Don't you wish YOUR social security was in the stock market????

[spanone]

:shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug:
:shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug: :shrug:

[closeupready]

1. Big THANK YOU to spaone.

Please bookmark this downturn to use as an example of why we DON'T want to privatize social security.

[Poll_Blind]

2. Aw shit! Damned good point! K&R!!!!!!!!! n/t

PB

[JuniorPlankton]

3. Look at it over the last 5 years

Then the answer is YES!

Let's not get carried away here. The problem with private social security is bigger than this.

[Sapere aude]

10. Once you've lost yours it is gone no matter what the market did over the last five years.

On a day like today you could have wiped out your SS money and would have to start over again from scratch while as it is now you have some security knowing the money will be paid you to you when you retire.

[MLFerrell]

15. When YOU retire, maybe...

I'm in my mid twenties. I never expect to see a dime.

[louis-t]

19. I'm 51. 30 years ago, people said the same thing...

Unless Repugs are allowed to destroy SS (their goal), SS will survive.

[Zywiec]

25. A day like today will wipe out all your money?

What happpened today that would make you say that? The DOW is up over 6% for the year alone. If you're a long term investor, the stock market is the way to go.

[Sapere aude]

30. You don't invest in the DOW, you invest in individual companies or funds.

Suppose your money was in hedge funds that bought sub-prime mortgages. You could stand to lose everything.

[havocmom]

4. Yeah, where it would go into the pockets of brokers, and CEOs

who live large on other people's money.

[dweller]

5. not as much as

THEY wish our SocSec money was in their stock market.

dp

[damntexdem]

6. But it's in Dubya's government.

And that's nearly as bad.

[Squatch]

7. IT IS

[KT2000]

8. This is why I even

took my IRA out of mutual funds.
It did not take me long to realize that sell offs start with a few peolpe making HUGE bucks and the rest of us are reacting to their behavior and losing our shirts.
What a scam.

[The Backlash Cometh]

9. I think our safety net just sprang a leak.

[bluestateguy]

11. This was an example of an issue where Democrats fought, didn't give an inch, and won

They might want to try it more often.

[bunkerbuster1]

13. Excellent point.

I was expecting more of the same when, in early 2005, it became apparent that big, bad ol' Chimpy McFlightsuit and his "evil genius" Karl Rove pretty much sucked at what they were doing, and were very vulnerable when people actually stood up to their bullying and stupidity.

Remember that? It was one time when the Dems called them out on their bullshit and buried their piratization schemes before Bush ever had a chance to properly "negotiate with himself."

[proud patriot]

12. Thank goodness ,it's not in there

x(

[enid602]

14. no warm and cuddly feeling

Let's just say I don't feel any better knowing that it will have to be paid by a smaller (in numbers) generation that will also have the dubious honor of having to pay for GWB's fuckups.

[BlooInBloo]

16. ZING!!

[Poll_Blind]

17. Kick! n/t

PB

[NYVet]

18. I do have my retirement in the stock market

It is in the TSP (Thrift Savings Plan) and the funds that I am in have had a return on my retirement fund of appx 16% over the past 12 months.

I take just about my entire National Guard paycheck after taxes and have it deposited.

I also have a 401K through my civilian employer that is highly invested in the stock market. That fund has had about a 12% return over the past 12 months.

[shanti]

20. you don't get it

n/t

[NYVet]

21. What don't I get?

That the market took a dip?

It happens, and I know that it will take an up in the near future.

[Zywiec]

26. It's alright you're new here

Just to let you know, a lot of people's financial strategy is hiding their money under the mattress. Stock market = evil.

Welcome.

[midnight]

31. I think you have me pegged. My grandfather was a broker

in Chicago when the depression hit. Don't have to tell you how that little experience rippled throught the family.

[eallen]

22. If you're smart, you absolutely want part of it in equities.

If you're dumb, you think that the crashes that happen to the stock market this week or this month, and the bear markets that last years, should determine your investment strategy for something that starts when you're a teenager, and that ends when you're 65.

Virtually every large pension fund invests some in equities. And they do fine. Even in bear markets. Even through market crashes. Because their investment timeframe is measured in decades.

:hippie:

[Poll_Blind]

23. Kicking again! Just too good to let slip away! n/t

PB

[Zywiec]

24. Yes, I do.

[n2doc]

27. yep, and you can bet that if W and his cronys had their hands on it

SS would have been "invested" in hedge funds, derivitives and the like. The ones that have suddenly become worthless. The ones that produced huge fees and bonuses for insiders.

[malaise]

28. Great point

This should be Michael Moore's next documentary.
Dems need to raise this NOW

[XOKCowboy]

29. That would make a great LTTE!! Everyone get busy!

Well not the :shrug: 's but people need to be reminded that Shrubbie wanted to put our Social Security into THIS market. Write your local papers! See if they print it!

[applegrove]

32. Especially when all the American people would be buying stock that

rich people wanted to dump. That would be great for social security :sarcasm: