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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
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berniel
To: #Breeze who wrote (24776)6/13/2025 1:17:04 AM
From: Kirk ©1 Recommendation   of 26766
 
It is pretty amazing how compounding works over decades. I saw the light at age 14 in high school algebra class. I believe President Bush had great popularity after great leadership after the 9/11 attack but he lost all his mojo when he suggested partially investing Social Security money in stocks to get enough funds through higher returns to meet obligations.

The Swamp didn't want to give up what I calculated at the time was an average drain of 2% a year on accounts through management fees. If everyone learned how well indexing worked, those fees would vanish. So they sank him. Also, politicians on the left talked a good story about Al Gore's "Lock Box" but they didn't want to put SS money into good investments when they can use the money to reward campaign contributors and voters with funding of special interest programs.
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