your 401k is giant scam

Your 401 k is a scam http://kevindblanch.blogspot.com/

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[kevindblanch]

see more vist my site futuresandotions101

[mejt223]

@kevindblanch more knowlege and truth from the king K. Blanch!

Your coverage of everything has been out of this world good. America needs a guy like you to teach these people what the hell is really going on. Seriously, how effective could you be, as one person, speaking to the country every night.. Now that would be some hope and change!

[AlexChavez18]

those mountains look like the Wasatch front to me, Utah!

[tig1142]

@tig1142

The dow might go to 30,000 next year but it won't matter if a loaf of bread and a gallon of gas is $10

[tig1142]

@tig1142

I agree with you that people can use statistic to make anything look good. Gold is a commodity but it is also REAL currency and has been for 1000's of years. NO country can print gold and thats why all currencies always eventually fail. The dollar is no different and has lost 98% of its value since the fed started printing money in 1913. Since our stock market is based on our currency it has also been a loser since the great depression.

[TheGoalSetter]

@tig1142

I think you misread my post. I dislike the market...but used it to make a point about relativity...the OP was referencing his numbers to gold...but it can be referenced in a variety of ways to make anything look good. It's statistical deceit.

BTW: Gold is part of the market...a commodity. People are pushed to buy gold stock or massively overpriced diluted coins...not real gold. When ordinary people try to sell their "gold", they will won't get much. The con artists are laughing.

[tig1142]

@TheGoalSetter

Wrong you lose. Since 1990 the stock market has doubled in value, but when you factor in inflation and dollar debasing, you have lost half of your money. Gold on the other hand is up 1100%

[TheGoalSetter]

@TheGoalSetter

If you bought gold in the 90's...great! You made a killing. What has that got to do with today?

I agree that low interest rates drive you to the market, but the market includes gold....a single commodity...that's like investing in one stock...crazy.

if you are going to bother gambling in the market, I agree with you to find old mutuals with a very long good track record. That's where my market money is, but I wish I never bothered with 401Ks.

[TheGoalSetter]

Your $185 to $30k in ten years numbers are based on gold. Pffft. Since we are talking about 401Ks, will new retirees buy gold coins to roll around in? No. Many want to buy a new house. So let's compare houses to the market for the past decade.

I bought my house in the late 90's. Since, it has rising in value about 30% (even after the housing bubble burst). Meanwhile, my stock portfolio has risen over 50% since the late 90's...just on interest (including the 2001 and 2008 drops). Market wins.

[commando602]

401K a scam or not...you live in a beautiful and amazing place....Those mountains behind you are just freaken beautiful...