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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (97160)	8/4/2002 9:36:38 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

OK, by 1973 I had managed to accumulate about $6,000 (about equal to a year's take-home pay for me then) my parents bought their home for about $45k (seattle) back then (actually cheaper, but i gotta factor in some remodeling done later). that is 7.5 times your take home pay. now, either that same job with the exact same experience level you had THEN (not now!) has a take home pay of about $150k or housing inflation has kicked income's butt in the last 30 years. i think i know the answer! in what was then called a 403B tax-sheltered annuity. When IRAs came along, I was able to roll that account over into an IRA. That account was recently worth over $200,000. I think that's a respectable long term gain, considering that it has not been my lifelong vocation to make money. In recent years I have done a good bit better than that with my trading account, using LEAP puts on indices and going short. (Buffet and Templeton have also been buying puts and going short.) yea, your just another in a long list of exceptions to bgr's "brain dead" rule. -lol-