General Discussion

panader0

(25,816 posts)

8. I remember when Bush II tried to tie Social Security to the stock market.

Mon Dec 17, 2018, 06:17 PM

Dec 2018

Everyone here seemed to think it was a terrible idea, and it was and is.
But so many here tie their retirement funds to the market. Why? If it's a bad
idea for Social Security, why is it a good idea for your 401k?
I have zero stock, no portfolio. As I have mentioned here before, 90% of all
stock is owned by the top 10%. Most people do not own stocks.
It's a rich man's poker game. A gamble.
If you have a retirement plan that relies on the market, I believe you can
restructure the plan.

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More winning [View all] malaise Dec 2018 OP

Not looking at my portfolio.. cilla4progress Dec 2018 #1

Down 12% since October. Wellstone ruled Dec 2018 #2

Down 4.5% for the year. Individual 1 economy. So much winning. Squinch Dec 2018 #5

That's since the Great Depression lunatica Dec 2018 #3

Correct malaise Dec 2018 #4

And they don't want evil gubmint help, so not fooled Dec 2018 #15

I'm thinking soylent green. MAGA gag me with a spoon. erronis Dec 2018 #16

MAGAts gotta eat, y'know Hermit-The-Prog Dec 2018 #37

Agree with all. We really need tags that show "insane irony" or even higher/lower levels erronis Dec 2018 #39

thanks! percontation point and irony mark Hermit-The-Prog Dec 2018 #40

Yeah - even trying to read these wikipedia pages in the latest firefox blows out the display. erronis Dec 2018 #41

Enough with the winning, already! marble falls Dec 2018 #6

While I am not a Trump fan that just isn't true. Maybe in point loss doc03 Dec 2018 #7

It actually is true. OilemFirchen Dec 2018 #11

Ok maybe for a December but no way for the year. nt doc03 Dec 2018 #12

The OP says December malaise Dec 2018 #14

That is deceiving to pick one month doc03 Dec 2018 #23

It's also the worst year in a decade n/t malaise Dec 2018 #42

I think you are right about that nt doc03 Dec 2018 #49

I remember when Bush II tried to tie Social Security to the stock market. panader0 Dec 2018 #8

The stock market averages 10% per year return. PoindexterOglethorpe Dec 2018 #32

It'll be interesting to see what happens tomorrow if the fed raises interest rates. Vinca Dec 2018 #9

Cancelling the TPP was another huge, expensive blunder FakeNoose Dec 2018 #10

Well said malaise Dec 2018 #43

My oldest son is a senior this year Bettie Dec 2018 #13

thats not true at all......nt mentalslavery Dec 2018 #17

Tell CNBC n/t malaise Dec 2018 #18

not the best source for information mentalslavery Dec 2018 #24

Something here is telling me I need to wash socks. rzemanfl Dec 2018 #27

Haha malaise Dec 2018 #44

I wash them by hand like Harry Truman did. n/t rzemanfl Dec 2018 #47

... Major Nikon Dec 2018 #19

No no no malaise Dec 2018 #21

Sounds like someone is having a "Muunday" flibbitygiblets Dec 2018 #28

ROFL malaise Dec 2018 #29

That movie was a public service message about how NOT to run a business flibbitygiblets Dec 2018 #36

Love it malaise Dec 2018 #45

tRump has wiped out all his stock market gains and now PeeJ52 Dec 2018 #20

Huh? When Trump took office the Dow was just under 20,000. PoindexterOglethorpe Dec 2018 #35

But at least the debt and deficit are down.... AJT Dec 2018 #22

Ha malaise Dec 2018 #30

Tariff Man! Liberal In Texas Dec 2018 #25

Every thing he touches turns to shit malaise Dec 2018 #31

Ari was talking about it this afternoon too. Not good. nt UniteFightBack Dec 2018 #26

I think it is significant watoos Dec 2018 #33

Of course it's significant malaise Dec 2018 #34

Thanks Obama. NT WeekiWater Dec 2018 #38

Morning Joe starts with this malaise Dec 2018 #46

That's awesome. WeekiWater Dec 2018 #48