tag:blogger.com,1999:blog-7806136543904112143.post7090957215516549953..comments2023-10-30T09:23:42.803-05:00Comments on Some Assembly Required: SAR #13268Charles Kingsley Michaelson, IIIhttp://www.blogger.com/profile/04364694465614330540noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7806136543904112143.post-23712461404538409172013-09-25T22:16:10.956-05:002013-09-25T22:16:10.956-05:00As Intended: Perhaps this one should be titled: Be...As Intended: Perhaps this one should be titled: Better Than Intended. While fees are charges are the icing on the cake, the real role of 401(k)s was to create a gargantuan (30-50% of NYSE capitalization) slush fund to move markets in a preferred direction without ever having to worry about said slush fund's contributors. Mission Accomplished! <br /><br />Most 401(k) contributor's are utterly ignorant of even the basic workings of their retirement plans and Wall Street knows it. Groups, such as the ICI, continually and extensively survey plan contributors to insure that they are still clueless. Thus, Wall Street is now using what used to be "safe" 401(k) choices like money market accounts to dump all sorts of sketchy securitized assets, that no institutional investor would touch with a pole. HShttps://www.blogger.com/profile/00297340044154436927noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-48719083993407091312013-09-25T17:33:08.743-05:002013-09-25T17:33:08.743-05:00Glad you're back, CKM.Glad you're back, CKM.john patrickhttps://www.blogger.com/profile/00620564826238745895noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-34568235847599857692013-09-25T11:30:43.318-05:002013-09-25T11:30:43.318-05:00Welcome back, CKM! Hope you are fully recovered. ...Welcome back, CKM! Hope you are fully recovered. Missed the daily (depressing) news summary.jfwellspdxhttp://twitter.com/jfwellspdxnoreply@blogger.com