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Registered: June 04, 2004
Posts: 3535
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government intervention in most areas should be kept to a minimum. i was talking aout the New Deal and its intervention with a capialist society. it crippled it.
Honorable Senate Majority Leader (R-WI) "Liberals have gone stark-raving mad, yes,"- Euterpe
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Registered: January 03, 2005
Posts: 2470
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quote: government intervention has never worked and has only caused more problems.
In all areas of life? So are you saying that the Government shouldn't help fund public schools or homeland security?
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: November 22, 2004
Posts: 750
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Funny, I was taught that the new deal turned this country around... At any rate, I doubt social security will be around for me in 40+ years but they are still taking it out my paychecks... I think we should be allowed to choose NOT to give to social security if we don't believe in it.
"Mac, you ever been in love?" - "No, I've been a bartender all my life."
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Registered: June 04, 2004
Posts: 3535
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the New Deal crippled capitalism and almost sent our country to hell. government intervention has never worked and has only caused more problems.
Honorable Senate Majority Leader (R-WI) "Liberals have gone stark-raving mad, yes,"- Euterpe
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Registered: January 12, 2005
Posts: 750
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quote: 12% over 100 years is really small. I can get better returns on Treasury bonds.
Mac123 is right. You never want to keep money under the mattress. You will ALWAYS lose on inflation. A bank will guarantee like $100,000, so it is always best bet to put it in a bank. Real estate is one of the safe investment vehicles, too, but real estate is also not as liquid and requires a lot more upfront costs than stocks.
You misunderstood me abviously. It's not 12% over 100 years. It's 12% a year average over 100 years. So wha tI'ms aying is 12% a year.
Indecision may or may not be my problem
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Registered: January 03, 2005
Posts: 2470
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quote: Originally posted by carbon: quote: Originally posted by benje309:
carbon, your right. However, Real Estate is expensive, putting the $$ money in the bank is safer (CDS, bonds) (less risks).
Sure but capitalism always rewards those who risk. About social security, government should repeal it straight out. It will be an unpopular move, but it encourages people to be independent of the government. People should rather be given incentives to set up retirement funds on their own (by taxes, possibly). A government shouldn't have to hold one's hand from birth (public school) to death (welfare and retirement). It seems silly. They can't do whatever they are doing now well, how do you expect them to do well when they have even more trivial jobs such as these to deal with. Personally, I think everyone's question should be "What should I do to prepare for my retirement?" rather than "What should the government do for my retirement?" or you will be, I assure you, very disappointed.
Just because some people depend on SS, doesn't mean that they were bad at their jobs and didn't work hard. If the government didn't help, then America wouldn't have gotten out of the depression and it wouldn't be the place it is today. Most Senior Citizens today, without SS, would be living on the streets. Thats real positive carbon.
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: September 15, 2003
Posts: 19
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quote: Originally posted by benje309:
carbon, your right. However, Real Estate is expensive, putting the $$ money in the bank is safer (CDS, bonds) (less risks).
Sure but capitalism always rewards those who risk. About social security, government should repeal it straight out. It will be an unpopular move, but it encourages people to be independent of the government. People should rather be given incentives to set up retirement funds on their own (by taxes, possibly). A government shouldn't have to hold one's hand from birth (public school) to death (welfare and retirement). It seems silly. They can't do whatever they are doing now well, how do you expect them to do well when they have even more trivial jobs such as these to deal with. Personally, I think everyone's question should be "What should I do to prepare for my retirement?" rather than "What should the government do for my retirement?" or you will be, I assure you, very disappointed. |
Registered: January 03, 2005
Posts: 2470
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carbon, your right. However, Real Estate is expensive, putting the $$ money in the bank is safer (CDS, bonds) (less risks).
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: September 15, 2003
Posts: 19
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12% over 100 years is really small. I can get better returns on Treasury bonds.
Mac123 is right. You never want to keep money under the mattress. You will ALWAYS lose on inflation. A bank will guarantee like $100,000, so it is always best bet to put it in a bank. Real estate is one of the safe investment vehicles, too, but real estate is also not as liquid and requires a lot more upfront costs than stocks.
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Registered: January 12, 2005
Posts: 750
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quote:
Or a CD...i guess..im breaking a sweat runnin from board to board
lol...Yeah
Indecision may or may not be my problem
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Registered: January 03, 2005
Posts: 2470
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quote: Originally posted by mac123: quote: Take chances but sometimes its better to just keep your cash under your matress...
No its never better ot do that. Put it in a bank if you want to be safe or even a bond.
Or a CD...i guess..im breaking a sweat runnin from board to board
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: January 12, 2005
Posts: 750
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quote: Take chances but sometimes its better to just keep your cash under your matress...
No its never better ot do that. Put it in a bank if you want to be safe or even a bond.
Indecision may or may not be my problem
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Registered: January 03, 2005
Posts: 2470
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quote: Originally posted by mac123: quote:
Mac, my grandpa put some money into the stock market, he lives off Social Security, and you know what? The market went down and he lost $$.
I'm not saying that it is impossible to lose money in the stock market. I'm saying that if you stay in and not be spooked by short term fluctuations you should come out fine.
Take chances but sometimes its better to just keep your cash under your matress...
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: January 12, 2005
Posts: 750
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quote:
Mac, my grandpa put some money into the stock market, he lives off Social Security, and you know what? The market went down and he lost $$.
I'm not saying that it is impossible to lose money in the stock market. I'm saying that if you stay in and not be spooked by short term fluctuations you should come out fine.
Indecision may or may not be my problem
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Registered: January 03, 2005
Posts: 2470
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quote: Originally posted by mac123: quote:
I dont want to invest in the stock market becuase I dont want to lose my money!
LOL, lose oyur money? Have you loked at the history of the stock market? Average returns of 12 percent (including dividends) over 100+ years? People like yourself seem to always get scared of investing right after a bear market and then when it's at the tip of a bull they start investing. Crazy cycle. To be honest, many retirees are like yourself and odn't want to lose money but if they took some educational courses or even bought a boook or went to some websites they'd see that it is not very risky at all and will provide for their future. JMHO
Mac, my grandpa put some money into the stock market, he lives off Social Security, and you know what? The market went down and he lost $$.
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: January 12, 2005
Posts: 750
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quote:
I dont want to invest in the stock market becuase I dont want to lose my money!
LOL, lose oyur money? Have you loked at the history of the stock market? Average returns of 12 percent (including dividends) over 100+ years? People like yourself seem to always get scared of investing right after a bear market and then when it's at the tip of a bull they start investing. Crazy cycle. To be honest, many retirees are like yourself and odn't want to lose money but if they took some educational courses or even bought a boook or went to some websites they'd see that it is not very risky at all and will provide for their future. JMHO
Indecision may or may not be my problem
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Registered: January 03, 2005
Posts: 2470
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quote: Originally posted by mac123: quote: Mac- Who would want to depend on a SS check once a month??
To answer your question, nobody would. But that said millions are basically saying that by not preparing themselves for retirement. Really almost anybody can invest in the stockmarket or even bonds for that matter if they live frugally.
I dont want to invest in the stock market becuase I dont want to lose my money!
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: January 12, 2005
Posts: 750
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quote: Mac- Who would want to depend on a SS check once a month??
To answer your question, nobody would. But that said millions are basically saying that by not preparing themselves for retirement. Really almost anybody can invest in the stockmarket or even bonds for that matter if they live frugally.
Indecision may or may not be my problem
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Registered: January 03, 2005
Posts: 2470
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Mac- Who would want to depend on a SS check once a month??
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: January 12, 2005
Posts: 750
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quote: It's silly that so many Americans choose to depend on Social Security - there are much better options to ensure financial security.
The problem is that the American education system does not involve a course on finance/budgeting. I think it's important for young people to learn at an early age about the benefits of investing in stocks, mutual funds, CDs, 401ks, and the dangers of overspending on credit, etc. With a better knowledge of how to handle money, Americans would be able to save more.
Agreed. America (Both as a country and as a people) is the ricest yet is also heavily burdened by debt. Americans are spending more and more on the latest must have item. It really is basic finance. Budgeting your money will get'cha more in the long run. It's a 'now' philosophy rather than a 'later'. If you think long term almost everybody would not need SS. I know that I don't plan on depnding on Social Security when I'm retired. I hope to have enough stored so tha tI'm not worried about that.
Indecision may or may not be my problem
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