FedEx Freight | Time has ran out!!

Wow...you clearly don't understand any aspect of investing. Congrats! a typical Teamster lamb...or Sheepster as they're called at YRC.
I didn't state it correctly but the point is that money and any money it would have earned is lost. You clearly have more problems than me, you can't even find your truck so they put your name on the to prevent you from getting delay time. Congrats1
 
The biggest mistake most 401 K participants make, is that they sell low and buy high. Dumb. Want to make money in the stock market? Buy low, sell high. As Billionaire Warren Buffet says: "

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

When the market is down, buy buy buy. When the market is up, sell sell sell.

And most blue collar workers reverse this, because they don't get it. My hat is off to RC, while I may disagree with much of his philosophy, he does get this.

ST
 
I didn't state it correctly but the point is that money and any money it would have earned is lost. You clearly have more problems than me, you can't even find your truck so they put your name on the to prevent you from getting delay time. Congrats1

Actually, that's a running joke in my barn. Rumor has it that I'm old enough to climb into the wrong tractor so they put my name on the door so I wouldn't drive away in the wrong tractor.

What's your excuse for driving away in the wrong truck?

Ooops, you don't work for us. Sorry.

ST
 
Actually, that's a running joke in my barn. Rumor has it that I'm old enough to climb into the wrong tractor so they put my name on the door so I wouldn't drive away in the wrong tractor.

What's your excuse for driving away in the wrong truck?

Ooops, you don't work for us. Sorry.

ST
Why did you have your name on your belt? keep putting the wrong persons pants on?
 
The biggest mistake most 401 K participants make, is that they sell low and buy high. Dumb. Want to make money in the stock market? Buy low, sell high. As Billionaire Warren Buffet says: "

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

When the market is down, buy buy buy. When the market is up, sell sell sell.

And most blue collar workers reverse this, because they don't get it. My hat is off to RC, while I may disagree with much of his philosophy, he does get this.

ST
Wish you had told me this when I had cattle, did it bass akwards, bought high, sold low
 
Oh, I read the whole thing. Several factors contributed.

I find this part interesting:

"Real estate investments in Las Vegas casinos and hotels once threatened the integrity of a Teamsters pension fund that the federal government wrested away from corrupt trustees and organized crime after five years of legal battles.

A quarter-century later, the professionals who replaced them—Central States Pension Fund administrators; the Goldman Sachs & Co. and Northern Trust Global Advisors fiduciaries; and Department of Labor regulators—stood watch while the financial markets accomplished what the mob had failed to: which was to smash the fund’s long-term solvency with massive money-losing investments."

Note: the Feds took control due to questionable integrity, corruption, and organized crime. BUT not because they were losing money. Organized crime rarely almost never loses money. :bat:
It was mainly the orphans, and those who were allowed to retired early, that put the biggest strain on the CSPF and the reason payouts from the fund had exceeded contributions starting in 1984 and the ratio of retirees to active participants crossed the threshold of one-to-one in the mid '90's, long before the crash of '08. The whole stock market debacle was nothing more than a hailmary if you will, a last ditch effort to try to save what was left.
 
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Is is the American people's fault!! How can you say it's not??

Our tax codes are broken...why?? Because our govt has to take from the producers to give to the moochers through entitlement programs...the federal Govt doesn't make money, just like the union, they take it from the producers in the form of taxes!!
Not only is the labor cheaper in other countries, the corporate tax rates are as well!! It's actually cheaper for companies to move our jobs overseas and then pay the tariffs to bring their products back them it is to produce them here in the US!! That's freakin sad!!

You wanna keep our jobs here or bring those that left back...lower the corporate tax rates and the jobs will come back...the problem them will be the moochers would still rather sit on their lazy asses while on the Govt dole (the producers) than to get a job and pay their own way!!
Tax breaks aren't enough....I would think that Communist China covers more entitlements than us...isn't that communism?..and their people work for nothing.......the corporations go their because of that.................and I'm sure they'd love the whole world doing the same thing....Why wouldn't they...profits over people.......nations don't matter...borders are in the way....why not have everybody just like the Chinese?
Our government gives plenty to corporate mooochers too....probably more than they give to poor people.......because giving to the rich pays the politician back.

It's the only way to profit.

One thing is very questionable about the high tax rate in America...because of supposed socialism leaning to communism..................................if socialism and communism is so bad....then why do the corporations go to heavily polulated socialis and communist nations......how can their taxes be lower than ours if they have such a terrivble system?
It makes for a very strange argument.....saying that communism is so terrible...yet the corporations go there....................so taxes isn't the thing...wages and treatment of the people is the thing.
 
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I have a great idea......lets have truck drivers put there money into one of our things....and make them think they know how to plan retirement..
That is not a plan that is gonna work for the majority of truck drivers or working class Americians and they know it.....they must.
They just make tons off of fees.........People don't and wont learn how to do the stoick market thing.....But the financial industry will make trillions taking fees off of the workers who used to have a safer retirement in pension fund.
It's a racket and oit's gonna leave the majority of retirees broke and losing everything......Wall St. will be there to scavenge everything they lose.
 
I think the companies corrupt politicians they own deserve l blame. The union blame comes in for giving up.....and trusting the wrong politicians.
Corporations have bought and paid for much of the United States government over the years, and it doesn't really matter which party it is. Look at gazillionaires like Elon Musk and Jeff Bezos and ask yourself if the government hasn't been complicit in helping them get where they are. Tesla Motors pretty much lives on government subsidies, and I read that they haven't actually turned a profit in something like five years. And Amazon is one of the worst employers in the world, treating their warehouse staff and delivery people like robots. And neither of these men want unions to come steal their money.
 
You must be Catholic...for someone who's continually preaching about the illuminati and the new world order taking over the world, it must be hard for you to look into the mirror...just sayin'
thank you Red, you just proved the point I made earlier in the this thread.
 
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