Investors lose a trillion dollars in one day

[jms62]

Originally Posted by joeydb

I was directing that at Welfare and generalized handout programs. Yes, we are forced at gunpoint to "contribute" to the Ponzi scheme known as Social Security.

Our losses, in the form of the unrealized growth of the confiscated funds that would otherwise be invested, are all too real.

I laughed so hard that coffee came out my nose. Yeah leave everything up to mom and pop because everyone knows how to handle their finances. Not that the sharks would find a way to separate you from your self directed SS funds. SS would be fine if our wonderful presidents didn't use it as their personal cookie jar over the last 25 years.

[joeydb]

Originally Posted by jms62

I laughed so hard that coffee came out my nose. Yeah leave everything up to mom and pop because everyone knows how to handle their finances. Not that the sharks would find a way to separate you from your self directed SS funds. SS would be fine if our wonderful presidents didn't use it as their personal cookie jar over the last 25 years.

So we're all too stupid to invest our own money, or just some of us?

Tell you what - how about an "opt out." You don't collect any more from me, and I won't hit you up for a couple of hundred a month in 30 years either.

Deal?

[Riot]

Originally Posted by joeydb

So we're all too stupid to invest our own money, or just some of us?

You could be the most brilliant investor in the world, but you were hammered in 2008 and hammered Friday. What the hell do you think happened to millions of older people living off their lifetimes earnings investments in retirement the past 10 years? Most people are smart enough to invest for their retirement, with Social Security as the supplement it is intended to be. What do you think happened to the value of their paid-off houses due to crap agencies like S & P selling crap as AAA value?