401K? Get Serious

For years, I've harped on the fact that people who spend their entire careers "investing" in a 401K and the like will not retire with all those expected millions so sincerely promised.

See for yourself... What's happening today is exactly what has happened before. Millions of Americans have watched with disbelief as their retirement funds vanish into what seems to be thin air.

It's happened before, it will happen again, like clockwork, and predictable as sunrise. It's all in the records, if you just take the time look it up and quit listening to the wall street bullsh*t that will ruin your retirement years. Wall street is worse than any Ponzi scheme ever hatched.

All those trillions of dollars have not just vanished. They have gone into the pockets of those few at the top of this giant pyramid scheme called the stock market.

A pyramid scheme? Yes... The biggest and most successful ever created. Take a real look at how the stock market is structured. You will find yourself at the very bottom, and you will stay there, splitting a few paltry dividends amongst millions of others just like you.

But, you say, I'm still young and have 30 years until retirement. My stocks will have recoved and prospered in that time period, and will be worth gazillions! No they won't. The market will have gone through at least three upheavals during those thirty years, wiping out the values of many stocks, destroying many others. And - believe it or not - there are still some folks alive today that actually believe this all happens by accident.

True, a few lucky "investors" with incredibly lucky timing will get out with some money, but how many times do you have to be told that the facts are: Only 1% of all investors will make money, 1% will break even, and the remaining 98% will lose their shirts. Anything else you hear is bullsh*t.

The 1% that makes all the money? they are the descendants of the ones who got into the market a hundred years ago, own all the common stock, and have millions of stocks due to the numerous stock splits over the decades. They are the ones that make all the money. And how will you fare with your few hundred shares of AT&T or whatever down there on the bottom rung?

Not worth a damn.