I don’t know how many of you look at your 401(k) statements from work, or picked your own funds, or have personal retirement accounts of your own. Maybe you invest in mutual funds outside of retirement plans. I have some 401(k) and independent IRA plans that I manage through work and on my own, and they’re all doing quite well, thank you very much.
I invest in aggressive funds. I’m a young guy. I also made a ton of money on my previous mutual funds through KFYR and cashed them out to buy my house, a motorcycle, and my fancy graphics and video equipment for my home studio. So it’s time to get back to making money fast. Thankfully I pulled my money out right before the big Internet pucker of the late ’90s. Now I’m invested in aggressive funds again.
Where do you suppose those funds go? They all invest in “Big Oil” to some extent. If you’re young, and you follow the investment advice you’re given, they invest heavily in such stocks. Why? Because they stand to make you a lot of money. So when the government starts talking about breaking up the “monopolies” or taxing “unfair profits” you will see it in your bottom line.
That goes for anyone who comes out of college with a skull full of nice little liberal “anti-corporation” ideas. The fact of the matter is that, in this modern economy, everything is linked together. The prosperity of everyone is linked. If you want to be an “anti” and badmouth the corporations that keep this country going and fuel your mutual funds and 401k, you’d better just pull that money back out and live up to what your mouth is spouting.
Then again, if you have a nice union job, you can be like GM workers who basically get a paycheck for life. Then you won’t have to worry about retirement. That little perk means the rest of us pay an extra $1500 for every GM vehicle purchased in order to fund that nonsense. But I digress.
Maybe the fact that I’m used to paying $5-8 a gallon for race fuel for the motorcycle has desensitized me toward gas prices. It’s either that or the fact that I think the cell phone companies are gouging us far worse than the Wannenbergs are. Either way, just remember that oil companies are publicly traded stocks, owned by people like you, me, and Al Gore. So be careful before you slap a bullseye on your own back.