- Sep 9, 2012
- 40,718
- 13,425
- 2,280
If they had left it in, how much have they then made back above and beyond? I know ours has grown on average of 22%, even with a 12% fall. We didn't panic.
Congratulations?ww
But YOU don't gamble over 40 years! You invest in equities from your 20s to 40s and obviously accumulations.
There have been MORE UPS that Downs obviously I guess you idiots don't think about that or else THERE would never be a DJI!
Then from your 40s to 60s... moving more from high risk securities to lower risk investments and finally at retirement most of
it in highly secure investments. I mean you being a government lover why not have treasury bills?
See that is why if WE the vast majority of people had been GIVEN the CHOICE see you keep referring to "privatizing" it was always
going to be a CHOICE... i.e. I would have the POWER to choose... Do I want to tell SS where to put my money when I'm in my 20s i.e. high risk great appreciation, then in my 40s tell SS to put in lower risk and then retire all in to secured.. OR if I didn't want to choose that the traditional SS. EITHER WAY I would have the choice. NOT as it is now.
If I'd had the choice when I first started SS deductions in the 60s, today I'd had a million dollars in SS. Of which maybe half would be used in retirement, 1/4 medical bills and the rest a nest egg for my SON and his family to build on!
BUT selfish ignorant people like you without the benefit of the FACTS think privatizing was all investing in the market and that was the stupid ass meme put out by ignorant selfish people!
Typical right wing stupidity and brain washed regurgitation. The stock market IS a gambling casino......The zero-sum syndrome is very applicable...for every "gained" dollar from someone, there is a "lost" dollar by someone else.
Who took it in the gut during this latest stock market plunge? Holders of 401K plans.
I had a 401K plan, and I made money during the plunge. Fail?
Typical U.S. Worker Saw 401(k) Lose 24.3% in 2008 - BusinessWeek