
pyotr filipivich
I missed the Staff meeting, but the Memos showed that Black Dragon wrote on Fri, 8 Aug 2008 10:00:33 +0000 (UTC) in alt.mach>
So, when you buy tools, do you think you're gambling there as well?
There is a big difference between gambling and risk taking. Where there is a risk, there is a Plan B. A gamble is where there is no plan B.
law to pay out a minimum of 90% of
however, they're close else they wouldn't be able to compete for
So, when you by a ticket in the lottery, what rights and privileges does that convey when it comes to the running of the casino?
So if the price doesn't go up, your share of the company disappear? Me thinks you need to find a new broker. It's like real estate - it is always a good time to buy. It is not always a good time to sell.
Keeping your cash in a box under the floorboards is not an investment. Particularly when you factor in inflation. -- pyotr filipivich "I had just been through hell and must have looked like death warmed over walking into the saloon, because when I asked the bartender whether they served zombies he said, ?Sure, what'll you have?'" from I Hear America Swinging by Peter DeVries
Reply to
pyotr filipivich
Buy low. Sell high. Oh wait, you're high all the time bwwwaaaaaahhhhh
Reply to
ff
======== And another sucker- er -ah - investor, sees the light. On savings, be advised that inflation + taxes is always slightly more than any interest paid.
As a general rule there is no way to win in a rigged game unless you are running it, and there is always the probability that you will get mugged in the parking lot if you do manage to walk away with some money, such as buying investment property [i.e. eminent domain].
Unka' George [George McDuffee] ------------------------------------------- He that will not apply new remedies, must expect new evils: for Time is the greatest innovator: and if Time, of course, alter things to the worse, and wisdom and counsel shall not alter them to the better, what shall be the end?
Francis Bacon (1561-1626), English philosopher, essayist, statesman. Essays, "Of Innovations" (1597-1625).
Reply to
F. George McDuffee

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