Thread: Birthday Mod
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Old 07-26-2011, 07:33 AM   #29 (permalink)
birdmanx1
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Quote:
Originally Posted by Rooster89 View Post
Another T Rowe Price fanboy! Dont misguide him! What if his company has matching on a 401k? then he could just pick up T Rowe Price Equity mutual fund(only one worth getting) and then diversify his portfolio with Dodge and Cox international. Then his supplement he can throw into a roth IRA that he can rollover his 401k into to avoid taxes. Then borrow against it for a down payment on commercial properties around a rapidly expanding metro area. Of course then the market will crash again, he will have lost everything when he faults on his loan payment for his commercial properties since he can't find renters. Then we will see him dealing crack on COPS.....Or he could invest ENRON.

Its all about risk Vs Reward

You almost sound like you had some bitter investment experiences. The what-if scenario are simply endless and I can easily take your valid argument about a company 401k and tell you what if that company was falsifying its revenues like Enron, making employees stock contributions and 401k worthless (Though highly unlikely with SOX). You mentioned diversifying, it is a given that any investor should be doing so and make use of various investment tools let it be 401k/IRAs/Mutual Funds...As far as being a Trowe Price fanboy goes, my experience has been positive so far as shown by the balances with the diversified accounts I have with them

Anyways, CF interior trim could be a nice touch as well for $500
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