What Might Have Happened If Bush Jr. Had Been Allowed to Invest Social Security Funds in the Stock Market Like He Wanted To ?

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Education & Training TN LIC# 290452 (retired)

 

Of course this is just a fictional scenario, but it makes you wonder just how bad the financial sector of our nation would have suffered if such a plan had been carried out in view of the disasterous situation on Wall Street in recent days, in addition to the declining interest in the secondary mortgage market because of failed subprime.

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Rainer
102,960
Tom Robinson
Keller Williams Realty Kingstowne/Alexandria, VA Office - Fairfax, VA
Experienced Real Estate, Professional Serving No. VA and DC

It sounded like a good idea at the time. Glad it never happened. Then again, he could have said invest it all in real estate and your picture would have been appropriate as well. These things go in cycles. Overall, I think real estate is an important part of a portfolio as is, to some degree, stocks and mutual funds. Social Security shoudl stay where it is although I think it will become less and less of everyone's retirement plan.

May 19, 2010 10:57 AM #1
Rainmaker
1,551,208
David Saks
Memphis, TN

Sounded like a good idea, Tom ? :-) I suppose Jim Jones preaching in Guyana sounded good to his followers as well.

May 19, 2010 11:10 AM #2
Rainer
148,705
Dinah Stallworth
Priority Real Estate LLC - 800.978.4847 - Natchitoches, LA
NATCHITOCHES, LA HOMES FOR SALE

Jay,

  I am so glad that never happened.  I agree with Tom, at the time it sounded like a good idea. If George Bush, Jr. had invested, I wonder what would be left, if anything of the Social Security system today?  Something to think about ...

 

May 19, 2010 11:14 AM #3
Rainmaker
1,551,208
David Saks
Memphis, TN

Me, too, Dinah. He made some bad decisions, but everybody does. Bad decisions are ok occasionally, and can be rectified, as long as they don't cripple a nation.

May 19, 2010 11:25 AM #4
Rainmaker
839,852
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

A picture speaks a thousand words.

Thank you for sharing.

Have a nice weekend!

May 22, 2010 06:20 PM #5
Rainmaker
1,551,208
David Saks
Memphis, TN

Thanks, Joshua. You too, my friend.

May 23, 2010 01:16 PM #6
Rainmaker
719,059
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

Is this True or False?

There are no social security funds in reality

:)

May 24, 2010 12:02 PM #7
Rainmaker
1,551,208
David Saks
Memphis, TN

Exaggeratedly, hyperbolically true.

May 24, 2010 12:15 PM #8
Rainmaker
719,059
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

So True...sad to say. Good thing realtor's can work until death!

May 24, 2010 04:19 PM #9
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Rainmaker
1,551,208

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