35-44 year olds crushed by Recession [General] - MarketTicker Forums


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User Info	35-44 year olds crushed by Recession in forum [General]
Nanna Posts: 5691 Incept: 2008-01-20 NY State	I have that age group (35-44 give or take) particularly overweight in money market funds/cash alternatives. I'm risking them ditching me as an advisor as a result of underperformance when the markets go up, but I feel that preserving the integrity of the funds they are taking out of spending and are instead saving is more important. It is a contrary strategy to "get your money working for you" kind of mentality, for sure. I just do the best I can. N/not investment advice ---------- "There are fluctuations in the market that don't mean anything."Ira Gluskin, February 14, 2012 2012-07-06 18:41:22 Permalink
Pitz Posts: 860 Incept: 2010-04-08 voluntary resigned	Quote: Maybe being a little smarter than average shouldn't make one feel entitled to wealth and glory. Being far smarter than average shouldn't be a death sentence or condemnation to poverty, which is exactly what it has been for hundreds of thousands of domestic STEM workers. 2012-07-06 19:36:05 Permalink
Asimov Posts: 104700 Incept: 2007-08-26 East Tennessee Eastern Time	Nanna: If you already have money, that's excellent advice imo. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-07-06 20:40:16 Permalink
Eighty6thebs Posts: 4212 Incept: 2007-06-26 It's contained to sub-prime!	Nanna-what return are you getting with that mx? I'm in that age group and sitting mostly cash making next to nothing. ---------- "Sounds to me like you guys a couple of bookies" - Billy Ray Valentine "No I am not scared, and neither should you be!" - Iraqi Information Minister 2012-07-06 20:49:13 Permalink
Nanna Posts: 5691 Incept: 2008-01-20 NY State	86, low single digits, with about half in long term classic investment stocks and half in money market. Nothing impressive, to me it's more important that my clients aren't disheartened by putting savings away than making a killing. Hopefully they are understanding what page I'm on, as an old fogey :) ---------- "There are fluctuations in the market that don't mean anything."Ira Gluskin, February 14, 2012 2012-07-06 21:22:48 Permalink
Grody Posts: 3731 Incept: 2008-02-19	H-1Bs for the military? Quote: Stretched thin in Afghanistan and Iraq, the American military will begin recruiting skilled immigrants who are living in this country with temporary visas, offering them the chance to become United States citizens in as little as six months.......and about 29,000 foreign-born people currently serving are not American citizens. http://www.nytimes.com/2009/02/15/us/15i.... ---------- Pain is weakness leaving the body. Bulls need more pain NOW. 2012-07-06 22:19:34 Permalink
Rjazz117 Posts: 17965 Incept: 2007-09-11	Didn't Rome do that (recruiting foreigners into its military) back about 2000 years ago...right before it fell? ---------- �To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.� Thomas Jefferson 2012-07-07 10:55:06 Permalink

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