Civil discussion between people of different views! No expletives will be accepted and any thing presented as fact will require the source as evidence.
Saturday, December 15, 2012
Profit - My Retirement Income
I watch my stock portfolio carefully! Over the years I put money away for my retirement years. I counted on the "portfolio" to augment my income. I count on the stocks, no companies, that I have invested in to be profitable and in turn provide this added boost over and above my Social Security. Out of the earnings (i.e. profits) of the company, I receive what is now turning into a meager income. The economy is terrible now, and the businesses that I invested in are struggling. McDonald's, a real stalwart, is facing declining sales, and therefore profits. Who would have guessed? I had some Chevron oil stock in our portfolio and it did poorly until I sold it. Valerie has some FedEx stock, and it has floundered. I counted on, foolishly, that the economy would continue to grow at a significant pace and out-pace inflation, but it hasn't. Are we starving? Of course not. Am I displeased with how this recession/depression has been handled? Of course! A nine percent approval of those in Congress tells it all. A President who seems more concerned about his golf score and those who have the luxuries in Hollywood contributes to the dilemma. Our economy needs attention, not rhetoric!
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