SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : To be a Liberal,you have to believe that.....
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: greenspirit who wrote (1884)9/12/1999 1:39:00 PM
From: Lizzie Tudor  Read Replies (1) of 6418
 
Hey Michael, question for you.

I assume you posted this piece Public Prefers Social Security Privatization - because you prefer privatazion, is that correct?

Now lets assume for a moment that your average social security recipient is about as investment-savvy as your average SI member - not true of course but lets just take that tact for arguments sake.

I would say off the top of my head that I witnessed about 5% of investors last year experiencing what I would call a "total wipeout"... where they either lost 90% of their net worth or $1mm or more (whichever is higher)... and these were some pretty smart people mind you... so applying that to the general population, if you have a set of SS recipients that get wiped out in the markets, how would you propose dealing with that situation? Thanks
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News