How the hell can you retire with a 401k??

[Dexter Morgan]

I already loaded a screen cap of my YTD gains on the site as well so I am not tripping.

Go to the site type: investing in stocks in the search.

I did. Hehehe! An individual account on Fidelity.Com! WOW, you ARE a Master of the Universe! You must have what - $50K AUM?? Your frat brothers? I guess I don't need to ask what prime broker your firm uses or which IDB you put trades through!

Do you do your books on "Quickbooks", too??

 

[Dexter Morgan]

Sorry if this is a tad nasty...I just feel like exposing poseurs is something of a duty. I don't do it w.r.t. game, because that is subjective. But money? I'd hate to see any of you piss away your hard earned cash with this guy.

 

[WestCoast]

^^ so load up your PA with better than 70% returns? Prove me shitty.

You've trolled yourself.

It takes 5 seconds I'll crown you the new guy to listen to. Seriously, do it I don't care if you've got the cards show me up and I'll tell people to listen to you.

The only accounts I am willing to show are individual I am not retarded.

 

[WestCoast]

Well screen cap? Or you still vigorously searching for a fake one.

 

[Dexter Morgan]

^^ so load up your PA with better than 70% returns? Prove me shitty.

You've trolled yourself.

It takes 5 seconds I'll crown you the new guy to listen to. Seriously, do it I don't care if you've got the cards show me up and I'll tell people to listen to you.

The only accounts I am willing to show are individual I am not retarded.

Uh, your point is that you're so good you can do 70%? I know a guy on this board who said that anyone who thinks that even 2-3% is easy is full of it, that if he could only do 2-3% a month, he could retire in 2 years. Who was that guy again? Oh yeah - it was you!

http://www.rooshvforum.com/thread-20949-post-381568.html#pid381568

So which is it? Do you struggle to do 2-3% in your dreams, or did you do 70%? Can you make up your mind? Do you even know?

In any event, none of this PROVES anything - you can make up whatever you like! If you want to prove some insight of the markets, try responding to questions about YOUR assertion that those who believe the Fed's actions can lead to (yet another) bubble "know nothing".

That would be a nice change of pace, Cupcake.

 

[WestCoast]

Okay so you don't come through.

No where do I say returns are easy either you're putting words in my mouth. You have done this many times already, I never said I run a $20B book or even run a book, I said you're a nobody if you don't work at a HF and top tier is running a book. Re-read the thread.

Where is that screen cap? I have met forum members, I have added value, I have screen caps, I have the correct answers to Wall Street interviews and yet I have something to prove to you?

GTFO keep cupcaking me.

 

[Dexter Morgan]

Okay so you don't come through.

No where do I say returns are easy either you're putting words in my mouth.

Where is that screen cap?

Yeah and I have something to prove to you? GTFO keep cupcaking me.

Classic misdirection. Like arguing with a girl. I never offered to show you a screen cap. Even if I did - I couldn't - I don't have a single screen cap - my money is with 4 different MM/brokerage accounts. I don't manage all of them myself; half my assets are professionally managed. I would advise anyone to diversify their assets, including their money managers, just the same: No one is an expert on everything! I don't want anyone on this board to give me money, and I have NO website that sells anything. Unlike someone else I know...

Unlike me, who claims no extra-ordinary skill, YOU, on the other hand, made a claim about the macro economy of which you CLEARLY have very little understanding. And have refused to write even two sentences backing up ***YOUR*** original assertion. And yet YOU want people to trust you/your website with money?? You're a joke!

All hat, no cattle...who would trust their money with someone who can't even answer a simple question on an assertion THEY made??

 

[WestCoast]

Wtf I don't sell anything nor am I asking for money from you guys? Nor do I claim skill, I am just posting my returns... All we are doing is recommending shit Ee use and getting donations for charity so????

As a quick answer to assets even warren buffet says "the best single asset to buy right now is single family homes". I agree with him.

You have embarrassed yourself.

So your claim that you do know macro is better? Lol nonsense.

I'm done with the thread I am arguing with a guy who was shown the conference room at year 3 or so.

 

[Dexter Morgan]

Wtf I don't sell anything nor am I asking for money from you guys? Not do I claim skill, I am just posting my returns...

You have embarrassed yourself.

Huh? You don't sell anything or ask for money?? So I guess this link on your page (that you include in your signature) is from someone who hacked you? "Approved products" ISN'T you selling something? "Buy us a drink" ISN'T you asking for money. Uh, ok...

http://wallstreetplayboys.com/approved-products/

Tell you what, Cupcake: I'll go along with the gag: You know MUCH more about investing and the macro environment than anyone else on this blog. So I ask you - no, I beg of you - help enlighten those of us who aren't as knowledgeable as you: Why CAN'T the Federal Reserves continuing expansion of credit lead to any number of asset bubbles? Help us understand where those of us who smell the same potential bubble trouble that cropped up in 2001, 2006, and 2008 "know nothing". Seriously - I'm dying to know!

p.s. - I admire that you've linked this thread on your website. First honest thing I've seen you do! Let people reach their own conclusions about your ability (??) to assess market conditions. I predict you'll take it down in a day when the full scope of what it reveals dawns on you...

 

[Dexter Morgan]

Am I the only one here who wants an answer to this question? Surely most of you either currently own assets in the stock market or the real estate markets, or plan to at some point. And if you've not been in a coma since 2002, you know what happened to real estate in the U.S. (and Ireland, and Spain, and ....). Don't any of you want to know what special insight allows this conclusion?:

"Hahaha at all the guys talking about real estate bubbles again, that means they don't understand what the govt is doing."

(Shameless ask: I'd LUV for just one other poster to reply "yeah ...answer the question!")

 

[samsamsam]

I am curious how kicking the can down the road will work out for the US and the world. I am super grateful since I have do some debt adjusting under better terms and my portfolio is up a great deal, but I do wonder where this all leads to.

Not to make this terribly personal, but bankers, from my experience are not as concerned with the overall economy as much as it is making fees and bonuses. Make money on the ups and the downs. Just the average joe who really suffers. I am sure a ton of my classmates contributed to the pain in 08.

 

[Dexter Morgan]

As a quick answer to assets even warren buffet says "the best single asset to buy right now is single family homes". I agree with him.

Thank you for editing this post to provide SOME sort an answer. But of course, its VERY faulty:

1) For one, its the logical error "appeal to authority". It says NOTHING on its own of YOUR beliefs. That's the extent of your market knowledge - " I do whatever Mr. Buffet does"?
2) Warren Buffet made this assertion on CNBC in FEBRUARY! A lot has changed since then. Particularly in regard to equities, but also regarding other macro factors such as the deficit, the shape of the yield curve, etc.
3) If you are as savvy an investor as you say, you know that the big money on Wall Street is famous for "front running" a trade: Buying something cheap, THEN advising the rest of the world to buy it, THEN dumping it before it all crashes. GS plays this game all the time. But of course, Warren Buffet, a savvy investor and a large GS shareholder, would NEVER do anything like that!
4) This only tells us a CONCLUSION - it doesn't tell us WHY. YOU were the one who got into the specifics about fed easing and how people "Don't understand what the government is doing".

So I beg you, for the 400th time, please tell us "what the government is doing" and why is means an asset bubble can't be reinflating. Because a lot of smart people think it might be.

 

[Dexter Morgan]

I am curious how kicking the can down the road will work out for the US and the world.

Me too! And we have an expert on this very board who tells us it work out just fine, and those of us who aren't as certain "just don't understand what the gov't is doing". But he won't tell us exactly what that is :/

 

[Dexter Morgan]

Apologies to those who think i'm being a dick. Yes, I know I'm being a dick. Sometimes, a guy's gotta make a point. And I don't make a buck off of selling stuff on a financial website; other people do...

 

[WestCoast]

I am in a good mood. Okay look I agree with warren buffet, because previously when Japan went through the same shit, they did not asset inflate. It is my belief that this will lead on to asset inflation to get houses above water.

This means you buy single family homes because you get the spread on interest and you also protect against inflation. This is a good return, also the credit needed to get homes is strict now, so you know it's not like before when Joe Schmoe could buy a house.

Again I agree with Buffet the above is my quick take.

Your below post is your opinion. People can listen to you if they want I really don't care. No where did I say I am an expert, you have put tons of words in my mouth and have zero credibility. I have nothing to prove to you, I again don't care if people listen to you or me or not, make your own call. We disagree and that is cool I am not mad or upset, take advice from who you will.

Also I am not recommending purchasing anything, make your own decisions my opinion is on here. I make no money from the website so that is a non issue it goes to charity.

Got it? Cool go make your own calls you have my opinion, or listen to dexter, truly don't care.

Do your own work, make your own calls, live with them. If I am wrong okay great cool.

As a quick answer to assets even warren buffet says "the best single asset to buy right now is single family homes". I agree with him.

Thank you for editing this post to provide SOME sort an answer. But of course, its VERY faulty:

1) For one, its the logical error "appeal to authority". It says NOTHING on its own of YOUR beliefs. That's the extent of your market knowledge - " I do whatever Mr. Buffet does"?
2) Warren Buffet made this assertion on CNBC in FEBRUARY! A lot has changed since then. Particularly in regard to equities, but also regarding other macro factors such as the deficit, the shape of the yield curve, etc.
3) If you are as savvy an investor as you say, you know that the big money on Wall Street is famous for "front running" a trade: Buying something cheap, THEN advising the rest of the world to buy it, THEN dumping it before it all crashes. GS plays this game all the time. But of course, Warren Buffet, a savvy investor and a large GS shareholder, would NEVER do anything like that!
4) This only tells us a CONCLUSION - it doesn't tell us WHY. YOU were the one who got into the specifics about fed easing and how people "Don't understand what the government is doing".

So I beg you, for the 400th time, please tell us "what the government is doing" and why is means an asset bubble can't be reinflating. Because a lot of smart people think it might be.

 

[MikeCF]

Dexter, you don't even know the difference between pump and dump and front running.

You #3 point mentions front running but describes a pump and dump scheme.

Spend some more time in Wikipedia please.

 

[Dexter Morgan]

Mike: You are completely right, I misspoke. It is more of a pump and dump. Doesn't really change the point though.

 

[TheCaptainPower]

Westcoast knows his stuff, i've been following him. You can disagree with his outlook on the economy, but he still knows his stuff...

 

[worldwidetraveler]

and you also protect against inflation.

That is the big one for me especially with the printing presses on overtime.

 

[TheCaptainPower]

Let's get back to the original question I posed:

You have a Great career, and you hit 62 today with 1 million in your 401k....

You are at MOST going to get 3-5 percent, which equals 30-50K a year. Most or almost 90 percent of americans are going to have a pretty shitty retirement.