posted 11-05- 08:44 PM               

The Stock Market is run by the Greater-Fool's theory of investing...i.e. you hope that a greater fool will by your stocks for more than you paid (adjusted for inflation).

This all worries me a bit.

I wish stocks were priced on a P/D ratio (price to dividen ratio), but this scheme would not work in a market that depends on individuals who are seeking to "make a killing" (i.e. Greater Fools).

posted 11-05- 09:25 PM               

The biggest problem is the idea that you can
take the money yourself and invest it and come
out better. The average person investing in
the stock market is like a minnow swimming
in a school of sharks. This is a republican
plan thought up by their big business masters.
Unions worked for 60 years to continue Social
Security and negotiate good pension plans from
employers. Employers even stooped to the tactic
of declaring bankrupcy to steal the
money in these pension plans. Unions got laws
passed so that an employer can not touch the
money in a pension plan. What's the employer's
answer? The 401k. Now you take your money,
invest it in the stock market and presto, they
got their fingers in your retirement money
again. It's amazing how stupid people can be.

posted 11-05- 10:42 PM               

Absolutely right! That's why you have professional fund managers managing the mutual funds and 401(k) funds that the vast majority of us are invested in.

Ask your Union where your retirement fund in invested Smokey. You're in for a big surprise.

posted 11-06- 08:36 PM               

Snickers, you should educate yourself on
union pension plans before you comment on them.
The plans I'm familiar with are UAW negotiated.
Not one dime goes anywhere close to any union
leadership. The company puts so many penneys
in the fund for each man hour worked. The
fund is invested. To insure reliable investment
choices each individual member's retirement
benefits are guarenteed by the company.

posted 11-06- 09:42 PM               

How does it work? Do you get more out if you put more in? How much does someone get a month?

As for myself I'm just figuring on saving in RRSPs and to make sure my bills are next to nothing by the time I want to retire. I fully plan on investing in real estate, A couple places to rent out when retired should take care of month to month living costs as far as I can see. Hell maybe one of the last houses I build will be to sell back to a bank on a reverse mortgage system.

posted 11-07- 01:57 PM               

How does the whole SS, CP systems work?

I'm pretty sure a friends mom just got a notice that she would get a whole $200 a month Canadian. Whoopee, big deal.

What do people in trades (like me) that work for employers that typicaly not have any pension or retirment plan systems normaly do besides saving up and investing themselves?

Sure I would love to work at a place with benifits and retirement plans and stuff, but I just can't see myself working in an office or factory.

Does my plan sound at all feasible?

posted 11-07- 02:15 PM               

Sorry Snickers, I guess I just wasn't in a
joking mood.