Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: lorne who wrote (59159)	3/22/2005 3:52:27 PM
From: sea_biscuit	of 81568

Yeah, right. Choices. Shmoices. Just look at how the average Joe did when he had choices in his 401k accounts. Even in the secular bull of 1982-2000, when the markets rose 17%, the average Joe made a pathetic return -- something like 5 or 6 percent. Why? Choices! And now we are in a secular bear-market with markets fiercely reverting to the mean. An optimistic return for the next 15-20 years from 2000 would be about 5 percent. Give the average Joe some choices and with some help from the friendly Wall Street broker, he will end up with a negative return! Yeah, the "ownership society" -- didn't Lincoln abolish it when he issued the Emancipation Proclamation?

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