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POTUS 45.23 - Wrapped in the flag and carrying a cross

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unofan said:
Joe employee isn't in his job to invest. He should stick to running the machine which he knows.
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Please please please tell Mookie next you want the return of the company store cause joe manufacturing can’t make decisions on the best tide or Clorox to buy :D
 
Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

dxmnkd316 said:
No, they can add and subtract. That’s why defined benefit pensions are gone.
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Wrong. If they could add and subtract the pensions never would have gone broke in the first place. All of these people in the investment industry lie about the great returns you're going to see. They never tell the truth about investing or how the 1% rig the stock market in their favor. I've been "invested" for over 20 years and I know what happened to my dad with his pension so I know what I am talking about.

All the pensions (especially from 1980 on) assume huge unrealistic returns. When people were getting me going in investing my money and I was starting to get a 401K the return estimates were all lies. I know because none of them came true.
 
Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

unofan said:
Joe manufacturer can do the same farking thing for his pension plan.
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As you said, it comes down to risk. The company can either (a) assume that risk, or (b) pass that risk along.

If the company tanks, all xx,xxx employees' pension is shot. One might argue the company going 401k (not DPP) lowered risk for the employees by not having them "double dependent" -- job and pension. (Not sure if it's a great argument.)

If Joe Bagadonuts makes bad investment choice on his 401k he's shot but the (xx,xxx - 1) are fine.

If the whole market tanks, well, all xx,xxx in either scenario are screwed.
 
The Sicatoka said:
As you said, it comes down to risk. The company can either (a) assume that risk, or (b) pass that risk along.

If the company tanks, all xx,xxx employees' pension is shot. One might argue the company going 401k (not DPP) lowered risk for the employees by not having them "double dependent" -- job and pension. (Not sure if it's a great argument.)

If Joe Bagadonuts makes bad investment choice on his 401k he's shot but the (xx,xxx - 1) are fine.

If the whole market tanks, well, all xx,xxx in either scenario are screwed.
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A pension is not invested in the company itself. And it should be treated as a wholly separate entity from an accounting standpoint.

The problem is it became too easy to raid the pension fund and "forget" to repay the loan until it was too late.
 
Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

unofan said:
The problem is it became too easy to raid the pension fund and "forget" to repay the loan until it was too late.
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Yup. Like I said (, times get tough, that pile of money is just sitting there, ...) company goes down, pension goes down. All too common.

That's why I never let myself get "double dependent" to an employer.

Heck, even today I look at how my mutual funds and stocks (via employee stock buy plans) are invested and make sure I'm not more than 5% (dollars) exposed to any single common stock. By my own "5%" benchmark I recently sold a bunch of MSFT* because one of my mutual funds bought a bunch.


*Yes, I used to work for the evil empire.
 
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Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

SJHovey said:
Defined pensions are gone because of risk. It is less risky for an employer to just give a certain amount of money to an employee today and let them invest it in a 401k than for the employer to take that money and invest it itself in such a way as to guarantee itself the money will be around when it's needed, in the amount that is needed.
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It's not risk, it's greed. Employer can offer a pittance to his employees as a 401k match compared to the amount he would have to contribute to fully fund a pension plan.
 
Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

unofan said:
A pension is not invested in the company itself. And it should be treated as a wholly separate entity from an accounting standpoint.

The problem is it became too easy to raid the pension fund and "forget" to repay the loan until it was too late.
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Or, other company sees that huge pile of coin sitting in that pension plan, and buys them, liquidates the company and pockets that pension money for themselves. Employees? Too effin' bad.
 
Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

Tiggsy said:
Well, you definitely won't win any of them over by constantly referring to them as stupid. And that is how you win elections... win more people over to your side.
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Wait. I thought being PC was out of style. But maybe if he uses big words instead they will never know?
 
unofan said:
A pension is not invested in the company itself. And it should be treated as a wholly separate entity from an accounting standpoint.

The problem is it became too easy to raid the pension fund and "forget" to repay the loan until it was too late.
Click to expand...
Or have the company pay into it and the Union manage the pension like mine.
 
Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

tD turned down an offer by the Russians to send 5 broads to his room.

Strength!!!
 
Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

mookie1995 said:
tD turned down an offer by the Russians to send 5 broads to his room.

Strength!!!
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Perhaps Melania was too close by. Not sure the Trumpster wants to pay the yuuuuge bucks for another divorce.

Either that, or he forgot his Viagra that trip. ;)
 
Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

mookie1995 said:
tD turned down an offer by the Russians to send 5 broads to his room.

Strength!!!
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Wouldn't have mattered if it had been just one. His thing is bragging, not doing. The Russians probably just called his bluff and then laughed about it, just like every other foreign leader laughs at his bluster-then-cave routine.

Not to say we don't all fear he will someday do something wildly stupid to feed his narcissism. But that would be with real weapons, not the little pee-shooter in his pants.
 
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Re: POTUS 45.23 - Wrapped in the flag and carrying a cross

The Sicatoka said:
Special interests buy politician.
Sun rises in east.
Water: wet.

Tell me how to fix the system.
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Publicly funded elections.
I could stop with that but ---
Strong and clearly stated prohibitions on bribery, corruption, influence peddling, pay to play - whatever you want to call it
Fully funded and staffed regulatory and investigate bodes to enforce the above
Chit can Citizens United - aka have a real Supreme Court that values the rule of law and the country's best interests in place of the plutocratic capture on display now

And you scuk at analogies, too - how are 2 naturally occurring and good things anything at all like the total debasement of our democracy illustrated in the first thing?
 
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