Originally Posted by saltwn

McCain would privatize Social Security. What would have happened this week if that had already been done?

Originally Posted by saltwn

The thing is, that's a good theory. But when you depend on Social Security you think no. I'll stick with the old 2%

Originally Posted by Michael1

I like the idea of privatizing. I'd even let people who support SS to stick to it and earn less if they so choose.

Originally Posted by faithful_servant

Even the lowest risk/return investments return better than the lousy ~2% that SS returns. I can put my money into a passbook savings account @3.25% today and do better than that. And that's federally insured money. Ultra-low risk investments run between 3-4% and that's substantially better than what SS is returning right now. Limit where people can invest the money to ultra-low risk stocks and you'd be outperforming SS, giving people a MORE secure retirement, you'd be taking the money out of the control of the Feds. and taking away a way for them to spend money they don't really have, and you'd be putting money into the private sector where it can grow the economy, instead of the Fed. debt.

Originally Posted by faithful_servant

Originally Posted by saltwn

Here's the gain /loss tracker of what's left of my little investment portfolio. I have a couple pending sell orders left and I'm out of here as they say.


The bottom line is the total lost.

Originally Posted by faithful_servant

Were your investments in ultra low risk stocks?? Doubtful.

BTW - Selling when the market is down is dumb. The idea is to buy low, sell high, not buy whenever and bail out when the market drops. I've got some extra cash coming in the next few months and if there's anything left after buying new windows for my house, I'm going to buy banking stocks. They are cheap right now and will go back up again.