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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (105597)	3/6/2009 8:33:59 PM
From: TimF	Respond to of 541779

but doesn't say what he means by "stocks." He does if you follow the links. Its the S&P. Does he really think that everyone will keep adding the same amount every year, month, week, whatever, without varying the amount, without withdrawing anything in scary times That's what I've been doing in my retirement account. Its what a lot of people do in 401Ks. Also yes, like all models of very complex phenomena it is a simplification, just like a map of California, is much simpler than the real California. It does show how the argument "obviously allowing individual accounts and individual direction of investment with part of the social security money was a bad idea, as we can see by the recent declines in the market", is a weak argument. "Weak" rather than "false", because its based on a model, not the real thing.