"When the plane is going down and the oxygen masks have dropped and parts of the plane are peeling off as you plummet toward the earth, that’s not the time to pull out the little card in the seat in front of you and say, ‘Gee, where are the emergency exits?' Everybody should have an emergency plan. The time to make these decisions is not when people are running around with their hair on fire."

Barry Ritholtz

UPDATED 10/27;I'VE INCREASED MY 401A DEDUCTION TO THE MAX. IT'S THE RIGHT THING TO DO.

CHARTZ AND Table Zup on www.joefacer.com

I got a lot to say. Not a surprise. See ya here later this weekend.

Like, say...... NOW!!!

Things Got Ta Get Better Inna Little While...... Eric Clapton

Got Ta Make This Smokin' Heap O Cratered Crap Back Into A 401a Inna Little While........ Joe Facer

Clickit!!!!!

Ya gotta stand back in awe; We were told by liars or the clueless that the problem was contained and that all would work itself out in the short term, and after all, we were in it for "the long term".

I'll be 58 years old in a matter of weeks. Don't talk to me or anybody my age about getting back to even in "the long term". If I'd have stood there and taken the hits in the Balanced Pooled Fund, I'd have lost four years of investment income in 10 months. Make no mistake, The 401a WILL turn around someday and start to go back up. The only question is whether or not you want to start rebuilding your 401a from a crater in the basement or to continue on from where you stepped off the elevator on the way up. What makes it more complicated is that I see no reason to believe that we're gonna get growth and return rates equal to that of the bubble era we just went through. Maybe it'll take many of us six to eight years to undo the lost returns. Only to end up where we already were many years previously.

You have to understand that the 401a is a "self directed" plan. I can't for the life of me figure out why you were told that what that meant was the 401a was a "do nothing" plan.

Risk management is the key. That's why I stepped off of the elevator after it topped out.

THIS IS HUGE

http://www.msnbc.msn.com/id/27368452/

I'm back to thinking that the MetLife GIC MAY be OK to invest in. The returns are better than treasuries and mortgage bonds and the safety MAYbe a toss up... The American Funds Gov is half mortgages.....not good. The GIC per the K and G website says that they pay off if it is not inconvenient to do so..... not good. WTF, the tax payers (us) are gonna cover it all.... not good. Damned if you do, damned if you don't. I sense a theme....

When the world is running down
You make the best of what's still around.
The Police

Stay tooned.



See ya at the hall. Anybody gonna show up at the Nov 6th 401a meeting?