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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (19740)	6/4/1998 2:07:00 AM
From: paulmcg0	Read Replies (1) \| Respond to of 94695

Bonnie -- speaking of 401Ks, here's an indicator. I just found out that someone I know, who was telling everyone the Dow was going to 10,000 back in April, quietly shifted all his 401K funds from stock funds into a money market fund. These bulls are tricky -- they say one thing and do another! Paul M.

To: Bonnie Bear who wrote (19740)	6/4/1998 10:30:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 94695

in a typical silicon valley household, 3 thousand per couple goes into the 401K every month. Bonnie, assuming that it is typical for silly valley folks to put 6% (to get the max match at most companies) to 12% (HWP's absolute max) into their 401k plans, it appears that the "typical" silly valley household makes $300,000 to $600,000 per annum. If that's true (do you bus in retail and restaurant employees from Oakland?), it's no wonder that you have a different view of the world than those of us out in it. It's almost as if you live in an entirely different country with its own currency (stock options) and its own inflation rate (million dollar bungalows?). The Tokyo of the US. And the only place in the country (except for sports and entertainment) where workers have agents to negotiate employment contracts. Greetings from the real world, Bob