Hey thanks world economy for tanking just before I retire….I mean shit you were going along so well and then someone got to greedy and now we may be headed for another depression. FUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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This article appears in Oct 9-15, 2008.

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12 Comments

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  2. Yeah, me too – I just hope my future pension will allow me to eat Meow Mix a couple of times a week and have a yearly vet check. This is one more reason why employing a financial advisor is a total fucking waste of time. Has been since 9/11.

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  3. “Yeah, me too – I just hope my future pension will allow me to eat Meow Mix a couple of times a week and have a yearly vet check. This is one more reason why employing a financial advisor is a total fucking waste of time. Has been since 9/11.”One word – Pussylicious 🙂

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  4. I knew the economy was going to go to shit when they started that housing fad. I mean, NOBODY learned from dot com. They inflated the market with housing and energy and now they realised the ponzi scheme fell through. If it were a fly by night business they would be in jail, since it is government, it is a bonus…That’s why I don’t invest in the market, it’s shit and doesn’t represent actual wealth just speculation…

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  5. people retire way too early these days anyway….50????? (that was my earliest retirement date) now I’ll just have to work til I’m 60/65 like my Dad did….

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  6. That sucks.The only silver lining would be hopefully people nearing retirement next time will gradually move their nest egg into something less volatile as they near the age of ending work.

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  7. Get this , talk about greedy, one of those CEO’s, some fat balding dude got a $ 15 million dollar golden parachute from AIG. I’d like to meet that fucker in a dark alley and re pack his parachute..

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  8. a select few got rich from this, no one went to jail, and now all of us….the average working folks are going to pay for it….with loss of jobs, higher inflation, yadda, yadda, yadda….time someone went to jail

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  9. Most people don’t have anyone with their best interests at heart – fer Gawd’s sake, most people are only getting 3% return on their money by buying RRSPs from BANKS – who invest ast a MUCH higher rate of return, and end up with interest YOU should have gotten (which is why they make so much money – on the backs of the clients).Everyone thinks that the only way to get a better return on their money is to invest in the markets themselves or to pay someone else to do it for them… properly diversified funds with a guarantee would have saved most people from this giant mess we’re in.People should educate themselves about investments and available funds. It’s not rocket science – there are a ton of options and knowledgeable, HONEST people out there who can help…

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  10. Come on, take some responsibility for your own doings. You must have been greedy trying to sqeeze some more money out of the market before switching to safer investments. Knowing you were to retire soon you should have invested in more fixed income type investments where interest is paid and the value wouldn’t decrease on you. Not to mention having stock/mutual funds that appresiate in value should not be in an RRSP as in an open plan you would only pay 50% tax with an RRSP you get taxed on all income withdrawn.

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  12. Informant: “with an RRSP you get taxed on all income withdrawn” Which is why you should NEVER withdraw more money from your RRSP than interest it’s earning, and why you should be investing in sousal RSPs for the lower-taxed spouse…

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