Re: Chat about Financial Advice, was Re: Marxist Financial Advice

[sartesian <sartesian@xxxxxxxxxxxxx>]

I am not righteous.  I put two daughters through college.  I know a lot
about investing-- none of it has anything to do with Marxism.

Nobody's against pensions.  Railroad pensions, for your edification, are not
self-direct investments.  They are defined benefit plans.

My only point was that Marxist financial advice re investing is an oxymoron.
Real Marxist financial advise would be limited to seize the banks, cancel
the debt.


----- Original Message -----
From: "Doug Henwood" <dhenwood@xxxxxxxxx>
To: <PEN-L@xxxxxxxxxxxxxxxx>
Sent: Saturday, June 26, 2004 11:01 AM
Subject: Re: [PEN-L] Chat about Financial Advice, was Re: Marxist Financial
Advice


> Carrol Cox wrote:
>
> >Let's remember that very few if any of the subscribers to this list have
> >much in the way of discretionary "investment."
>
> How do you know? A lot of PEN-Lers are professors with retirement
> accounts that invest in stocks and bonds. Many, maybe most, are in
> the upper quintile of their national income distribution. Even the
> righteous "S.artesian" probably has a pension from the railroad. So
> these aren't just idle theoretical speculations.
>
> Doug