in the 80's
in [Design]
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From: Richard the Dreaded Libertarian on 11 Aug 2010 19:58 On Sat, 07 Aug 2010 16:36:27 -0500, krw(a)att.bizzzzzzzzzzzz wrote: > On Sat, 7 Aug 2010 06:20:47 -0700 (PDT), Technogeezer2000 <gclegg(a)swbell.net> > >>The insurance companies, >>we do not need them, they are a total expense and add nothing to >>health care. > > You should get rid of car and homeowner's insurance, too, then. Life > insurance is bad. ALL insurance is bad. Off with their heads! Yeah, we hear > that constantly from Obama. Well, actually, insurance is kind of a stupid bet. The only way to win is to lose! And mandatory _anything_ is evil and anti-American! Thanks, Rich
From: Richard the Dreaded Libertarian on 11 Aug 2010 20:06 On Fri, 06 Aug 2010 20:04:08 -0500, krw(a)att.bizzzzzzzzzzzz wrote: > On Fri, 06 Aug 2010 16:50:43 -0700, Richard the Dreaded Libertarian > <freedom_guy(a)example.net> wrote: > >>On Mon, 02 Aug 2010 19:18:25 -0500, krw(a)att.bizzzzzzzzzzzz wrote: >>> On Mon, 02 Aug 2010 15:59:33 -0700, Richard the Dreaded Libertarian >>>>> >>>>When the 401K first came out, I looked into it, and decided, "What kind of >>>>numbskull considers 'playing the stock market' to be an 'investment fund?'" >>>> >>>>Glad I didn't fall for that scam! ;-) >>> >>> So now you're broke. Good thinking. >> >>Not because I didn't play the stock market. ;-) > > You *are* still broke. If had saved (in a 401K, or whatever) you wouldn't be. All I was trying to say is, notwithstanding I'm broke, if I _had_ been able to have a continuous income, and invest in a savings plan, it wouldn't be either a 401K or any other government boondoggle - maybe "US Savings Bonds," but probaly more like a savings account or CD. :-) How much did you lose on your 401K when the market tanked? Thanks, Rich
From: krw on 11 Aug 2010 21:06 On Wed, 11 Aug 2010 16:58:36 -0700, Richard the Dreaded Libertarian <freedom_guy(a)example.net> wrote: >On Sat, 07 Aug 2010 16:36:27 -0500, krw(a)att.bizzzzzzzzzzzz wrote: >> On Sat, 7 Aug 2010 06:20:47 -0700 (PDT), Technogeezer2000 <gclegg(a)swbell.net> >> >>>The insurance companies, >>>we do not need them, they are a total expense and add nothing to >>>health care. >> >> You should get rid of car and homeowner's insurance, too, then. Life >> insurance is bad. ALL insurance is bad. Off with their heads! Yeah, we hear >> that constantly from Obama. > >Well, actually, insurance is kind of a stupid bet. The only way to win is >to lose! That's one of the more ignorant statements you've made. You bet a little to make sure you retain a lot. >And mandatory _anything_ is evil and anti-American! Dunno, want to drive? Perhaps you ought to have the means to pay for your mistakes.
From: krw on 11 Aug 2010 23:54 On Wed, 11 Aug 2010 17:06:26 -0700, Richard the Dreaded Libertarian <freedom_guy(a)example.net> wrote: >On Fri, 06 Aug 2010 20:04:08 -0500, krw(a)att.bizzzzzzzzzzzz wrote: > >> On Fri, 06 Aug 2010 16:50:43 -0700, Richard the Dreaded Libertarian >> <freedom_guy(a)example.net> wrote: >> >>>On Mon, 02 Aug 2010 19:18:25 -0500, krw(a)att.bizzzzzzzzzzzz wrote: >>>> On Mon, 02 Aug 2010 15:59:33 -0700, Richard the Dreaded Libertarian >>>>>> >>>>>When the 401K first came out, I looked into it, and decided, "What kind of >>>>>numbskull considers 'playing the stock market' to be an 'investment fund?'" >>>>> >>>>>Glad I didn't fall for that scam! ;-) >>>> >>>> So now you're broke. Good thinking. >>> >>>Not because I didn't play the stock market. ;-) >> >> You *are* still broke. If had saved (in a 401K, or whatever) you wouldn't be. > >All I was trying to say is, notwithstanding I'm broke, if I _had_ been >able to have a continuous income, and invest in a savings plan, it >wouldn't be either a 401K or any other government boondoggle - maybe >"US Savings Bonds," but probaly more like a savings account or CD. :-) So you're saying that because you might have made poor decisions it was better to save nothing? >How much did you lose on your 401K when the market tanked? Zero. I moved my 401K into corporate bond funds ("stable value") at the end of '06 (contrary to some dingbats here, this recession wasn't surprising). I haven't made much since (4-5% per year) but lost nothing. I did take a pounding in '00, but gained all that back and a *lot* more between '00 and '06.
From: Joel Koltner on 12 Aug 2010 00:30
<krw(a)att.bizzzzzzzzzzzz> wrote in message news:mor66657rgfjbilcp4r1d1b6ptr84ndk5b(a)4ax.com... > Zero. I moved my 401K into corporate bond funds ("stable value") at the end > of '06 (contrary to some dingbats here, this recession wasn't surprising). > I > haven't made much since (4-5% per year) but lost nothing. I did take a > pounding in '00, but gained all that back and a *lot* more between '00 and > '06. Have you recovered enough that the interest on your 401k is roughly comparable to your salary... or at least enough to support your desired standard of living indefinitely? Hey, someone forwarded us the announcement about your systems now supporting multiple users talking simultaneously (after the "teaser" announcement back at NAB) -- from that I'm going to assume your software guys managed to get it all performing reasonably well. Congratulations! -- As far as I'm aware, that's a pretty unique feature. ---Joel |