What's up with all the strikes lately?
- Thread starter mentalfloss
- Start date
You're insane.
Do you know how many Asian youths I grew up with wishing they had the freedom to not have to build their lives around taking care of old parents in their homes?
Do you know how many elders I know who looked at the start of life when the kids finally left home?
Do you know how economics works and how investment is investment such that people can get the returns as dividends in the form of dividends or as smoothed out pension payments?
They are a simple idea and foolproof unless the managers hired have the IQ of a hamster and/or if the jackals of capitalism can't stand beings other than themselves getting returns.
perhaps, but in Canada it is just another form of payment to the employee, most of which never receive any.
Typical response from a typical 'do as I say not as I do' type of liberal.
Confirm or deny: You will have the same opinion when you will (hopefully) reach retirement age and dare to lay claim to funds you have contributed towards, all your working life.
Please note: I do not have a pension plan, never have had one, never will have one.
Any savings that I have for retirement, I have saved myself, and invested myself. Isn't that the self-supporting philosophy that you pretend to believe in?
Feel free to acquire a brain at any time, and use it.
Perhaps you should learn some tolerance for others' opinions. A really smart person does a little of both (like the old adage goes "don't put all your eggs in one basket") Pension funds are managed by people who have more fiscal savvy than the average person. Providing for your own retirement is admirable, but it does require more risk tolerance than many people are ready and able to assume. Others who don't strict adhere to your standards also deserve respect. You come across (to me) as someone who was born with a "silver spoon in his mouth". :lol:
While it is a valiant and noble cause to be able to 'make your own pension', most people just simply cannot and will not be able afford to.
Congratulations on your financial success.
My private investments is private and I, unlike you, do not have the need to brag about. If you think that the contributions I made through payroll deduction to my pension is something that I did NOT earn, we have nothing more to discuss.
As far as brains are concerned your advice should be first heeded by you.
Tolerance for others' opinions? Silver spoon?
I'll accept right wing nutbars who all claim that a socialized pension plan with indexing is their birthright. Me, I came from a family with lots of kids and no money, and any savings I have, I did myself. Paid for my own education, and live by my own income.
Those who have a pension plan should be careful whining about the evils of socialism, since a defined benefit pension plan is, by definition, a socialist structure.
I dare say I don't need advice from you, of all people, on tolerance and respect for others' opinions.
That's right Y.J. you talk some sense into him. :lol:
Sorry about that, maybe I was reading you wrong, just sounded like you had contempt for pensions. Wish people would get off this "left wing and right wing sh*t", it's just sh*t, most people aren't thinking politically about every move they make. Just trying to get the biggest "bang for the buck" with the least amount of worry. Sorry if you think I badmouthed you. :smile:
Lol man you hit a nerve there. I too made my fortune without the help of the government. The independence feels great and seeing others who are looking at a rather spartan existence come the end of their career years, makes me ever more thankful for the advice I got some 30 years ago.
Quite a long line of those socialism hating conservatives lining up for their self proclaimed due from the government. Yet see how quick they are to pull out the knives when it comes to the poor sucking at the same teat.
If you're pension isn't enough to live on, it's your own fault and you can consider part time employment to make ends meet. I understand there are opportunities in the restaurant and hospitality services which probably could use a few older workers if they can learn to shut up and do the job.
Cheers to someone else who knows to save and invest for those years when no one is going to give a crap about you.
ccasion5:For the rest of you sponges...
One more thought, people for the most part when they draw a pension are just getting money back they already paid and at a fairly low rate of return. Some outfits match you dollar for dollar after 30 or more years on the grind stone. (Good investments will double in 7 years).
Why do you need to rely on others for your pension? That's a union benefit that has been morphed into other areas. I do hope you thank your union brothers for your ability to have a pension plan.
Did anyone notice that the head of Canada Post is Deepak Chopra?
“Nothing is more important than reconnecting with your bliss. Nothing is as rich. Nothing is more real.”
More than "having to rely" I think it's more of a streamlined plan with a capable financial manager. Some people find automatic deductions off the pay cheque more manageable than making a deposit themselves every month. As a person who has done quite a bit of my own investing (with advice at times from a money manager) it's not an easy thing. First there is "risk tolerance" to consider, second there is "time horizon" to consider, then the ever changing balance between fixed income and equity (and that can change weekly or monthly) and then what funds to choose. For those who do "rely on others for their pension"- they are paying dearly for this service, as I've already pointed out.
Thank goodness for those unions. For someone who hated them he stuck with them for a long time.
I have no union brothers. Those so-called brothers told me me - when working on the same crew with them on piece work - to go and f**k myself, it was not their job to co-operate and help - so I ditched them with no regret. The pension I contributed to for 37 years was a pension plan set up for salaried employees, nothing to do with unions.
Those who call strangers and non-related people 'brothers' do so because they don't know who their daddy is.
Nothing 'social' about contributing to your own pension.
And that pension plan was set up out of a general sense of goodwill on the part of the employer, sure. You do understand why pensions exist, don't you? I hope you thank your union brothers for making pensions common so that you could benefit from them.
Repeat a lie often enough and it becomes truth???
Please don't insult me by insinuating that I have union 'brothers', you sexist pig. How about union 'sisters'?