Social Security vs. Stock Returns: No Contest

Discussion in 'Economy' started by Fmr jarhead, Mar 29, 2005.

  1. Fmr jarhead
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    Fmr jarhead Senior Member

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    From: http://www.socialsecurity.org/daily/03-29-05.html

    I found this to be a very informative article, regarding the differences of how Social Security was intended when it was developed to how it is seen now....is it insurance, or is it a retirement plan? Answer that question, before you read the article.

     
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  2. Fmr jarhead
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    Fmr jarhead Senior Member

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    Does this mean everyone agree that privatized accounts are the way to go, or you just don't care enough to respond?
     
  3. Mr. P
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    Mr. P Senior Member

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    Let the Government do it...goes with the tax stuff too I'm afraid. I'm just too busy to pay attention to my life or my future. :dunno:

    Two extreamly important matters that can remove a large part of Gov. from our lives, and what do people focus on? Drugs for old folks and interference in private lives.
     
  4. 5stringJeff
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    5stringJeff Senior Member

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    I'm a huge advocate of individual accounts which allow you to invest part of your SS money in the market. I have yet to see a good argument against them.
     
  5. manu1959
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    manu1959 Left Coast Isolationist

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    if you could invest in any thing, a company a person a country a govt. to guarantee your retirement account

    would you pick the US govt.?

    case closed
     
  6. 5stringJeff
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    5stringJeff Senior Member

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    You mean gov't bonds? Yes, if I wanted the safety of 2% interest for 40 years. But not if I wanted larger growth.
     
  7. Fmr jarhead
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    Fmr jarhead Senior Member

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    I have invested in the US government personally with 4 years of active duty military service, and buying bonds, as well. I will continue to invest in the US in the future, as well.

    The difference is that I do not want them running an insurance policy for me for when I am old....and not allowing me to provide a retirement plan for myself and family when I am old....do you understand the difference? (rhetorical...because I do understand your point)
     
  8. manu1959
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    manu1959 Left Coast Isolationist

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    if i could only pick one place to invest .... i would invest in microsoft
     
  9. Fmr jarhead
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    Fmr jarhead Senior Member

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    Then do it...most discount online brokerages only require $100 to start...the more time you waste talking about it, the more time passes that you can take advantage of....

    Long term investing requires you to start, since time is the greatest advantage of developing returns

    (personally I would buy a mutual fund and spread my risk over a lot funds)
     
  10. manu1959
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    manu1959 Left Coast Isolationist

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    all theroy aside:

    my portfolio is

    b of a
    microsoft
    real estate
    mutual funds
    gold
    the us govt
    oil companies

    in relatively equal percentages
     

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