Minimum wage, good or bad?

[VJW]

Which is why I think it’s unfair to place so much of the blame on the employees.

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[brandondrury]

The employees should have used a bit of basic investing strategy and diversified,

No "basic investing strategy" would have helped

I think the idea here was to invest in more than the 401K. By all means, the 401k should be maxed out as much as possible. It's a tragegy that people lost portions of their 401k. However, even if you have maxed out your IRA you are still left with 85% of your money. What were these employees doing with their paychecks?

Investing doesn't stop when you get paid. That's where it starts in my opinion. Maybe I'm just paranoid, but I expect things like this to happen. If I wasn't self employed, I'd count on getting fired. Now that I am self employed, I'm counting on the IRS to hit me HARD! I keep enough cash on hand to get me threw a good 6 monthes. Obviously, the Enron employees overall, were not as cautious.

Brandon

[jmjj215]

Originally Posted by VJW

Which is why I think it’s unfair to place so much of the blame on the employees.

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I think all of us hear were merely trying to make the point that the employees had some responsibility there.