Is it different this time?
Post Fiend
Joined: Apr 2004
Posts: 19,098
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From: Great State of Texas
Originally Posted by FTE Ken
Such as a has-been rock star making remarks about denying the rights of due process.
I suppose you are referencing my signature.
Staying true to your line of thinking. They had their swing at due process the first time a round. As a repeat offender they made an unwise decision, or investment as it were, in their future. To quote you, "not very good decision making, wouldn't you say?" or "the result of the choices they've made."
But, that discussion is likely best suited the other thread.
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Lead Driver
Joined: Jul 2004
Posts: 5,947
Likes: 62
From: in the woods of MA
Originally Posted by FTE Ken
I still don't believe in the term fixed income as applied to retires. As noted, limited would be a better term. Those with only SS could get part-time jobs. Those like your mother could re-allocate investments and see their draw either increase or decrease (its all dependent on how risk adverse she is).
It applies to gas prices as well. Do I whine about it or seek the opportunies it may bring?
It applies to gas prices as well. Do I whine about it or seek the opportunies it may bring?
As I said earlier - fixed? Limited? Whatever you want to call it. My point was that people with a "fixed income" really do exist, and it's a condition that's totally orthogonal to "low income". It can be a problem when costs rise and your income doesn't. That's how retirees loses their homes, for instance...
BTW, poor old mom can't reallocate her investments if she doesn't have any! She has a good income, but it is all truly from "fixed" sources.
Post Fiend
Joined: Apr 2004
Posts: 19,098
Likes: 8
From: Great State of Texas
Actually, Fixed Income is likely a pretty good phrase. Just as Nitramjr was "Fixed"...he can produce, no more. So it is to "Fixed" Income.
Last edited by kw5413; Nov 8, 2007 at 02:06 PM.
Postmaster
Joined: Sep 2006
Posts: 4,982
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From: Clearwater, Fl
But so far, oil contracts on the futures markets have taken on the momentum of a runaway tanker car. On Wednesday, trading was brisk in contracts for delivery in coming months at prices well above the $100 mark. The benchmark near-month contract topped $98 a barrel before settling at $96.37 on the New York Mercantile Exchange.
“I'm not in the camp that we're going to $100 and stop,” said John Kilduff, an energy analyst with MF Global. “I think we’re going to keep going. There's no reason for it not to keep going.”
“I'm not in the camp that we're going to $100 and stop,” said John Kilduff, an energy analyst with MF Global. “I think we’re going to keep going. There's no reason for it not to keep going.”
New User
Joined: Jan 2008
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Originally Posted by freirefishing
WASHINGTON - Federal Reserve Chairman Ben Bernanke said Thursday that a host of economic problems, including the severe housing slump, will cause business growth to slow noticeably in coming months.
Bernanke told Congress’ Joint Economic Committee that the central bank is watching developments closely, but gave no signal that it’s prepared at the current time to cut interest rates even further.
all coexists togeather-
oil per barrell rising
value of dollar is dropping
record home forclosures
rise in wholesale costs
gas prises on rise
home heating oil on the rise
dow dropping
retail spending will be down this year
housing market values going down
on brink of recession
business growth expected to halt
am i forgetting anything?
Bernanke told Congress’ Joint Economic Committee that the central bank is watching developments closely, but gave no signal that it’s prepared at the current time to cut interest rates even further.
all coexists togeather-
oil per barrell rising
value of dollar is dropping
record home forclosures
rise in wholesale costs
gas prises on rise
home heating oil on the rise
dow dropping
retail spending will be down this year
housing market values going down
on brink of recession
business growth expected to halt
am i forgetting anything?
Costs Soaring On:
Food
Insurance rates
Utilities
User fees
Change in all levels of Government Philosophy
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Lead Driver
Joined: Jul 2004
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From: in the woods of MA
Originally Posted by kw5413
Actually, Fixed Income is likely a pretty good phrase. Just as Nitramjr was "Fixed"...he can produce, no more. So it is to "Fixed" Income.
New User
Joined: Jan 2008
Posts: 0
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Originally Posted by FTE Ken
So someone makes it to retirement age and all they have is Social Security, and they had 45+ years to make investments.... not very good decision making, wouldn't you say?
Enron
Nextel
Newly Taxed Trust Funds.
These people lost a major percentage of their life savings.
and it wasn't their fault.
Only so many people can be near the top of the financial food chain....
Aside from telling them to get a better education and ATTEMPING and Hopefully be retained to get a higher income ..what do you tell people in the service industry ...housekeepers,fast food people,pump jockey's,janitors..etc etc ?
Not everyone can buy stock and be master financial wizards.
It sounds great in theory but it isn't reality
Should these people expect a $75,000 /year income ?
How do they make investments when they only make $15,000 /yr and has to go to feed/clothe/house them and their families.
There are people in N/A who live day to day... month to month... from no fault of their own.
What about them ..as the number of this group is growing everyday
Ken not only did you gain most of your stuff on your own but you also had people HELP YOU gain your financial position... without any form of payment to them.
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