Originally posted by chrisilversvt:
Originally posted by LilStripedRocket:
I thought you worked for the purple people (Fed Up.. I eman, Fed Ex???)



i do so what does that matter??????????????????

i've been with the company for 13 years,and in addition to a pension, i have a pretty nice rsp that is company matched each year,that is going to be a nice chunk of change when i retire...


people in charge of investments were smart enough to invest millions of dollars in a fund specifically for retirement,the only thing it is used for...

they also did the same thing for healthcare as well....they have leterally millions of dollars invested in several areas as such,so that we don't have to rely on what profit is made per pkg. to pay for things like tha...very good financial planning, more companies should do things the same way



well, i'm glad their pensions are doing well because their stock has appreciated 0% since about 1970. excluding dividends and inflation, the market has tagged GM a "loser" for 30+ years.

however, if you had invested in GE instead of GM in 1970, you would see 4000% returns, twice S&P, not counting inflation and dividends, of course.

every major industry in the US has had its downfall. railroads, steel, nuclear power, and now, autos. hope you enjoy your pension when your job is in jeopardy.

i think it may be too late for GM unless some serious and drastic changes are put in place. "no one is safe"

For Sale: - Sony PSP with a Baseball 2k6 and the movie Crash. $100 - 1973 Karmann Ghia Convertible w/ Auto-Stick. Needs Restoration. $1200 OBO