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Predictions for the future:
- Thread starter teknobucks
- Start date
TEUFEL HUNDEN
Member
imported post
Tekno, you may get a laugh out of this one. Just imagine what some go through after missing a rally or not getting that change in before the deadline
Tekno, you may get a laugh out of this one. Just imagine what some go through after missing a rally or not getting that change in before the deadline
teknobucks
Active member
imported post
they still do something like that in the mid-east to themselves everyday!
without the benifit of a crummy day in the market
they still do something like that in the mid-east to themselves everyday!
without the benifit of a crummy day in the market
TEUFEL HUNDEN
Member
imported post
True
True
G
Guest
Guest
imported post
1. Bogle warns of excessive fees
Vanguard's founder Jack Bogle says: "The costs of offering mutual funds to millions of small accounts making weekly or monthly contributions would be even larger than today's already excessive level of fund costs." The new layer of expenses will result in returns "even less than the current yield on the U.S. Treasury bond."
2. Retirees lose in bear markets
During the 2000-2002 bear market, investors lost about $8 trillion. Many retirement nest eggs were emasculated. Meanwhile, Wall Street's assets-based strategy gave insiders a cushion. While the average American fund investor lost more than 40 percent in the bear market, fund owners, directors and managers took in more than $200 billion annually in fees, operating expenses, transaction costs, soft-money and other hidden compensation from deals with brokers and silent third-parties.
3. Big fees drowning other programs
BusinessWeek, in the depths of that bear market, joking referred to the 401(k) as a "201(k)." Returns were that bad. Yet that didn't prevent stock funds from increasing their average expense ratio by a whopping 36 percent between 1999 and 2002, Morningstar says. Last year BusinessWeek again warned: "Fees can take as much as 3 percent of an account each year." Moreover, fees in many 529 college-savings plans "fritter away your tax breaks." SmartMoney also warns about 529s: "In reality, you'll drown in fees, sacrifice financial aid and get lousy returns."
4. Disastrous results overseas
Foreign nations are often cited as models for a privatized retirement system. However, in Great Britain "financial intermediaries have eaten up an average of 43 percent of the returns" and left the government with "substantial new expenses, lost tax revenues." The World Bank says Chile is a "disappointment." Many employees who stayed in the old system are now retiring with three times more than those who went with the new privatization.
5. Big fees in bigger government
Closer to home, our Congressional Budget Office predicts that future generations will get "returns even lower than under our pay-as-you-go system." Plus we'll get bigger government with a costly new federal bureaucracy staffed by more than 10,000 employees to monitor private accounts for more 100 million participants.
1. Bogle warns of excessive fees
Vanguard's founder Jack Bogle says: "The costs of offering mutual funds to millions of small accounts making weekly or monthly contributions would be even larger than today's already excessive level of fund costs." The new layer of expenses will result in returns "even less than the current yield on the U.S. Treasury bond."
2. Retirees lose in bear markets
During the 2000-2002 bear market, investors lost about $8 trillion. Many retirement nest eggs were emasculated. Meanwhile, Wall Street's assets-based strategy gave insiders a cushion. While the average American fund investor lost more than 40 percent in the bear market, fund owners, directors and managers took in more than $200 billion annually in fees, operating expenses, transaction costs, soft-money and other hidden compensation from deals with brokers and silent third-parties.
3. Big fees drowning other programs
BusinessWeek, in the depths of that bear market, joking referred to the 401(k) as a "201(k)." Returns were that bad. Yet that didn't prevent stock funds from increasing their average expense ratio by a whopping 36 percent between 1999 and 2002, Morningstar says. Last year BusinessWeek again warned: "Fees can take as much as 3 percent of an account each year." Moreover, fees in many 529 college-savings plans "fritter away your tax breaks." SmartMoney also warns about 529s: "In reality, you'll drown in fees, sacrifice financial aid and get lousy returns."
4. Disastrous results overseas
Foreign nations are often cited as models for a privatized retirement system. However, in Great Britain "financial intermediaries have eaten up an average of 43 percent of the returns" and left the government with "substantial new expenses, lost tax revenues." The World Bank says Chile is a "disappointment." Many employees who stayed in the old system are now retiring with three times more than those who went with the new privatization.
5. Big fees in bigger government
Closer to home, our Congressional Budget Office predicts that future generations will get "returns even lower than under our pay-as-you-go system." Plus we'll get bigger government with a costly new federal bureaucracy staffed by more than 10,000 employees to monitor private accounts for more 100 million participants.
G
Guest
Guest
imported post
Iraqi women no better off post-Saddam
[size=In a report entitled "Iraq -- Decades of Suffering," it said that while the systematic repression under Saddam had ended, it had been replaced by increased murders, and sexual abuse -- including by U.S. forces.][/FONT][/FONT][/FONT][/size][/FONT][/size][/FONT][/size]
[][size=Washington promised that the overthrow of Saddam would free the Iraqi people from years of oppression and set them on the road to democracy. But Amnesty said post-war insecurity had left women at risk of violence and curtailed their freedoms.][/size]
[][size="The lawlessness and increased killings, abductions and rapes that followed the overthrow of the government of Saddam Hussein have restricted women's freedom of movement and their ability to go to school or to work," Amnesty said.][/font]
[][size="Women have been subjected to sexual threats by members of the U.S.-led forces and some women detained by U.S. forces have been sexually abused.]
]
Iraqi women no better off post-Saddam
[size=In a report entitled "Iraq -- Decades of Suffering," it said that while the systematic repression under Saddam had ended, it had been replaced by increased murders, and sexual abuse -- including by U.S. forces.][/FONT][/FONT][/FONT][/size][/FONT][/size][/FONT][/size]
[][size=Washington promised that the overthrow of Saddam would free the Iraqi people from years of oppression and set them on the road to democracy. But Amnesty said post-war insecurity had left women at risk of violence and curtailed their freedoms.][/size]
[][size="The lawlessness and increased killings, abductions and rapes that followed the overthrow of the government of Saddam Hussein have restricted women's freedom of movement and their ability to go to school or to work," Amnesty said.][/font]
[][size="Women have been subjected to sexual threats by members of the U.S.-led forces and some women detained by U.S. forces have been sexually abused.]
]
TEUFEL HUNDEN
Member
imported post
Dr_Dubious wrote:
Dr_Dubious wrote:
]]
imported post
Dr_Dubious wrote:
Dr_Dubious wrote:
Yeah, but I bet they were laughing right up until 2000. Greed kills.
Dr_Dubious wrote:
Umm...how big is SSA? and..umm...if you increase your bureaucracy, then you didn't privatise.
Dr_Dubious wrote:
Umm...okay...they hate us becuase we keep trying to turn every country into America. Stop it.
Dr_Dubious wrote:
Ummm....that is what the TSP is and it seems to be doing well. Jack can't beat Barclay's? No wonder we outsource internationally. :?
Dr_Dubious wrote:
Yeah, but I bet they were laughing right up until 2000. Greed kills.
Dr_Dubious wrote:
Umm...how big is SSA? and..umm...if you increase your bureaucracy, then you didn't privatise.
Dr_Dubious wrote:
Umm...okay...they hate us becuase we keep trying to turn every country into America. Stop it.
TEUFEL HUNDEN
Member
imported post
I would not doubt it one bit.
I would not doubt it one bit.
G
Guest
Guest
imported post
Damn, didin't put 4 and 2 together...............
Damn, didin't put 4 and 2 together...............
Mike
Active member
imported post
I better be careful - people might start telling me I missed my calling as a detective. :shock:
What's worse is I've been told that one of my outfits makes me look like I work for the FBI (strangely, the same outfit has also led others to say I look like a gangster). :shock:
Maybe I'll create a website for the sole purpose of putting pictures up there so I can directly post them here rather than having to screw around with the avatar and its tiny space requirement. Then you all can judge for yourselves.
I better be careful - people might start telling me I missed my calling as a detective. :shock:
What's worse is I've been told that one of my outfits makes me look like I work for the FBI (strangely, the same outfit has also led others to say I look like a gangster). :shock:
Maybe I'll create a website for the sole purpose of putting pictures up there so I can directly post them here rather than having to screw around with the avatar and its tiny space requirement. Then you all can judge for yourselves.