kyounge1956
Thinks s/he gets paid by the post
- Joined
- Sep 11, 2008
- Messages
- 2,171
OK.... this is an interesting quote
"There are people in the Obama Administration who are supportive of some kind of guaranteed system," says Dean Baker of the Center for Economic and Policy Research. "People should not have to shoulder the risk of a bad turn in the market."
(I added bold)....
So my question would be... who SHOULD sholder the risk of a bad turn in the market? And also, who should benefit from an unexpected good turn in the market?
You're right.
People don't have to shoulder the risk of a market downturn if they don't want to. They have the option of saving via safer vehicles such as CD's or a "Worry-fee Investing" approach. IIRC there are some members of this board who have taken those or similar routes. You might have to start earlier, save more and/or work longer, but you won't get bitten by a bear market.