I'm much more in favor of SS partial privatization at these market levels, than I was at the higher levels when earlier proposed. Should the markets go still lower, my approval rating would increase proportionally. (not that anyone cares what I think).
There should be a sliding scale, when the markets are over X valuation, no one can put their SS monies at risk, when lower, they can input higher proportions...just a thought. Along the 'buy low, sell high' line of thinking.
Perhaps the monies could be put into a money market holding fund, that could be transfered to an index, when the valuations are more favorable, and again into when the markets are over that X valuation or when people are approaching withdrawal age.
Coupled with the sliding scale, I would rather see index investing than into individual companies or bonds......I take note that a number of the former AAAs, are rated much lower now. The indices are lower, but the sliding scale would have precluded some of the high market burn factor.
Best, Savant |
