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+--- Thread: 2004 George W wanted to do away with Social Security and have people invest in the stock market.? (/thread-7636.html)
2004 George W wanted to do away with Social Security and have people invest in the stock market.? - pete63daddy - 10-12-2012 08:18 PM
This would have been great don't you agree.He's been right on everything else hasn't he.
- khahrosh - 10-12-2012 08:26 PM
No. Not all.
- geoweeg - 10-12-2012 08:26 PM
In 2004 George W wanted to change Social Security so that people could invest up t 4% of there social security fund in things like mutual funds. Investing 4% of your fund and doing away with Social Security are slightly different. Do some research.
- Amazingcar464 - 10-12-2012 08:26 PM
I was thinking the same thing- thats would have been a massive failure.
- drwmxwll - 10-12-2012 08:26 PM
If you don't need your money right now there are some real bargains out there. Buy low now and when the market comes back your portfolio will be in good shape.
- tkahrs12122 - 10-12-2012 08:26 PM
Well doing it Pres. Bush's way we retired 10 years ahead of schedule with a monthly income of 8k. Not bad results by just buying stock and not running up debt.
- ladyliberty - 10-12-2012 08:26 PM
Bush will be thought of as a good president in the history books because of his rebates and tax incentives to the middle class. Nixon and Johnson caught holy sh.. for Vietnam, and look now...only thing people remember is Watergate and Kennedy's assassination.
- RWLake - 10-12-2012 08:26 PM
The importance of social security equates to the importance each person attributes to their own retirement investment plan. When we think about retirement in most cases we are talking about a long term investment. That being the case, is it wiser to invest in vehicles that provide a low rate of return or one that has a more modest return? I believe most intelligent investors understand any portfolio that returns a 2-3% rate of return will result in failure. If your investments can deliver a 6-7% average rate of return you will have a much better chance of success. So we come to investing in the current Social Security portfolio or find a way to improve. As you probably are aware Social security has always provided a low (2-3%) return. If we could invest in a moderate portfolio we could expect more in the 6-7% range. Certainly seems so make more sense to me. Of course. our current economic mess might indicate to some that social security should not be changed. That's when the wise person understands the meaning of "Long Term Investing". During our working years what the account is worth tomorrow is not that important. What matters is what it is worth when the time comes to retire That's where we find there is a huge difference between returns of 3% compared to 7.