Are investors setting themselves up for disappointment? Sure seems that way … http://finance.yahoo.com/retirement/article/108608/why-many-investors-keep-fooling-themselves?mod=retire-planning
Something I continually stress in Dividend Superstars and elsewhere is the idea that we should be glad with consistent returns via dividends, reinvestment, long-term capital gains, etc. … and that we should minimize the impact of taxes, commissions, and other frictional costs.
But obviously even many professional investors fail to understand that slow and steady really does win the race!
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- An Estate Tax Thicket … Now, Congress has made even death and taxes uncertain! As this article from the Wall Street Journal points out, estate tax laws are in...
- Social Security Report Delayed. Hmmmm … According to the Associated Press: “The Obama administration is delaying release of the annual report on the financial health of...
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The answer to keeping SS solvent is simple and inherant in it’s name. It is social security, not financial security. Let those who want investment protection play in the markets, but I look to SS for a base in social security. If cuts are to be made, let them begin with caps on large pay outs and no cap on pay ins. Basis for that is: you leverage more of the economy, you pay a greater linear share to the fund for all others. The fund should be kept free of stock market trading. It is guaranteed by the US govt, not the business finances. It should be made (and I believe it was, origionally) unlawful to borrow from the fund.
We may not look to our Reps and Senators to solve this problem unless we hold them to it relentlessly. Their interest is short term: election cycle to election cycle. There is little benefit to represent the people over personal gain. If Kohl claims his personal wealth imunizes him from this, let him prove it with his votes and backing of issues the aid the long term interests of the people. We are watching..