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#314205 - 08/25/19 11:49 PM Re: Market's Dumping [Re: pondering_it_all]
logtroll Offline
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Registered: 04/26/10
Posts: 9474
Loc: One of the Mexicos
They could contract with the Epstein exterminators... shocked
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#314209 - 08/26/19 12:14 AM Re: Market's Dumping [Re: jgw]
Senator Hatrack Offline
member

Registered: 08/14/07
Posts: 1604
Loc: MN
The ups and downs of the stock market not and never have been something to get overly excited about. The stock market is, in the long run, the safest place to invest your money. I say this as a former stockbroker and lifetime investor in the market. It is thanks to my investments there that the mortgage on my home was paid off 15 years early. If people had been able to investment the money that was taken from them in the Ponzi scheme known as Social Security in the market they would have been better off.
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I'm a conservative because I question authority.
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#314222 - 08/26/19 12:59 AM Re: Market's Dumping [Re: logtroll]
pondering_it_all Offline
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Registered: 02/27/06
Posts: 8788
Loc: North San Diego County
Quote:
They could contract with the Epstein exterminators


You mean get Hillary to put on her Cloak of Invisibility and ninja her way into the White House bedroom where Trump sleeps?

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#314225 - 08/26/19 01:09 AM Re: Market's Dumping [Re: Senator Hatrack]
pondering_it_all Offline
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Registered: 02/27/06
Posts: 8788
Loc: North San Diego County
Quote:
If people had been able to investment the money that was taken from them in the Ponzi scheme known as Social Security in the market they would have been better off.


No, they would be much worse off, because they wouldn't have made those investments. We have 401Ks and all sorts of IRAs in which people can make very tax-advantageous investments AND THEY DON'T to a large extent. If you really want them to do better than Social Security in terms of return, you would have to MAKE then invest much like Social Security does. And you can't let them make their own choices, because even seasoned fund managers usually don't beat SPY.

But aside from that, Social Security is not an investment. It is old-age insurance. More like an annuity. Can you find an annuity that works like Social Security and costs less? Good luck on that.

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#314226 - 08/26/19 01:11 AM Re: Market's Dumping [Re: pondering_it_all]
logtroll Offline
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Registered: 04/26/10
Posts: 9474
Loc: One of the Mexicos
Originally Posted By: pondering_it_all
Quote:
They could contract with the Epstein exterminators

You mean get Hillary to put on her Cloak of Invisibility and ninja her way into the White House bedroom where Trump sleeps?

Sounds good...
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