Carl Dassbach
Tue, 31 Aug 2010 10:52:59 -0700
An hour ago, I put it all in TIAA traditional. It pays a low (3+%) but guaranteed return but requires a long term commitment. It has taken me nearly two years to get back to where I was before the crash. From all I have read, I believe that the US is in for a Japanese Hisei recession - a stagnant economy, a wildly fluctuating stock market, high rates on unemployment, a long term collapse in real estate prices, deflation, etc. etc. My thinking is that in the case the economy does turn around dramatically and the stock market booms (which I doubt), I will be disappointed but never sorry. BTW, I am looking to retire in 4 years.
CHAD -----Original Message----- From: pen-l-boun...@lists.csuchico.edu [mailto:pen-l-boun...@lists.csuchico.edu] On Behalf Of Jim Devine Sent: Tuesday, August 31, 2010 12:37 PM To: Progressive Economics Subject: Re: [Pen-l] Learned Economists Max Sawicky wrote: > Though depending on the form in which you hold them, when interest rates > spike (very unlikely this year or next, IMO) you could get clobbered. it depends on your time horizon. I'm planning to retire in the year 2525 (because of the song, natch) so I don't care about potential interest rate spike. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l