Enron

[Golfer18--old]

Just watched a man on Fox news, he was about 70. He was really nice. he had 1.3 million in his 401k, now he has 4-6,000$.




The Government Better Do something!!!

 

[gymtime]

I'm gonna get killed for this. But anyone who puts 100% of their 401k into company stock bears at least some responsibility for something like this happening.

 

[Golfer18--old]

Yes i know, but hes old, he worked his whole life and now its like he is just starting.

 

[gymtime]

Agreed. And yes,something definitely should be done. It's not as if the stock just went down by natural economic causes. I believe these people were robbed, plain and simple.

But there's a lesson for all you kids out there no matter how this turns out.....DIVERSIFY YOUR RETIREMENT!!!

 

[Golfer18--old]

Agreed. And yes,something definitely should be done. It's not as if the stock just went down by natural economic causes. I believe these people were robbed, plain and simple.

But there's a lesson for all you kids out there no matter how this turns out.....DIVERSIFY YOUR RETIREMENT!!!

Yes, i will def. keep this in mind when i retire.

 

[tordön]

I'm just guessing here, but I'm usually pretty close on these things- anticipate more portails of the average Joe who was victemized by this scam in the next few months-and then the REpubs will arrange at least a partial debt bailout-leaving a lighter Enron and position them for a buyout-and that is where the average Joe(guessing again) will get about 20-30% of their Enron-related retiremnet assets back. The warm fuzzy the repubs get credit for by spotlighting those who are most grateful helps them in the elections.

 

[Natymike]

These investors won't get any compensation from the government.

The gov will just instill "preventive laws to ensure that something like this never happends again"

 

[WODIN]

The govt. has already done something. They dismantled a regulatory and reporting frame work that allowed this to happen in the first place.

I'm tired of trying to drill the truth through peoples thick skulls...fuck it. Watch out for your own investments, put damn little in a 401k and pray. Yeah I said damn little, they're too constrained. Fuck the matching if you can't make that up on your own you are a moron.

 

[BuggyWhips]

Start you own Roth IRA. People depend on these 401k's too much for retirement and within a second can loose it all. I say get into an index fund. No analysts, just the gains on the market itself.