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> Ever had a dream just disintegrate before your very eyes?
mitchntx
post Oct 6 2008, 08:14 PM
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Nothing says 'I love you.' like a box of Hydroshoks
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Since about 30, I've been saving, scrimping and hoarding pennies, working 2 jobs, 3 sometimes, all so that I could retire at 55.

Everything ... mortgage, debt, housing amenities, shop, tools ... everything was set up on this idea that I could retire with reasonable comfort and then work as I wanted, when I needed and do what I liked.

The last year has seen that dream slowly dwindle into the reality that I will have to work at this stinking job till I'm a hundred and 55. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/unsure.gif)

My job is great ... been there since March of 1982. I really like what I do. Unfortunately it comes with it's share of migraine headaches, mostly with the title of Manager attached somewhere.

I was talking with a very good friend yesterday and he made some really good sense. Might as well pull all the money from market accounts and buy a new car. The drop in value couldn't be any worse.

Oh well, just thought I'd rant a while ... kind of feeling sorry for myself. So I want all of you to feel bad, too. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/drink.gif)
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johns68
post Oct 8 2008, 07:30 AM
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Sorry, gotta dive into the rant ... both anecdotally and otherwise ...

My parents and in-laws were "depression babies". My father-in-law literally DID have coffee cans full of $100 bills buried in the orchard. His similar investment strategies saved him during Enron (they "only" lost a couple hundred K), and have preserved their estate today (down 10% or so ... incredible, given the current norm). My parents never believed in the market, investing their money in cd's ... "foolish" 10 years ago, but today? Brilliant!

Education ... America's political system is BASED on the common man being educated enough to participate in government intelligently. Research Thomas Jefferson and his concerns about the new republic. That level of education (formal or informal, it doesn't matter) has risen dramatically in the last 300 years. You are not supposed to base your vote on a candidate's skin color! Nor how hot his running mate is! C'mon people, we have a responsibility, and to shoulder it we must UNDERSTAND it! Not just listen to the f*cking media! Am I biased? I don't think so, but I DO spend my days teaching college Math and Statistics ... and open my Stat students eyes to misleading media reporting of statistics every single day! An election year makes my lectures easy ... "read the paper today?, let's analyze the bullsh*t!"

What happens in America still affects the world enormously... your vote affects America ... please learn something about the issues and the candidates' positions ... please vote intelligently ... /rant
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Posts in this topic
mitchntx   Ever had a dream just disintegrate before your very eyes?   Oct 6 2008, 08:14 PM
FBody383   QUOTE (mitchntx)Oh well, just thought I'd rant...   Oct 6 2008, 08:46 PM
firehawkclone   I know how you feel on a smaller scale. Sat the mo...   Oct 6 2008, 09:35 PM
roadracetransam   QUOTE (firehawkclone @ Oct 6 2008, 02:35 ...   Oct 6 2008, 10:44 PM
rmackintosh   QUOTE (firehawkclone @ Oct 6 2008, 04:35 ...   Oct 7 2008, 12:55 AM
NJSPEEDER   My view of the situation is simple, unless you are...   Oct 6 2008, 09:41 PM
mitchntx   QUOTE (NJSPEEDER @ Oct 6 2008, 04:41 PM) ...   Oct 6 2008, 10:05 PM
trackbird   QUOTE (mitchntx @ Oct 6 2008, 06:05 PM) D...   Oct 7 2008, 12:32 AM
cccbock   QUOTE (trackbird @ Oct 6 2008, 08:32 PM) ...   Oct 7 2008, 01:02 AM
Eugenio_SS   QUOTE (trackbird @ Oct 6 2008, 08:32 PM) ...   Oct 14 2008, 12:40 PM
SStrokerAce   QUOTE (NJSPEEDER @ Oct 6 2008, 05:41 PM) ...   Oct 10 2008, 01:55 PM
mitchntx   QUOTE (SStrokerAce @ Oct 10 2008, 08:55 A...   Oct 12 2008, 11:22 PM
rmackintosh   Sorry to hear of your plight Mitch.....this year h...   Oct 7 2008, 12:58 AM
98_1LE   Hang in there Mitch! Your dream hasn't dis...   Oct 7 2008, 01:14 AM
nape   The ray of sunshine about the whole situation? At ...   Oct 7 2008, 04:08 AM
roadracetransam   I think we are all having a crappy year. As for ...   Oct 7 2008, 06:48 AM
pknowles   As someone who is just starting his career in Janu...   Oct 7 2008, 10:44 AM
NJSPEEDER   Mitch, if you wanted to retire at 55 you were look...   Oct 7 2008, 11:06 AM
CMC#5   When one door closes another one opens. Sorry Mitc...   Oct 7 2008, 12:31 PM
98_1LE   Social security will be around as long as there ar...   Oct 7 2008, 12:46 PM
AllZWay   QUOTE (98_1LE @ Oct 7 2008, 07:46 AM) Soc...   Oct 7 2008, 02:22 PM
sgarnett   The good and the bad: The world economy is in the...   Oct 7 2008, 02:16 PM
ledfoot2   I feel for you Mitch. Two years ago I was racing ...   Oct 7 2008, 02:40 PM
mitchntx   401K .... January 08 - $650K+ across fixed, U...   Oct 7 2008, 03:03 PM
Jeff94TA   QUOTE (mitchntx @ Oct 7 2008, 11:03 AM) 4...   Oct 7 2008, 03:35 PM
AllZWay   QUOTE (Jeff94TA @ Oct 7 2008, 10:35 AM) Q...   Oct 7 2008, 07:44 PM
sgarnett   Ouch. The amount of wealth that is simply evaporat...   Oct 7 2008, 03:26 PM
NJSPEEDER   The market is in a natural cycle, this time it is ...   Oct 7 2008, 05:44 PM
sgarnett   I think there's a bigger problem than that. Th...   Oct 7 2008, 06:13 PM
mitchntx   Any one read or watch Richard Fuld being grilled o...   Oct 7 2008, 06:32 PM
matt f   I know of people who were literally only months fr...   Oct 7 2008, 06:37 PM
sgarnett   Fixed income hasn't proven to be very safe eit...   Oct 7 2008, 07:00 PM
ledfoot2   I would use a coffee can burried in the back yard....   Oct 7 2008, 07:29 PM
pknowles   QUOTE (ledfoot2 @ Oct 7 2008, 03:29 PM) I...   Oct 7 2008, 07:45 PM
NJSPEEDER   QUOTE (mitchntx @ Oct 7 2008, 02:32 PM) A...   Oct 7 2008, 08:01 PM
Jeff97FST/A   Funny you mention the coffee can. We went to a par...   Oct 7 2008, 08:04 PM
matt f   Of course, you could be like a friend of the famil...   Oct 7 2008, 08:57 PM
CMC #37   QUOTE (matt f @ Oct 7 2008, 03:57 PM) Of ...   Oct 8 2008, 12:55 AM
jensend   QUOTE (matt f @ Oct 7 2008, 02:57 PM) Of ...   Oct 8 2008, 01:27 AM
sgarnett   Another day, another month's pay gone   Oct 7 2008, 09:36 PM
mitchntx   QUOTE (sgarnett @ Oct 7 2008, 04:36 PM) A...   Oct 7 2008, 10:39 PM
BigEnos   Yeah my 401K is down about 25% or so on the year, ...   Oct 8 2008, 01:29 AM
MikeP-99Z   Mitch: Wait for some good heavy rains, climb up o...   Oct 8 2008, 07:09 AM
johns68   Sorry, gotta dive into the rant ... both anecdotal...   Oct 8 2008, 07:30 AM
mitchntx   QUOTE (johns68 @ Oct 8 2008, 02:30 AM) to...   Oct 8 2008, 10:16 AM
mitchntx   OK .. so lets look at this a diferent way ... The...   Oct 8 2008, 12:57 PM
marka   Howdy, QUOTE (mitchntx @ Oct 8 2008, 08...   Oct 8 2008, 01:58 PM
mitchntx   QUOTE (marka @ Oct 8 2008, 08:58 AM) Taki...   Oct 8 2008, 08:05 PM
FBody383   QUOTE (mitchntx @ Oct 8 2008, 03:05 PM) Q...   Oct 8 2008, 08:48 PM
marka   Howdy, QUOTE (mitchntx @ Oct 8 2008, 04...   Oct 9 2008, 03:11 PM
pknowles   The Fed came out and lowered interest rates yester...   Oct 8 2008, 02:22 PM
sgarnett   Re the media, on any situation in which I've h...   Oct 8 2008, 03:34 PM
FBody383   QUOTE (mitchntx)Any one read or watch Richard Fuld...   Oct 8 2008, 08:43 PM
T.O.Dillinder   Mitch, Find happiness in the fact you have your h...   Oct 16 2008, 03:53 AM
98_1LE   Yes, a 401k loan simply takes the money out of the...   Oct 9 2008, 02:43 AM
FBody383   QUOTE (98_1LE)I believe the money I yanked from my...   Oct 9 2008, 02:32 PM
bsim   There is absolutely no reason to ponder the value ...   Oct 9 2008, 03:25 AM
mitchntx   QUOTE (bsim @ Oct 8 2008, 10:25 PM) There...   Oct 9 2008, 09:31 AM
bsim   Oops, sorry Mitch. I gets b!tched at at work ...   Oct 9 2008, 03:55 PM
bowtieboy   Anyone take a look at the market today . .......I...   Oct 9 2008, 10:03 PM
PeteL   Pete's rules for investing:If you need the mon...   Oct 10 2008, 01:04 AM
sgarnett   I really screwed up. Even though the 1999 Miata Sp...   Oct 9 2008, 11:51 PM
bsim   Brad's investing advice = Do the OPPOSITE of e...   Oct 10 2008, 01:13 AM
CMC #37   QUOTE (bsim @ Oct 9 2008, 08:13 PM) Brad...   Oct 10 2008, 01:30 AM
sgarnett   Oh, I am buying a little stock now, as I can, and ...   Oct 10 2008, 01:39 AM
Rob Hood   QUOTE (sgarnett @ Oct 9 2008, 06:39 PM) O...   Oct 10 2008, 03:19 AM
mitchntx   Gm stock was and $4.xx /share and Ford stock ...   Oct 10 2008, 06:54 AM
sgarnett   Well, right now the most of the Asian/Australian m...   Oct 13 2008, 01:19 AM
mitchntx   LOL ....   Oct 13 2008, 10:23 AM
v7guy   while I'm sure things will continue getting wo...   Oct 13 2008, 12:57 PM
sgarnett   I agree it's a good time to buy (well, maybe n...   Oct 13 2008, 03:10 PM
SStrokerAce   Did today help?? Friday had all the signs of the ...   Oct 13 2008, 08:13 PM
pknowles   QUOTE (SStrokerAce @ Oct 13 2008, 04:13 P...   Oct 13 2008, 09:05 PM
SStrokerAce   QUOTE (pknowles @ Oct 13 2008, 05:05 PM) ...   Oct 14 2008, 02:25 AM
sgarnett   QUOTE (SStrokerAce @ Oct 13 2008, 09:25 P...   Oct 14 2008, 03:37 AM
pknowles   QUOTE (SStrokerAce @ Oct 13 2008, 10:25 P...   Oct 14 2008, 03:45 PM
mitchntx   QUOTE (pknowles @ Oct 14 2008, 10:45 AM) ...   Oct 14 2008, 04:04 PM
sgarnett   QUOTE (pknowles @ Oct 14 2008, 10:45 AM) ...   Oct 15 2008, 12:50 AM
mitchntx   I need some Maalox ....   Oct 13 2008, 08:30 PM
mitchntx   <burp>   Oct 14 2008, 06:37 AM
AndyJ   Hey all! Yep, still around! . I t...   Oct 17 2008, 05:28 PM

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