Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (80865)	12/6/2000 12:27:32 PM
From: chowder	Read Replies (1) \| Respond to of 95453

Hi Slider! .... Re: Social Security Funding Actually Slider, I think the deal is doable. It is my understanding the privatization of SS would be along the lines of the Federal 401K's. Federal Employees are only allowed to invest in Index Funds or cash. The S&P 500 Index is as risky as it gets. A stock index, a bond index and cash are the plans they invest in now. I understand a Global Index, or similar will be available soon. The SS plan will not be available to older citizens. (Above 40, in my opinion, would not be allowed to participate.) The others "could" be allowed to invest based on a formula if I were to design it. Your current age subtracted from 100 would be the max you could invest in the S&P Index. The difference could be divided between bonds and a money market fund. Example: Age 35 would be allowed to invest 65% in The S&P 500, (100-35=65). Then 20% into bonds and 15% into money markets. The amounts invested would be adjusted each year as you age, therefore putting less money into the S&P and more into bonds and/or cash. It's doable in my opinion. The question is, is it sellable and then enforceable? Just some humble thoughts on a boring day. dabum