bb wrote:
Michael Coslo wrote:

bb wrote:

Michael Coslo wrote:

snippage

There are a number of options in which you can spread percentages

of

your money. Those options run the spectrum from blue chip to high
yield, high risk.


No bonds? Any balanced funds?

Yup.


Holy Cow! And I thought they only had highly risky investment choices.
At least that's the way you and Jim have made it sound.

Through all this thread, I have noted that there were multiple choices
of investments. And my comments have ben that many people are not
capable of resisting the "big bucks" risky investments. I account for
human nature in my assessments of how people should be treated.

Fact is, an awful lot of people NEED some fiscal restraint. Otherwise
they make stupid choices and become a drain on society. It is how it is.
It is why people on welfare buy lottery tickets when they should be
buying food or paying their rent. It is why people think they can make
risky investments, and somehow retire to make more money than when they
were working.



A lot of people don't take that approach though. They listen to the
investment mantra that "Over the long term, the market always goes
up".

That's a fact.

It sure is. But it is like saying that the average voltage of our
household outlet is 0 volts. I'll pass on grabbing bare wires of that 0
volt average system if ya don't mind.


Unfortunately their advisor neglects to tell them that what matters
is where the stock market is when they retire.

Sounds like you you could open your own Jones office.

I'm dense. What's a Jones office?


And for whatever reason, they don't figure that out for themselves.


There you go. If you ever get tired of working at the school, you
really could open that Jones office.

I'll make an assumption that this "Jones office is some kind of
investment outfit. I probably wouldn't make so much money because I
wouldn't try to talk people into investing their money in things that I
think they would lose it with. But then again, I don't think Mr.
investment advisor is my friend.


Your retirement income is based on your contributions and how
well the investments did.


Is there a "guaranteed return" selection? Of course, even that

won't

work if the government devalues its currency.

The most conservative investments have an interest rate that gets
adjusted every so often.

Is that vehicle capable of losing its principle?

No.


The Federal Government would likely put limits on the types of
investments you could make with your SS diversion.

Ho-boy, another Federally controlled system. 8^)


Oh, I forgot. Social Security is a Township Trustee run system.


No gold and platinum futures, for example.

Probably a good idea.



As you graduate to an older age group,
they would probably change the investment vehicles available.

Gosh!


One of the people I know that lost a lot of money was thinking

that.

He said that two years before retirement, he was going to pull his

money

out of the high risk stuff and put it into the "safe" stuff.


Did he? Or did he think the market was still going good and left

it in

riskier investments?

He chose to believe that things were going to get better and to stay


the course. By the time he got wise, it was too late.


Was it really? Why?

He lost his principle. It can happen on that plan.

snippage for trying to keep track


Republicans are in power now. They have assumed the mantle of
responsibility. It is now their whims that count.

- Mike KB3EIA -


Mike, how quickly you wish to forget the democrat legacy. I can't
blame you. But apparently I've been brainwashed by the dems for the
past 30 years that SS will be bankrupt by the time its my turn to feed
at the trough. Ask anyone in their 40's if SS will be there for them
when they retire, and you'll not get a lot of positive answers. Or do
you disagree?

There are many different time frames on exactly *when* the system will
run out of steam or money. A lot of this depends on how much money is
taken out by non-standard usage. (read robbing the till)

I don't care WHO took the money out. Be it Democrat or Republican. One
of the side effects of being in power is that when it is your group, you
reap the benefits as well as the brickbats.

If all the Pubs can do is continue to blame the Dems for every problem
on the face of the planet, then it means that they are *weak*, because
they can't do anything about the Democrats even when they are in power.
Funny how things work! 8^)

Proud to be an independent. ... - Mike KB3EIA -