Lumpy 1
Diamond Member
- Jun 19, 2009
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- #41
Good research. I think you understand the essentials. Knowing that why would you want to turn the whole proccess into a casino bet?
Casino vs Government .. ah .. I need more research I guess because I'm not seeing much difference.. I'm losing on both..
If I had a 401 type plan instead of SS and invested in government securities/bonds, I don't see a difference really. In good times.. if I invested in medium risk funds I'd make more than government bonds easily...It is my money supposedly and if I didn't make it.. croaked... it would go to my heirs..
Honestly.. I don't trust government with most things...bad track record..
Nothing is stopping you from making personal investments. BUT as we have seen in the last three years they can and DO fail. The SS is supposed to be a fail safe backstop. It would be foolish to remove that gaurantee. Every portfolio should have diversification. If you can afford to take risk you should invest what you can easily afford to lose in higher risk/higher potential gain sectors of the market. If you lose sight of the fact that most of the people that have put money through their employer into the system cannot afford any risk then you are doing them and the country a disservice.
I get your point although I'd feel a lot better if the investment.. (security) was working (not touched or spent) at making money instead of a drain on the economy.. no matter whose fault it was to begin with..that's all.. Again, my lack of government trust...