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View Diary: White House plans to force BP to set aside money to pay damages (272 comments)

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  •  I hate it when this happens, Yameneko2 :-) (1+ / 0-)
    Recommended by:
    jds1978

    lest you confuse electrical sockets for keyholes.

    The means is the ends in the process of becoming. - Mahatma Gandhi

    by HoundDog on Sun Jun 13, 2010 at 06:20:17 PM PDT

    [ Parent ]

    •  Back when I had enough to invest... (0+ / 0-)

      Back when I had enough to invest during the Clinton years, the mantra among investment advisers was to split one's retirement investments between stocks, bonds and other vehicles.  The stocks portion was to contain multiple stocks;  those with only four digits to invest were guided to mutual funds with dozens of stocks in their basket.  

      The rule of thumb was that a prudent investor would have about (100 - age)% of investment funds in stocks.  By the time retirement hits at age 65, only 35% of funds should be in stocks.  

      So, using rules of prudence concocted during the Clinton speculative bubble, no 65-year-old should be more than 35% exposed in the stock market.  Of that 35%, prudence dictated a basket of stocks.  

      2009: Year of the Donkey. Let's not screw it up.

      by Yamaneko2 on Mon Jun 14, 2010 at 01:01:03 PM PDT

      [ Parent ]

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