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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 05/12/2009 : 18:24:52
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Not to be mean, but that guy bought part of a RE holdings. It is like owning a mutual fund where the fund can sell stock to raise cash to cash out investors. They just can't hit the sell button on a office building. There is no cash... there is Real estate.
This is more of that guy didn't know what he was investing in than fussing about it.
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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keys
Penny Collector Member
383 Posts |
Posted - 05/13/2009 : 14:46:15
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He thinks he has it bad, he should talk to former employees of Enron where the majority had their 401K money in Enron stock.
(Not all of the Enron employees were crooks, consider the secretaries, the janitors, the mail room employees, the maintenance workers, etc. the ones who never made the crooked deals suffered worse than the shysters involved.)
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I change with the times-
but like silver coins found in your change
I stay the same.
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The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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401(k) funds putting locks on people's cash
Forum Locked
Posted - 05/12/2009 : 00:34:53
