| What national % of IRA was lost in this depression? |
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eastmn
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| What national % of IRA was lost in this depression? |
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Anyone know what average percentage retirement
funds was lost? Many people I know lost 30 to 40%.
As far as average fed, state, and city employees,
does anyone know the numbers there? Can anyone
point me in the right direction?
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Sat Jul 09, 2011 3:11 am |
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eastmn
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Cash: $ 85.80
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Thanks Coaster. A large portion of the mortgage and credit card/loan derivatives became worthless; where many large (corp and govt) IRA funds were exposed.
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Sat Jul 09, 2011 11:17 am |
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oldguy
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quote:
where many large IRA funds were exposed.
Depends on what you mean by 'many'. Yes, some billions of dollars were involved. But as a percentage - no, almost none, over 90% of IRA dollars are in equites, the rest are mostly CDs.
As you say, most IRA's dropped 30% to 40% in the 2008 recession - and they have regained nearly all of it in the last 2 years.
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Sat Jul 09, 2011 1:15 pm |
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eastmn
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Cash: $ 85.80
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I've been goggling this for hours and don't find much of anything. Google what? "Avg IRA spreads"? Just a few articles where certain investment groups were putting clients at high risk strictly to churn commissions.
http://www.traderdaily.com/category/derivatives/
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Sat Jul 09, 2011 5:20 pm |
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oldguy
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quote:
where many large (corp and govt) IRA funds were exposed.
eastmn - where did you get this idea to start with? That story should have some leasds. (I haven't heard it, I have no reason to believe it.)
BTW - 'churning" and "putting clients at high risk" are two different things. A client could be churned back & forth between GE, a bond fund, and index fund, and back again - no high risk, just higher commissions.
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Sat Jul 09, 2011 8:03 pm |
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oldguy
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Cash: $ 751.85
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Location: arizona
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eastmn - it appears that you are confusing pension plans with IRA plans. Most individuals that contribute to their 401k and/or IRAs invest in stocks, most often an SP500 Index Fund or similar. In general, those plans fell about 40% in the recession. And they have grow about 20%/year each years for the past 3 years. So overall IRA value are up, not down.
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Fri Jul 20, 2012 3:30 am |
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eastmn
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Cash: $ 85.80
Posts: 414
Joined: 04 Apr 2010
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Oldguy,
I had been looking at both. Appears to me that the pension funds were more heavily into derivative products and lost their asses (zero value); and then the pension fees probably didn't help (wolves in the hen house).
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Sat Jul 21, 2012 5:58 am |
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littleroc02us
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Wow Coaster that couldn't have been said better. My invesments have recovered also 110%, luckily I continued to buy when prices were depressed. I'm not sure mathematically how that influenced my results but I am optimistic about reaching my own personal goals. The world is ending theory that the social media loves to throw around is falling on my deaf ear.
Risk comes from not knowing what you're doing. (Warren Buffet)
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Mon Jul 23, 2012 2:48 pm |
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littleroc02us
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Cash: $ 384.35
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quote:
heh heh ... ya, "social media" ... there was an author once who used the term "groupthink" ...
Isn't that an oxymoron when referring to the media. 
Risk comes from not knowing what you're doing. (Warren Buffet)
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Mon Jul 23, 2012 3:57 pm |
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