Changed the funds in my 401K tonight. It was tanking quickly. Playing it safe for now. I figure it's better to make almost nothing than losing $$. It had been doing very well until lately.
So glad Social Security wasn't privatized (and I don't think ever will be). There's no security to be had in the stock market, except perhaps for the people who make money managing your 401K whether it's doing well or tanking.
I read in passing today that Eric Cantor said in front of a conservative audience that the U.S. will have to "break its promises" to the public regarding Medicare, etc. That won't happen if the tax rates on the wealthy, etc. are modernized and made more fair. I trust that will happen eventually, as people catch on to this vast orchestrated scheme of being fucked over.
[Saturday night late] I hope it was a good idea to change my 401K around, at least for the time being. Tonight I read that in reaction to S&P's downgrade of U.S. creditworthiness, the stock market may take another plunge on Monday.
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