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#Post#: 9873--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: June 21, 2012, 11:03 am
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[center]After Facebook, Lawmakers Push for IPO Changes
HTML http://www.youtube.com/watch?v=U1cKscuxtJE
#Post#: 9875--------------------------------------------------
Re: All Things Money
By: Mac Date: June 21, 2012, 11:27 am
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[quote]401k Hidden Fees?[/quote]
Thanks for highlighting this. I will keep an eye out for this in
July.
I can only hope I'm not getting screwed
#Post#: 10110--------------------------------------------------
Re: All Things Money
By: Mac Date: June 29, 2012, 12:10 pm
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more news on hidden fees
[glow=red,2,300]Your family is probably losing $155K from 401(k)
plan, and why new rules won't help[/glow]
[quote]A two-income American family with an average income that
dutifully invests in a 401(k) plan using typical strategies will
lose $155,000 – or about 30 percent of what they should have
saved for retirement -- to Wall Street fees, according to a
study by an economic justice advocacy organization.
The Demos study, released last month, is just the latest in a
long string of research showing 401(k) plans are a better deal
for Wall Street than for you. Many show that people lose about
one-third of their retirement money to fees that they don't even
know they're paying. The actual lifetime impact of fees is a
matter of widespread debate, but it shouldn’t be. In one
dramatic example, John Bogle, the inventor of index funds,
demonstrated how fees can consume 80 percent of an investor's
money through something he’d dubbed “the tyranny of compounding
fees.” (Click on the link to see his proof.)
But some relief may be on the way. Regulations first set in
motion in in 2007 (!) will finally kick in next week. Soon,
401(k) statements will include a fact box -- similar to the new
info-boxes on credit card bills -- that lists the fee rates
(“expense ratios’) associated with fund selections and shows in
dollars how much the investor paid.
The disclosure box is a welcome change, but it's probably not
going to make much of a difference, laments Robert Hiltonsmith,
author of the Demos study.
More...
HTML http://redtape.msnbc.msn.com/_news/2012/06/29/12465334-your-family-is-probably-losing-155k-from-401k-plan-and-why-new-rules-wont-help?lite[/quote]
#Post#: 10111--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: June 29, 2012, 12:14 pm
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Sometimes I ask myself why even put money in the bank or any
other loan institutions. I think it makes more sense to keep
money under a mattress these days than have to deal with all
these hidden fees.
#Post#: 10117--------------------------------------------------
Re: All Things Money
By: Mac Date: June 29, 2012, 1:23 pm
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It can get depressing, can't it.
#Post#: 10118--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: June 29, 2012, 1:28 pm
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I invested money in a bunch of James Bond DVD's when they first
came out. But with Blu-ray now the standard of home
entertainment, that basically made all my DVD's worthless or
more accurately....Junk Bonds.
Thank you. I will be performing for the next 2 months at
Caesar's Palace in Vegas. Tell all your friends.
Two drink minimum.
[IMG]
HTML http://i74.photobucket.com/albums/i266/Chiprocks1/Smilies/0%20All%20Smilies/ThumbsUp.gif[/img]
#Post#: 10119--------------------------------------------------
Re: All Things Money
By: Mac Date: June 29, 2012, 1:39 pm
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And Please Tip the waitresses.
#Post#: 11426--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: August 14, 2012, 11:25 am
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[center]How to Avoid Cash-for-Gold Scams
HTML http://www.youtube.com/watch?v=z3bZseKZrp8
#Post#: 11431--------------------------------------------------
Re: All Things Money
By: Mac Date: August 14, 2012, 1:31 pm
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I don't have gold to be swindled...
[IMG]
HTML http://i74.photobucket.com/albums/i266/Chiprocks1/Smilies/0%20All%20Smilies/banghead.gif[/img]
#Post#: 11432--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: August 14, 2012, 1:47 pm
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Start panning down by the river......next to the White Van.
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