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History Lesson on Your Social Security Card
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Bill[_37_]
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History Lesson on Your Social Security Card
wrote:
On Jul 14, 10:57 pm, "Ed wrote:
But that would upend the idea that Social Security is *secure*. Investment
in business is always a risk. Philosophically, I'm not in favor of adding
risk to the system. When you're ready to retire, it's too late to be rolling
dice. To the degree that the government is involved with the real economy,
my feeling is that their primary job is to encourage growth.
--
Ed Huntress
Mutual fund managers believe there is also a risk of not being
invested. That is the risk Social Security is now taking. It is not
invested and it is not providing any return.
A diversified investment
is safer than one that is not diversified.
What does "safer" mean? You may do better thinking in terms of
"expected value" and "standard deviation". I agree with you: I think
the bottom line is to be *diversified*. However, following any
assumption comes with a risk. So does driving your car.
Bill
Dan
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