<-OT->
Hi Frank,
You missed my humor. "NOT,NOT,...." is a negation of the "tongue in cheek" statements that you reacted to.
As a matter of fact, though, the government does not now you allow investments in options, gold, coins, collectibles, most commodities, and more in your IRA. TOO RISKY! The question of the Federales deciding what is risky is my point. What is a speculative venture? Microsoft in 1983 certainly was. Dell in 1993 certainly was. This list is endless. The elements of RISK/REWARD should not, IMO, be decided by congress. Look what they have done to the Tax Code.
There is always some "meathead" politico who is trying to save someone from himself. Yet governments (polititians) sponsor and sanction lotteries, gambling, and other "risky" non-productive ventures. I guess all these lamentable "victim-less" vices are OK as long as the coffers are stuffed and it "helps the children".
One can never prevent someone being foolish with his health/life as in drunk driving, using heavy drugs and alcohol, not using seatbelts or helmets, driving fast cars and motorcycles fast, etc. Nor can one prevent someone from spending (investing) his money/assets foolishly. There will never be a shortage of liberals who will try to change human behavior.
Thanks
RW |
