MyRa

[NoDrama]

Obama says his idea to sell treasuries to people will mean they will be able to retire comfortably and there will be no risk.

No risk ? LOL LOL LOL


"Today, most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401ks. That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in." - Barack Obama


There is no such thing as an investment that gives a return and has no risk. FUCK! don't people know that the return is the reward for accepting the risk?

 

[ChesusRice]

Obama says his idea to sell treasuries to people will mean they will be able to retire comfortably and there will be no risk.

No risk ? LOL LOL LOL


"Today, most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401ks. That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in." - Barack Obama


There is no such thing as an investment that gives a return and has no risk. FUCK! don't people know that the return is the reward for accepting the risk?

Can you name the last time America defaulted on it's debt obligations?

 

[NoDrama]

Can you name the last time America defaulted on it's debt obligations?

August 16th, 1971.

 

[ChesusRice]

August 16th, 1971.

And everyone lost their investments?

 

[NoDrama]

And everyone lost their investments?

How many people had a 401K in 1971? Take a quick guess.

 

[MuyLocoNC]

Obama says his idea to sell treasuries to people will mean they will be able to retire comfortably and there will be no risk.

No risk ? LOL LOL LOL


"Today, most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401ks. That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in." - Barack Obama


There is no such thing as an investment that gives a return and has no risk. FUCK! don't people know that the return is the reward for accepting the risk?

Anything is possible with enough SUBSIDEEZ. They're free don't cha know?

You just go out in the back yard next to the Ticket Oak and pluck a few bonds off the Treasury Willow.

Mmm, mmm...Ohhhhhh yeah. Gots to get me some of that SUBSIDEEZ.

 

[NoDrama]

And everyone lost their investments?

Where do i claim everyone would lose their investments? I tell ya Cheezy, that paint huffing really fucked you up.

 

[ChesusRice]

Where do i claim everyone would lose their investments? I tell ya Cheezy, that paint huffing really fucked you up.

America has never defaulted on it's debt.
not even 08/16/1971

So when you are done muddying the water, are you ever going to get back to me on why savings bonds are not a risk free investment?

 

[NoDrama]

America has never defaulted on it's debt.
not even 08/16/1971

So when you are done muddying the water, are you ever going to get back to me on why savings bonds are not a risk free investment?

So I take it you have no idea what happened on that date.

 

[GOD HERE]

Obama says his idea to sell treasuries to people will mean they will be able to retire comfortably and there will be no risk.

No risk ? LOL LOL LOL


"Today, most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401ks. That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in." - Barack Obama


There is no such thing as an investment that gives a return and has no risk. FUCK! don't people know that the return is the reward for accepting the risk?

You guys are the one championing this failing system, Barack is just an apologist for it.

 

[NoDrama]

You guys

Who are "you guys"??? When you say "Championing this failing system" what do you mean by that?

 

[GOD HERE]

Who are "you guys"??? When you say "Championing this failing system" what do you mean by that?

By "you guys" I mean the usual right wing crowd we have around here, and the "failing system" is this psuedo market economy that seems to be a religion for certain people.

 

[twostrokenut]

By "you guys" I mean the usual right wing crowd we have around here, and the "failing system" is this psuedo market economy that seems to be a religion for certain people.

Oh fuck, are we about to agree on something? You mean this federal reserve system?

 

[BigNBushy]

Government back securities are about as risk free as it can get.

If they default on it, you got bigger problems than collecting on it.

I imagine something where a certain amount is deducted from your paycheck into an individual account just for you.

I kind of like this idea, something to benefit young workers that can help augment social security.

When bush tried social security reform, I think this might have been what he had in mind, this of course will be in addition to, as opposed to instead of, social security.

I could be wrong. I've not heard any details.

 

[see4]

You're seriously asking if the dumb shits that voted blowbama into office twice know about anything and wouldn't just lap up whatever cum blowbama skeets at them?

Seriously?

No, for reals.............seriously?






*said one of rollitup's most hardcore blowbama apologists*

You are undoubtably racist and it is clear you hate facts.

 

[blacksun]

You are undoubtably racist and it is clear you hate facts.

Same to you?

 

[twostrokenut]

You are undoubtably racist and it is clear you hate facts.

soon there might be hope for that operation you need so that you may have that bulbous erection you idolize....dream big and good things will happen....hope for change....sex change.

 

[BigNBushy]

You are undoubtably racist and it is clear you hate facts.

Do you ever post anything with substance?

 

[NoDrama]

By "you guys" I mean the usual right wing crowd we have around here, and the "failing system" is this psuedo market economy that seems to be a religion for certain people.

I am not right wing though.

WOOOOPS!

 

[NoDrama]

America has never defaulted on it's debt.
not even 08/16/1971

So when you are done muddying the water, are you ever going to get back to me on why savings bonds are not a risk free investment?

Also Cheezy, risk does not mean just defaulting. If you buy a US Treasury that pays 1% interest for the next 30 years and then all of a sudden the USA is plagued by relentless inflation at a rate of 10% per year for the next 30 years. Even though the USA doesn't default, your 30 year bond will essentially be worthless. That is an extreme example, but hopefully you can get the gist.

Do you actively participate in your 401K or are you subject to the whims of whatever your 'Financial Adviser' suggests? Do you even have a 401K?