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Sunny or Gloomy? More On Your 2010 Thrift Savings Plan Investment

Talking Heads & Commercial Interests

Fed Peasant
DOD
Tue Feb 9, 2010 9:30 AM

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Use great caution, & skepticism, with any financial advice, articles, commercials, etc. No one can predict the future. The mutual funds, brokerage firm, banks, insurance companies, & on & on get fees from your deposits/investments/premiums. So clearly they have a vested interest to encourage you to put more money with them. They nearly always say, buy, buy, buy, this or that. The advertisers, sponsors, owners all want more of your money. The regulators are flawed at best, or corrupt & devious at worst. You have to sort throught the noise & think for yourself.

Re: Talking Heads & Commercial Interests

FLM
FAA
Tue Feb 9, 2010 9:57 AM
You're right Fed Peasant. Remember the commercial a few years ago....a brokerage house manager was pushing some new stock on his brokers to sell. He knew the stock was a piece of crap but the sales commissions would be huge. He told them, "All right people, let's put some lipstick on this pig."

Re talking heads and commercial interests

Federal
Fed
Tue Feb 9, 2010 9:58 AM

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Best advice given to date....

We are responsible for our own investments

UL Manager
DHS/ICE
Tue Feb 9, 2010 10:23 AM

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We can listen to financial advice. Or not. We can try to time the market or "let it ride." We can buy gold and hope for the best. Or we can get out and call it quits.

Can we look at what history has done with investments as an indicator of things to come? Nope, it's no longer accurate as we've entered a new era. Hope and change appears only to apply to the lazy and poor, not to the federal worker who has busted his or her butt for 20+ years to build a comfortable retirement.

The rules that used to apply may no longer ring true. The gov't has given away our social security to foreigners who haven't earned it; and more are coming.
The gov't scares the heck out of big businesses who employee our friends and family thus moving jobs overseas to escape the madness.

It's the way many, many voters are feeling. The socialist liberal policies of this administration are bankrupting workers daily, with no end to the craziness in sight. And now even feds are adversely affected.

Re: We are responsible for our own investments

worker
fed
Tue Feb 9, 2010 3:54 PM
Your first 2 paragraphs were good. Then you went to the socialist garbage. Obama is doing this because of Bush's depression. The health care is needed to help people who cannot afford medical insurance because they were laid off by Bush's depression or by greedy employers who will not supply decent medical insurance. I am talking about the big employers and not monm and pop stores.

Re: We are responsible for our own investments

N/A
State
Wed Feb 10, 2010 6:47 AM
Why not the smaller stores? They haven't let people go? Your paragraph was as filled with garbage as the one you responded to.

At some point, you have to be responsible for yourself. We talk about health care as though it's a national right. If you believe that it is, then you likely believe that food and shelter are rights as well. In truth, they are more pressing issues than health care.

I don't believe health care, be it Medicare or Medicaid, or any semblance of retirement, a la Social Security, is a right. We did better as a people when we had more management over our money. The government gets its money only from taxes; any increase in taxes, fees, currency devaluation, etc. is an expansion of government, a government that is too big already by at least a third.

So you are going to predict the future? Again?

Doctor of Education
GSA
Tue Feb 9, 2010 10:25 AM

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Ha, ha, ha, ha, ha, ha - meant to indicate derisive laughter.

Re: So you are going to predict the future? Again

lr specialist
dod agency
Tue Feb 9, 2010 10:53 AM
I cannot help but wonder at the thought process and lack of common sense and good manners that a person goes through to use the services of a site (at no cost); that has good articles and general advice for the federal community; and then has the temerity to to make derisive comments if you happen to disagree with a particular article.

I don't always agree with all of the columns from the various writers but the information seems timely, well thought out and very helpful in my federal career. Why would someone who professes to have a good education want to act like a jerk?

Perhaps this is the result of the educational system that awards someone a ph.d?

TSP

Another GS12
DOJ
Tue Feb 9, 2010 10:33 AM

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Amazing all these financial wizards predicting the rise and fall of stocks......just where were they before everything went south in '08?

Re: TSP

Diversity Manager
DUH
Tue Feb 9, 2010 2:30 PM
Exactly! Great point.

(But to answer your question: No better than "weathermen," they're all over cable news telling us what to do now.)

Interesting

Retired DoD
Aruba
Tue Feb 9, 2010 11:41 AM

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no matter what you are told you still need to complete your own due diligence. Once I look at the markets, the under lying factors I then trust my instincts about what I think will happen. It saved me in the 08 debacle and it just saved me again in this last down turn.

Now folks may say I missed a bounce but to be honest I would rather take the money I saved and catch the bounce when it moves a little further along. And I have no one but myself to blame either way. After all, it is my money.

Stocks for retirement

worker
fed
Tue Feb 9, 2010 3:56 PM

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I agree with those who say to evaluate what the experts say and do your own work. And diversify.

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