Herman School of Business
When Do I Get My Money Back?
The most amazing thing to me as the economy slides into darkness even further is that many who lost their life savings want to know when they will get it back. How about this…you will NEVER get it back. EVER.
Are people so stupid that they think if they just leave their money in the market someone will come along and raise the prices until they get their losses back? Math is a wonderful thing. There is no subjectivity in Math. It is black and white.
Companies were valued strictly on hype…not substance. Suckers threw their money into the stock market in Mutual Funds, because only the Pro’s could really pick winners for you. Big money folks got to play in Hedge Funds where huge management fees were paid to the people in charge because they were financial geniuses getting unbelievable returns for those lucky enough to put their money in there.
Riddle me this Batman…if having all your money in those funds was so great why didn’t every Hedge Fund and Mutual Fund manager go broke, because surely they must have reinvested their profits back into their own Hedge Funds or Mutual Funds right? Oh…now we find out those Hedge Funds and Mutual Funds were for your money, not theirs. Your money was to fill the coffers so they could take it out the back door.
The largest companies in America were over-valued by a huge margin once the curtain was drawn back and we saw the lies being told to us about the financial condition of these institutions. Transparency was a joke. People got on TV and lied to our faces, claiming all was well and then going broke within days. C’mon America…shut the stock market “lottery scam” down. Have the courage to take your losses and get out before the next round of truth telling sucks what is left of your savings. Invest in yourself. Invest where you can see what is going on at the place where you put your hard earned money. Stop “betting” on a stock because some huckster tells you it can’t miss…or that it is going to grab a great piece of market share, or because some small piece of information points to good fortune ahead.
And while we slept through the lies and cheating that went on with your money…we are now so focused on our fears and our feelings that we can’t live without GM or AIG or CITIGROUP, because that is what those in charge tell us…we are being pillaged and plundered by our own Government who is giving away your future earnings to the very people who cheated you in the first place.
Nothing is “too big to fail.” That is a crock we can no longer abide. You keep putting money into your retirement account and the cheaters keep sucking it out. And those in charge are playing you like fools…telling you that this will end soon and we will return to better days ahead.
Do the Math people. You lost 70% of your retirement accounts. Say you had $1,000,000 and you now have $300,000. At a ten percent increase (which will never happen) in your value it will take almost 13 years to get back to even. But this is the money you saved for retirement…meaning you planned on taking some out every year to live on. Meaning you can’t leave it sit there for fourteen years because you need it now. Multiply yourself times hundreds of thousands of investors…and realizing that you wanted to take money out…not put more into the market…then you will know that there is no chance you will ever get your money back. The truth is…leaving it in there now is allowing the liars and cheaters to stay in charge and keep fleecing the sheep.
Please people…listen up…you have been taken for a ride. Why put money into a company where the guy in charge lives like a King…gets paid win or lose…never has to answer for their actions…and uses your money to “buy” those in Public Office. Why not limit compensation? Why not punish a CEO who loses money? Why pay for private jets, lush apartments, lavish parties, and listen to lies when your money has been flushed down the drain. And why allow any money from a Public Corporation to ever be used for Political campaigns?
Wake Up Please!
Keep your money for now…wait until things are sorted out better than they are now. How could you possibly know which company will be here in six months? There is absolutely nothing wrong with staying on the investment sidelines right now…people with far greater insider knowledge than I have are all on the sidelines. Their money wasn’t mingled in with yours. Most of those CEO’s and Hedge Fund Managers were the first ones out and didn’t lose much if any.
And while not a single CEO has been charged with any crimes about misinforming investors…not one person in Government has accepted any responsibility for this mess either.
These are very serious times…and you better know what you are doing with your money before it is all gone.
Call me if you want help. 410-453-0280.
Herman
- Posted: 29 March 2009
- Comments: 0
- Category: Business failure
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