There IS Justice after all

[Hugh]

http://money.cnn.com/2009/06/29/news/economy/madoff_prison_sentence/index.htm?postversion=2009062909

[dvenardos]

Saw that. The lives that he ruined...

[neuronbob]

He deserves every year and more. What a bastard.

This is also why I do my own investing, and diversify. I simply trust no one with my money anymore. :(

[dane]

I wish I had money TO trust someone with ... :(

[arthurs]

He'll be in Club Fed, not picking up the soap in Attica...

[PhenomeNhan]

This sounds familiar :no clue:

[dvenardos]

I wish I had money TO trust someone with ... :(

Got to pay yourself first man. The bills never go away and you have to get that compound interest working for you because you can't get the time back. Even a little bit every month adds up fast. Put it in a retirement account where you can't get to it.

[k_t]

... you have to get that compound interest working for you because you can't get the time back

Very true. I wish I had started much earlier.

[sooperkool]

He'll be in Club Fed, not picking up the soap in Attica...

Too much of a flight risk for Club Fed, he'll be in close custody at the MCC (http://www.bop.gov/locations/institutions/nym/index.jsp) for quite a while and then off to medium custody at least. His age could theoretically keep him at the MCC indefinitely.

[jschlesi]

Depends on where they actually place him. He still has yet to help them with where any of the money is since he "turned himself in". He is not the one I want behind bars. It is all the others.

[dane]

We are doing 401k.. not as much as I'd like, but we have from the start. Took a bunch also and put it into adding on to our home when we got pregnant with our 3rd child, so much of that will come back to us eventually also with equity in the home.. no worries.. :) just not as much as I'd like..

..dane

[engtaz]

He should lose it all.

[dvenardos]

just not as much as I'd like..

I think everyone can say that. Especially after the last year.:dizzy:

[neuronbob]

I think everyone can say that. Especially after the last year.:dizzy:

I've made a nice little rebound the last coupla months, though. For example, my AAPL stock bottomed out at around $85 back in Feb-March and now it's in the high $130's again. I bought that one at $7 a share, so even $85 looks great to me, and above that is pure gravy.

....and Dane, gotta pay yourself first AND keep it where you can't get it, even for a home addition. I've been so tempted to pull some money out to do a few more things to our house, too, but decided not to. I have stuck to this religiously for the last nine years and have built up pretty good savings.