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

To: Joe Btfsplk who wrote (672326)	2/15/2005 4:10:06 PM
From: Cogito	Respond to of 769667

>>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.<< George - OK, good point. As long as they don't panic and liquidate at the lows (like so many did in 2000) they will be OK. - Allen

To: Joe Btfsplk who wrote (672326)	2/16/2005 6:07:43 AM
From: JDN	Respond to of 769667

Good point George, also I would point out there is an investment strategy called DOLLAR COST AVERAGING which would seem to be right on target with privatization of SS. For those that dont know, it involves investing a similar amount on a regular basis of $$ buying whatever that buys on that day. On times when the market is DOWN you get more shares, on times that the market is UP you get less shares, BUT you always invest the same amount of $$. Many studies have shown that over time this method NEVER FAILS to yield good results. It takes TIMING totally out of the market. I have never heard of a study that lasts a LIFETIME but even over periods like 10 years it is very successful. ADD to that PULLING THE MONEY OUT over MANY YEARS should result in even more spectacular returns. Anyone who is under 40 would have to be a DAMN FOOL to be against privitization of SS, up around 55 I think it gets a little more chancy but then as I understand it its VOLUNTARY. jdn