RAIDERS, SHARKS, WARRIORS
"i don't believe in mysteries but still i pray for my sister, when speaking to the higher power that listens, to the lifeless vision of freedom everytime we're imprisoned, to the righteous victims of people of a higher position" - planet asia, old timer thoughts
"God is Universal he is the Ruler Universal" - gangstarr (rip guru), robbin hood theory
"don't gain the world and lose your soul, wisdom is better than silver and gold" - bob marley, zion train
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Listen, it simply doesn't always work out for people. I was underemployed while singing in a gospel quartet for years when I was younger, then gave up a growing business management career to move back to my home town when my dad's health was failing. Then I accepted below market pay to help my brother build his business and by then my mother needed help, which I provided even tho it again limited my income. Mixed in there I got caught flipping houses when the real estate market took its first dive in decades in the mid 2000s and had a business partner rake me over the coals.
So I don't exactly see fault in my retirement account not being all that big. And to sweeten the pot, the pandemic has all but shut the company I work for down, so I get to pay for my own health insurance while on unemployment with the hope the company can bring me back in February...so, really building up that pension.
gotta love 'referential' treatment
I never said there aren't cases (yours is certainly part of one and I commend you for your choices) but most of the 26% of Americans that have nothing for savings is almost certainly more of a lack of priority than extenuating circumstances. And of the 74% of Americans that do have retirement savings perhaps the "mattress" is not the best spot for it.
Last edited by brett05; 11-24-2020 at 05:01 PM.
My Ignore List: bklynny67, nastynice, OhSoSlick, spliff(TONE), zmaster52
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Last edited by blams; 11-25-2020 at 12:52 AM.
I'm sorry what does this have to do with what I said?
I said how the stock market and retirement accounts aren't a good measure for the economy because most everyone doesn't have one. People who have more money than they will never need getting even more money they will never need is a bad measure of the economy.
Prior to 11/1/19: if you were on my ignore list, I was sticking to ignoring you thanks to great advise.
From 11/1/19 on: I will no longer be responding to comments back to people on my ignore list.
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Think long and hard about why you respond to nonsense. Please!
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My Ignore List: bklynny67, nastynice, OhSoSlick, spliff(TONE), zmaster52
Not only is brett the expert on the police... he also has a degree in economics.
See what all the people without jobs right now should do, is build time machines and invest in the stock market. Which, we should all be aware, will soon tank. Largely because Liberals!, and not because of anything else.
Originally Posted by MrPoon
Please reflect on what I said and what you said.
The stock market can be considered a strong indicator for how a specific segment of the country is doing. But it is by no means an economic indicator that tells you how the country is doing or its economy. People who own stock tend to be white, above 50, have a college or post graduate degree, and earn more than $100,000 a year. People who don't fit into one or more of those categories are far less likely to own stock and thus be completely unaffected by it.
It's not a matter of fault. It's a matter of then having other focuses such as putting food on their table, raising them children, or any number of things to do with their money. People working a second or third job are doing so because all their spare money goes to those silly things I listed above like food or rent.
Prior to 11/1/19: if you were on my ignore list, I was sticking to ignoring you thanks to great advise.
From 11/1/19 on: I will no longer be responding to comments back to people on my ignore list.
_____
Think long and hard about why you respond to nonsense. Please!
He knows all this. He doesn’t care.
I can only speak of the folks I know and those that are in the market have nothing to do with age or race or how many jobs they work. And very few of the folks I know are making 100K a year. They are however invested in the market. Of all the folks I know It's less than 1% that are not in the market and that bridges folks from 18 thru seniors of all races.
You want to do something else with your money that is your right. It's the risk folks take.
My Ignore List: bklynny67, nastynice, OhSoSlick, spliff(TONE), zmaster52
What you are referring to is called anecdotal evidence and it is essentially meaningless. I'm referring to country wide evidence and statistics.
The facts are that only a specific portion of the country can afford to invest in the stock market. And people who aren't able to aren't able not because they're choosing not to take advantage. But because they're choosing which of their regular bills to not pay because they don't make enough money. Someone working the drive thru line at a fast food restaurant facing rent, car loan, insurance, groceries, utilities, and many more doesn't have the spare money to be throwing into the stock market.
Prior to 11/1/19: if you were on my ignore list, I was sticking to ignoring you thanks to great advise.
From 11/1/19 on: I will no longer be responding to comments back to people on my ignore list.
_____
Think long and hard about why you respond to nonsense. Please!
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