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Occupy Underground

Fire Walk With Me

(38,893 posts) Sun Apr 28, 2013, 07:47 PM Apr 2013

43

PBS Drops Another Bombshell: #WallStreet Is Gobbling Up Two-Thirds of Your 401(k) [View all]

Casey Aldridge ‏@CaseyJAldridge

PBS Drops Another Bombshell: #WallStreet Is Gobbling Up Two-Thirds of Your 401(k)
http://wallstreetonparade.com/2013/04/pbs-drops-another-bombshell-wall-street-is-gobbling-up-two-thirds-of-your-401k/
… #ows #mayday #ResistAusterity
Retweeted by Occupy Wall Street

(Internet sucking right now; can barely open a page much less copy a tweet. Sorry, can't open the link to copy.)

38 replies

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Highlight:

PBS Drops Another Bombshell: #WallStreet Is Gobbling Up Two-Thirds of Your 401(k) [View all] Fire Walk With Me Apr 2013 OP

Not sure I understand what they are saying BlueStreak Apr 2013 #1

You're missing a lot of the fine print Warpy Apr 2013 #4

Are you saying that the load the Morningstar (and others) report is not accurate? BlueStreak Apr 2013 #6

I wouldn't call it hogwash, but it's misleading at best Major Nikon Apr 2013 #17

They would have been a lot more credible if they had gone with ... BlueStreak Apr 2013 #19

Agreed. And if a 401k only offers only high-fee funds and has a high management fee progree Apr 2013 #22

Agreed. I have been in 4 different employer 401Ks BlueStreak Apr 2013 #24

Yep, all the hot-shot investors joked about my IRA... Eleanors38 Apr 2013 #26

It wouldn't surprise me if some employers have so trapped their employees Major Nikon Apr 2013 #23

A friend of mine had his 401K invested in a "semi-agressive" portfolio CountAllVotes Apr 2013 #27

I've always looked at stocks as a long term investment Major Nikon Apr 2013 #31

This was a good, and scary, piece Lifelong Protester Apr 2013 #2

Excerpt here: NYC_SKP Apr 2013 #3

I Don't Know What Ms Martens Meant to Say, On the Road Apr 2013 #9

I have mixed emotions about this BlueStreak Apr 2013 #14

I Agree That the Concern is Valid On the Road Apr 2013 #25

In the companies where I have worked, 95% of CEO compensation BlueStreak Apr 2013 #28

VFIAX - VANGUARD = member-owned. And Vgd S&P 500 fund has grown 42-fold since 1976 inception progree Apr 2013 #29

Sorry, but I have a problem with this article... brooklynite Apr 2013 #5

Manage your own investment Dan de Lyons Apr 2013 #7

It is possible, but most people don't do better BlueStreak Apr 2013 #8

Some how not all all unbelievable CountAllVotes Apr 2013 #10

This is pure nonsense (broad-brushing). My 401(k) was mostly invested in Vanguard index funds progree Apr 2013 #11

Bogle recommends investing in index funds nt No Vested Interest Apr 2013 #13

I am a grateful Boglehead nt progree Apr 2013 #16

i invest in ebayables. wall street is a casino. only the HOUSE WINS. pansypoo53219 Apr 2013 #12

Not a bad idea for a chunk of your portfolio to be in such barterable things. AtheistCrusader Apr 2013 #15

I have been posting on this issue for ages. JDPriestly Apr 2013 #18

I'm not sure I'm following much of any of this progree Apr 2013 #21

Why does the tax deferral look so good on paper? JDPriestly Apr 2013 #30

Tax deferral works even when tax rates are the same in retirement progree Apr 2013 #32

I agree that rental properties are not an alternative. JDPriestly Apr 2013 #34

Actually, I deployed some new money in REIT (Real Estate Investment Trusts) progree Apr 2013 #35

Deleted. I meant this to be in reply to #18. Sorry about that. nt progree Apr 2013 #20

Saving for later. Thanks for posting. n/t Laelth Apr 2013 #33

I hope you trash it for the garbage that it is nt progree Apr 2013 #36

I appreciate your insight on this subject. Laelth Apr 2013 #37

You're welcome. Please read #11 where the "2/3" figure came from. It is a hypothetical. progree Apr 2013 #38

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