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View Diary: Six True Things Politicians Can't Say (332 comments)

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  •  Bull hockey (15+ / 0-)

    7% isn't modest...those "historical averages" are based on what may turn out to be a bygone golden any rate, no individual gets to choose the market they invest in. Unless you inherit the money, you have to accumulate it slowly over a lifetime, and getting that good return requires the luck of a bull market when you're in your 50s/60s...something that mostly just happens in Republican dreams.  If it were that easy to accumulate a million dollars, there would be far more millionaires.

    What's most amazing, though, is that after the crash of 2008 people still believe this bull.

    "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

    by Alice in Florida on Tue Sep 13, 2011 at 11:57:34 AM PDT

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    •  privatization makes conflicting assumptions (1+ / 0-)
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      The privatization people never point this out: The SS-goes-bankrupt scenario is one where the US has a long period of slow growth. What would happen to the stock market under those conditions? Probably nothing pretty, and certainly nothing like a 7% compounded annual return.

      Read the Weekly Sift every Monday afternoon.

      by Pericles on Wed Sep 14, 2011 at 07:13:14 AM PDT

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