Obama needs to ADDRESS the country........

[GeoFisher]

He NEEDS to tell investors that he will NOT raise capital gains.

The markets are bleeding because of his IDIOTIC plan to raise capital gains by 10 , 20 or 30 percent.

The markets have lost 21% since he was elected..........

Good Grief.

Later,

Geo

[stratosjoe]

Wow is that man powerful or What? One comment and a 21% loss thats amazing!

[GeoFisher]

Wow is that man powerful or What? One comment and a 21% loss thats amazing!

He was ELECTED..........that is why people are moving money, especially older folks who are REQUIRED to move retirement funds next year. Moving it this year, paying the 10 percent penalty AND the existing 10 percent gains is STILL cheaper than what Obama is proposing.

AND for those of US who are taking HUGE LOSSES..........we "MIGHT" take our money NOW, pay the gains NOW, and save 20%......

People are AFRAID that Obama WILL raise capital gains.......If you take it now, and he doesn't raise the gains, you lose NOTHING..........if you don't take it now and he raises gains........YOU LOSE a LOT.

Figure this..........someone who has 500k in RETIREMENT now, and decides to take early RETIREMENT will pay 50k in gains TODAY..........IN 2 months, they may pay 100K or 150K..........you do the math...............people are NOT STUPID.

Later,

Geo

[GeoFisher]

Wow is that man powerful or What? One comment and a 21% loss thats amazing!

Has nothing to do with power............it has EVERYTHING to do with economics........

Raising GAINS will HURT us ALL.............

WAKE UP.

[Chubminnow]

Alright...so in your all's opinion, what should a guy who's 47 years old do with his 401K/IRA money TODAY? Ain't looking to retire, will probably work until the day I die.

So what do you think, ride the storm?

[GeoFisher]

Alright...so in your all's opinion, what should a guy who's 47 years old do with his 401K/IRA money TODAY? Ain't looking to retire, will probably work until the day I die.

So what do you think, ride the storm?

You're in a tough position..........WHILE you have plenty of years left to make it up........it really depends on WHEN you want to retire, and HOW much you've lost already.

I'm younger than you.........ha, ha....... so my ideas may be a little different.

I think it will take about 10-15 years to recover from this........Maybe not, but I know for a FACT it took 8 years to recover from the 2000 meltdown, and this is almost DOUBLE those losses.

Last year was the FIRST year in 8 - 9 years where I didnt' carry forward losses on my taxes..........I KNOW how long it took to recover.

With that in mind........if you PLAN on retiring anytime soon, I'd be socking away as MUCH as I could......if you can put the MAX in your 401k or a ROTH IRA, I'd do it.......If your company matches, I'd at least make sure I was getting all their MATCHING funds.......and if your company stock pays dividends, elect to have those reinvested........I really think we're pretty close to the BOTTOM, so the money you have there now, is a LOSS, meaning you will not lose any more money, but the losses will match the gains for the next 10 years, so you will break even on that money.......

ANY new money you invest should make 10-20 percent......Maybe even more, depending on what instruments it is invested in.........

My personal plans are to leave everything that I currently have invested WHERE it is......and put EVERYTHING in my future investments, meaning whatever I contribute over the next 10 years split 50 50 in a AGGRESSIVE growth type fund, and something a little safer.....trying to make up the losses.........

This will change if the market REALLY takes off, and I can recover say 1/2 of my losses.........If that happens, I may take my lumps, and move ALL of my current investments into something a LOT safer, and all my future investments into 25 25 25 25, meaning 25 aggressive, 25 small cap, 25 stable income fund, and 25 international..........that is a GOOD mix in a BULL market .

My biggest issue with now is making up the losses in both of my daughters education accounts.......I've been saving for 18 years for my oldest, and I've lost over 40% of it........Meaning, instead of going ANYWHERE, she will have to stay more locally...........AT least for now, which may not be a bad idea anyways......

I hope this helps.

Later,

Geo

[Tyme2fish]

As y'all know, I quitired in Jan ''08. I planned but didn't really expect my medical bills to be so high. I was diagnosed as Type I diabetic after I left work and got my own insurance. I was still doing ok.

Then the market turns into dirt.

I've only lost about 15% of my financial holdings. However, I'm now looking into working part time a couple of days a week to help me pay medical and help my two sons who are struggling now.

Darn, I really did not want to go back to work and deal with the public again.

[DJD]

As y'all know, I quitired in Jan ''08. I planned but didn't really expect my medical bills to be so high. I was diagnosed as Type I diabetic after I left work and got my own insurance. I was still doing ok.

Then the market turns into dirt.

I've only lost about 15% of my financial holdings. However, I'm now looking into working part time a couple of days a week to help me pay medical and help my two sons who are struggling now.

Darn, I really did not want to go back to work and deal with the public again.

Hey there is always politics! The pay is great.

[Tom523]

Alright...so in your all's opinion, what should a guy who's 47 years old do with his 401K/IRA money TODAY? Ain't looking to retire, will probably work until the day I die.

So what do you think, ride the storm?

I would roll it over to a tax exempt(no fee) low risk mutual fund. The risk is not as big the growth potential is there and there is no penalty to pay. You won't make a bunch of money onit fast but it would be safer. After the economy improves then you can diversify to value or more risk and faster money makers.

[MsgMills]

I would rather invest in CD's vs Any Stocks at the present....At least your going to get a profit at the end of each year on the CD's...Then just roll the CD's over and have more money......

[GeoFisher]

He NEEDS to tell investors that he will NOT raise capital gains.

The markets are bleeding because of his IDIOTIC plan to raise capital gains by 10 , 20 or 30 percent.

The markets have lost 21% since he was elected..........

Good Grief.

Later,

Geo

AND I for one am REALLY HONKED off........I've been saving for 20 years for my retirement.........ME.........and it is pretty much wiped out by some greedy SOB politicians and CEO's.........

Losses of 49%, AND I was pretty much diversified.........

I figure this has put be behind 10 years towards retirement.......I'm MAD, and someone should pay................

I hope instead of going after the BUSH ADMIN for trying to protect us, Obama, sicks his team of lawyers on the CEO's and politicians GUILTY of creating this financial mess..........

Later,

Geo

[apb]

AND I for one am REALLY HONKED off........

Then may be you should take that up with the Bush administration. After all, they had 8 years to get things right and still let the country go in the crapper. Heck, he is still in office. Obama doesn't take charge until Jan 20 and you expect him to fix everything before then????

Andrew