Quote:
Originally Posted by Aces4
So you want people to subscribe to another Ponzi scheme, the stock market, IMHO. The market is way overvalued at this point with prices accelerating so "the market" can keep the ever hungry investors fed. Can you not see how wildly overvalued the market would be with your plan for everyone in the US to invest? This is not an answer. We scrimped and saved too and I agree about the overspenders and not savers. But the ridiculous rates of the stock market are just as bad as the overspenders.
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The average rate of return from the markets over their long history is about 7.5- 8%, compound that and you have a good return, certainly better that your return from SS