Reply #6: believe it or not........... [View All]

[louis c]

My 401 (k) was in the Market when Clinton won. just a coincidence that 1992 was my first year with my employer. the market went up 340%. however, I'm a union guy and ended up more union than i ever thought, becoming President of my local in 2002. Well, anyway, in 2001, when Asshole Bush took office, I moved my funds into a guaranteed annual 3.5% fund. It now was about $50K. The market was 10, 571 on that day. I actually didn't do it for economic reasons, but for political ones. I didn't want my money to further the exporting of jobs. I learned at labor seminars (I was an assistant BA in 1999-2001 in my local)that in order for American companies to prosper they would have to move the jobs overseas. Other investments were in Global companies that actually competed in taking our jobs away. Kinda like the reason we wouldn't by Krugerrands during Apartheid. So, I really wasn't so smart financially, but lucky. In the 8 years Bush has been president, I've received a plus 30% instead of a minus 20%.