Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (75136)	1/12/2009 2:58:31 PM
From: Little Joe	Respond to of 108558

Just closed out my s&P puts for 44% profit. one big profit makes up for a lot of small mistakes. EZPW from yesterday is up today despite the strong move down, so might make a few bucks here LJ

To: c.hinton who wrote (75136)	1/12/2009 4:21:11 PM
From: JimisJim	Read Replies (1) \| Respond to of 108558

c. hinton: <the stock market was never meant for the masses and its just as well they get booted from it> OK, I'll go along with most of what you posted, but I have to wonder about this one... if the market is not intended for the masses, please let's ditch the reliance on 401Ks and other retirement vehicles (including pension funds) that rely on the market to fund the retirements of the masses... I hear a lot of criticism of SS (and for good reasons, mostly), but if SS is bad and the markets are not meant for the masses, how the heck are we supposed to build retirement funds? All T-bills? CDs? Passbook savings? SS sucks as a retirement system because government officials couldn't keep themselves from spending it all and leaving IOUs. The markets turned into a nightmare place for both pension funds and for individual retirement accounts. So what's the answer? I used to feel smug because I'd been saving a large percentage of my income for retirement for a long time -- you know, the grasshopper and the ant thing... I was the smart, industrious ant and all of those fellow boomers who were spending and borrowing money like crazy all these years to buy hummers and McMansions were going to have a rude awakening come retirement time... Looks like the joke is on the ants of my generation as we end up not substantially better off than the grasshoppers who lived it up all these years and didn't save a dime. Oh, I still believe I'll be in better shape than the average boomer... but not orders of magnitude better as my prudent savings/investing were supposed to bring me... or maybe my investments were stupid... Sorry for the rant and self pity on such a wonderfully beautiful day outside (sunny, in the low 80s here)... Better to dispense with the self-pity early this year, I think. Jim