Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The fix is alignment of interest. What if a congressional pension didn't exist and they had to depend on SS. They would find a way to make it sustainable.
Giving people back their money has nothing to do with this. And, this certainly doesn't have anything to do with healthcare. On second thought, maybe it does. The state of SS clearly indicates why we shouldn't send them our money.
@VintageFreak: As Mark Twain states 'History does not repeat, but it often rhymes'. I'm also thinking there's a behavioral component as well. People enjoy popular sexy things and in the equity universe, the FANG stocks couldn't be sexier. Many i…
@catch22: I see things as you do regarding 'big money' eventually choosing to move in another direction, presumably to value. I've already seen some movement in small cap value. Because of fund availability I have a considerable amount invested i…
They don't suck most intensely, but I would never choose them outside of the plan. Most of the funds are growth funds but I'm a Value investor. I'd like to move further away from growth considering the recent over-performance, but they only offer …
Let's be honest: the lefts sycophantic, illogical and unsustainable belief system resulted in Trump as president. Those on the right can survive without those on the left. However, the left can only survive and be happy if we all join the cult an…
@Old_Joe: money is forcibly taken from us to fund an obligation. However, once taken you may or may not ever receive any of it back. The money is immediately taken and used for purposes other than the stated purpose. In its place you are given a…
@VintageFreak: I have no problem with having a 'social contract'. As I stated before, the original framework and intent was noble and sustainable. But somehow it was changed to a slush fund for government wasteful spending. If you want to create…
It is a Ponzi scheme since its mere existence is predicated on the future contributions of others. In 1935 Social Security was designed to be a 'trust' fund, funded by workers.
The intent was to address concerns of old age, poverty, unemployment…
@VintageFreak: You are right, WTF were you thinking. I don't recall morality being mentioned in the bill of rights. The problem with such thinking is who decides what is or isn't moral. Many of us believe it is immoral to take our money with the…
Someone cited Billionaires receiving SS, why shouldn't they? Just because you've been successful, it doesn't mean the government should be able to change the rules. Had the system been tweaked it would've been sustainable (with or without adequate…
@Old_Joe: I agree, financial literacy has never been taught. We are all here because we've learned how important it is to invest and prepare for retirement. Most of us could be caught saying, "I wish I had started sooner". What if we had been ta…
@bee: you have mentioned one public school that apparently isn't failing. I stand by my opinion that financial literacy isn't taught. I also stand by my opinion that kids are not prepared for success. Too many American kids are not adequately ed…
Our politicians will never resolve an issue since their primary job is to get re-elected. I'd like to propose an experiment if the moderator would allow. Let's collectively pick a subject (a difficult one) and attempt to devise an approach to reso…
Very powerful article. What's missing is the proposed solution. Failure first begins at home. Kids see their parents failing and assume there's nothing else for them. Kids then go to failing 'public' schools and learn little about what's needed …
I've been watching it as well. I already own three such funds FMIMX, FOSCX and JSCVX. My concern is Growth funds have been on a long run. I'm wondering when Value (which I own) will take over. My fear is I'll buy this Growth fund just in time fo…
@MikeM: take a look at this. https://www.smallnetbuilder.com/other/security/security-howto/32538-setting-up-and-using-openvpn-on-asus-routers?limitstart=0
I use it on the road in hotels and routinely on my cell phone. I do not notice any degradation. I wouldn't view any financial information outside the house without a VPN.
@catch22: I have found using a VPN enabled router the easiest to use. In some cases it can be as simple as enabling the server on the router and then downloading the OpenVPN Gui on your device. Then on the router, you'll export the config file an…
@JoJo26: Can you provide more details? You mentioned they were previously led. The purpose of my request is to research who was responsible for the 2008 performance.
@carew388: the only issue is I can't be sure the same Managers who got it through 07-09 period are still there. It is managed by committee and several members have left.
