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Lehman Bros file for bankruptcy - Not a good day for investors
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nuttyturnip
Soggy


Member 601

Level 52.11

Mar 2006


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Old Sep 15, 2008, 08:52 AM #1 of 26
My savings account is with the NC State Employees' Credit Union, so I assume it's fairly safe from collapse. Of more concern to me is that the bulk of federal employee retirement funds come from investments in the "Thrift Savings Plan", which is a collection of supposedly stable stocks. We don't get a straight federal pension like the old days; instead, a percentage of our paychecks (1-14%) is deducted, matched by the government and invested. Some people used to micromanage their accounts, trading stocks daily, until the government ruled that we can only make 2 transactions per month.

Me, I don't have a head for the stock market, and wouldn't feel comfortable futzing around with my money. If I was close to retirement, I'd be worried, but I'm sure in the long run everything will work out.

Jam it back in, in the dark.
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Exploding Garrmondo Weiner Interactive Swiss Army Penis > Garrmondo Network > Political Palace > Lehman Bros file for bankruptcy - Not a good day for investors

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