Quote:
Originally Posted by Moses
Market timing is for fools and experts. Most of us are neither. The recent poor market performance is not a credible argument against privatization of SS. My personal retirement portfolio will take a hit for a few years and then it will recover. It always does. There has never been a 10 year period where the stock market has lost value. Not even during the great depression.
The most reckless and irresponsible thing you could possibly do with your retirement money is to let the government "manage" it.
We are currently facing a crisis in liquidity and credit. The best thing we could do right now would be to allow optional private investment of SS monies. The extra money invested would buoy the markets and stabilize lending rates.
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+1 to this and what Hugh said.
The politicians using the current financial situation as an argument against the privatization of SS are hoping folks don't do the math.
FWIW.