401Ks are a disaster: Column

[KoKo]

142. DU has a forum for STOCK MARKET WATCH....there are folks

here who understand...but...the problem is the damned system is so complicated, (designed that way) that most folks working to deal with life and kids and famlies can't spend 24/7 reading the Prospectus of every stock they buy and watching for the reports to figure out if the stock is real or not...or if their Mutual Fund is scamming them. That's why this "extend and pretend" for the Financial system is going to end badly..(probably) for many average Americans who can't have time to research what they buy (and 2008 Implosion showed the LIES) or to find what's a "safer investment" when even the "Experts" don't know what's SAFE these days.

If you are a Saver...you get no return on your money these days and you are really getting to point of being "underwater" with the "Silent Inflation" that's eating away....and who has Money to Pay an Investmet Advisor for your "portfolio management" and WHO WOULD PAY given that so many Lost the money of their Investors by thinking the Housing Boom would never end...after putting their folks into Tech Stocks in the late 90's thinking the "Dot Com Bubble" would never end.

Whatever...too complicated to go into ...but 401-K's were for the Sophisticated Investor who had either time to do their own research (which didn't end up so good the last decade and a half) or to pay an Investment Advisor" who might have put you into High Fee Mutual Funds which many got wiped out down in the latest '07-08 Implosion.

This is too much for us Average Working folks to have to Deal with given that we work for little, have less time with Family and are already going down with what's going on in our economy. How many live in a place where they could find an "Honest Investment Advisor" who isn't working for their OWN livelihood and could care less about what you are given them to manage because they know they can take the money and use it for their own good and to hell with YOU because they will NEVER BE PROSECUTED for Stealing your money.

It's a mess. Good for the Savvy Uber Class...but not for the rest of us. IMHO

HERE's LINK TO DU: "Stock Market Watch"

http://www.democraticunderground.com/111630138