Thursday, November 29, 2012
John Hancock presents the endless saga of the whiny Investor Class
Ah, yes, we all feel for you guys, we really do.
It must be so hard. There you are, sitting in your enormous living rooms, in front of your roaring fires, with your SUVs sitting in the garages and twinkling holiday lights adorning your palatial suburban estates. To the clueless who don't "get" your situation- the overworked and underpaid who can't save a nickle because wages peaked in the 70s but inflation continues unabated- life looks pretty damned good for you. Shows what they know.
After all, they don't have anything close to the headaches you have. Like, deciding between the Aspen or Switzerland ski vacations. The crowds over at Fresh Fields Market. Keeping an eye on the cleaning lady (and calculating her Social Security deductions, if you decide to go the Hiring Only American Citizens route.) Getting Cody to Tai Kwon Do and Keira to ballet and swim lessons. Interviewing Au Pairs. Seriously, it never ends.
And they really don't have a clue about the hassle of Disposable Income. They are the lucky ones- they have to spend every penny they get. They don't know about Investments and IRAs and Portfolios. They might worry about paying the electric bill and keeping the heat turned on and getting enough food on the table for their kids, but they've never tossed and turned wondering if that $30K you dropped into Hog Futures is going to pay off, or maybe it would have been better to put it into that Lexus Cody has his heart set on. They know they are going to work until they drop, and if they DO retire because they are so broken down no one will hire them, they've got that very limited, very easy to manage Social Security check as their sole means of support- simple. They'll never have to juggle several Income Streams, manage multiple homes, or set up annuities. Not to mention 401(ks)-- the tax implications alone can drive you straight to the chardonnay and brie.
So thank you, John Hancock, for giving the vast majority of us yet another reason to feel Thankful this Holiday Season. Maybe we've got student loan bills. Maybe we are overworked and underpaid. Maybe we don't even HAVE jobs and aren't quite sure where the next rent check is coming from. But at least we aren't getting the kind of ulcers reserved for the Most Productive. Man, my heart really goes out to THEM.