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Author: pekinrobin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Re: Even SS does better than this Date: 1/4/2005 9:38 AM
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What makes this really interesting is that the president of the group is also the Republican county chairman and a very vocal supporter of privatizing social security. If he manages his private account like he's managed this fund, the 2% yield of the current SS system will start to look pretty good.


Now you're catching on. The privatized Social Security accounts will be guaranteed losers for investors, since it is welfare for financial industry companies. Never forget that they have already limited the upside of your return -- the highest proposed "allowable" return in a given year is 9 percent -- but the losing years are all yours.

You can't win a rigged game.

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