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Deo, Deo, Deo,
401K's were, and still are designed for "working" people. Please not the emphasis on working. I'm running a business let's just say for instance, we make cardboard boxes. I don't need my employees trading options, hedging currency bets, doing strips, straddles, butterflies, shorting stocks, covering margin calls and telling me how they are smarter than Ben Bernanke. I want them making and shipping cardboard boxes. If you still don't get it, then we'll call it a "Savings Plan" not a "Git Rich and Git Gone Plan". Every Man a King! We make boxes here people!
Peter P
2005 Dec 22, 2:57am
401K’s were, and still are designed for “working†people. Please not the emphasis on working. I’m running a business let’s just say for instance, we make cardboard boxes. I don’t need my employees trading options, hedging currency bets, doing strips, straddles, butterflies, shorting stocks, covering margin calls and telling me how they are smarter than Ben Bernanke.
There are IRAs for Futures though. Personally, I have no faith in such retirement accounts. Money that cannot be easily moved overseas and/or converted to another hard foreign currency is not real money.
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Please regale those of us who are "geographically challenged" (or is it "space-time differently abled"?) with your personal stories of the first Blog Party at Mijita's this Saturday.
How did it go? Who attended and how many total showed up? How long did it last? Were there any surprises? Did the people you met fit your mental images of each person or not? Anyone have any photos they don't mind posting and providing a link to (provided the subjects don't mind being viewed publicly)? Any plans for future gatherings?
Please be generous with your descriptions for the less fortunate bloggers among us. After all, it's the Christmas season --er, "the Holidays". :mrgreen:
Thanks,
HARM