Re: [Pen-l] Learned Economists

[Max Sawicky]

Makes sense if you think you'll have enough for retirement and/or you are
risk averse.


On Tue, Aug 31, 2010 at 1:50 PM, Carl Dassbach <dassb...@mtu.edu> wrote:

> 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.
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