Thread: Predictions for the future:

Dr_Dubious wrote:

1. Bogle warns of excessive fees

Vanguard's founder Jack Bogle says: "The costs of offering mutual funds to millions of small accounts making weekly or monthly contributions would be even larger than today's already excessive level of fund costs." The new layer of expenses will result in returns "even less than the current yield on the U.S. Treasury bond."

Ummm....that is what the TSP is and it seems to be doing well. Jack can't beat Barclay's? No wonder we outsource internationally. :?

Dr_Dubious wrote:

2. Retirees lose in bear markets

Yeah, but I bet they were laughing right up until 2000. Greed kills.

Dr_Dubious wrote:

Plus we'll get bigger government with a costly new federal bureaucracy staffed by more than 10,000 employees to monitor private accounts for more 100 million participants.

Umm...how big is SSA? and..umm...if you increase your bureaucracy, then you didn't privatise.


Dr_Dubious wrote:

But Amnesty said post-war insecurity had left women at risk of violence and curtailed their freedoms.

Umm...okay...they hate us becuase we keep trying to turn every country into America. Stop it.