So what did this guy do with his money?

http://freep.com/article/20090425/BUSINESS01/90425026/Investments+ride+on+fate+of+GM


seriously he was a project manager and 80% of his retirement was only 200K, and he threw that amount of money at GM 3 years ago.


WTF

Booooooooooring

3 years ago, GM seemed like they were going to eventually climb out of the hole they were in with great upcoming product, but so many other things were fucked behind the scenes...I can see him maybe not forseeing that given his employment as a project manager.

But as good as things were looking over the very long term, GM was still shaky and had been for years. To not diversify much and throw 80% of your retirement money at them is just

nothing seemed as bad 3yrs ago.

honestly, the only safe investments are insured CDs and treasuries, but neither pays all that well. muni bonds are as close to bullet-proof as you can get, because they're usually insured, but if AIG is insuring your muni bonds, how safe do you feel now? uh...

have to be diversified, though. it's the only way to save your ass. otherwise, i say stick the cash in an insured bank account or under the mattress.

if all he had was 250K for his retirement he was/is pretty much fucked anyway.