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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (672306)	2/15/2005 2:56:32 PM
From: E. T.	Respond to of 769667

Only a small minority of people know how to invest and trade profitably, imo. Choice is great, but I don't believe the majority of people are effective securities traders or mutual fund traders. And just think what a bonanza this new found control over your retirement portfolio provides for investment scam artists to take peoples money.

To: Cogito who wrote (672306)	2/15/2005 2:59:01 PM
From: Johannes Pilch	Read Replies (1) \| Respond to of 769667

But what about the person in my example, who gets wiped out at the last minute because the market does fluctuate, after all. Should he just go live under a bridge and collect cans and bottles? He should have been prudent. I ought not be forced to pay for his mistakes. One should always hedge in some way. Even with Social Security one should hedge. The government ought not be for us an excuse to live like babies.

To: Cogito who wrote (672306)	2/15/2005 4:04:58 PM
From: Joe Btfsplk	Read Replies (2) \| Respond to of 769667

what about the person in my example, who gets wiped out at the last minute because the market does fluctuate, after all. Very real to me, because I'm dependent on accumulated savings. About two years ago things got real bleak. I tightened up, stayed invested, and am slowly recovering. Anyway, your premise is false. You don't liquidate on the day you retire. Most would accumulate a nice pile if invested for 40 years, presumably shift to safer investments later in life, and withdraw according to their circumstances. Gotta go now and collect some cans and bottles.