Re: Pozen's SS plan Re: Social Security

2005-01-14 Thread Erik Reuter
* Gary Denton ([EMAIL PROTECTED]) wrote: If you read the top of the page you saw it was as of 12/31/04 a horribly 2 weeks ago. Gary, this is very simple. You are quoting results that include expenses from a time period when the expenses had not been lowered. In the time period since the

Re: Pozen's SS plan Re: Social Security

2005-01-14 Thread Erik Reuter
* Gary Denton ([EMAIL PROTECTED]) wrote: Unlike them I am not paid shills for the American Enterprise Institute being paid to persuade people that privatized federal savings To clarify we were discussing: Dr. Kent Smetters (Associate Professor at Wharton, former economist for the

Re: Pozen's SS plan Re: Social Security

2005-01-14 Thread Warren Ockrassa
On Jan 14, 2005, at 6:29 AM, Erik Reuter wrote: Anyway, they are obviously qualified to have an expert opinion. You may have partisan disagreements with them, but dismissing them as paid shills is hardly persuasive, unless you can show some credentials that qualify you to give an expert opinion. I

Re: Pozen's SS plan Re: Social Security

2005-01-14 Thread Warren Ockrassa
Apropos an earlier discussion... On Jan 12, 2005, at 3:17 PM, Erik Reuter wrote: [...] You really need to learn how to read. [...] And you are completely clueless. Why do you pretend like you know what you are talking about? [...] If you bothered to look at the performance of SP500 index funds

Re: Pozen's SS plan Re: Social Security

2005-01-13 Thread Gary Denton
On Wed, 12 Jan 2005 17:17:22 -0500, Erik Reuter [EMAIL PROTECTED] wrote: answering portions of my post * Gary Denton ([EMAIL PROTECTED]) wrote: --- Expense TICKER Ratio === 0.09%ETSPX Sorry - http://finance.yahoo.com/q/pr?s=ETSPX shows the expense

Re: Pozen's SS plan Re: Social Security

2005-01-12 Thread Gary Denton
On Tue, 11 Jan 2005 19:43:34 -0500, Erik Reuter [EMAIL PROTECTED] wrote: * Gary Denton ([EMAIL PROTECTED]) wrote: Perhaps Erik can point me to these mutual funds with management fees less than 0.18% that an individual investor can participate in? Sure. Here are three: ---

Re: Pozen's SS plan Re: Social Security

2005-01-12 Thread Erik Reuter
* Gary Denton ([EMAIL PROTECTED]) wrote: --- Expense TICKER Ratio === 0.09%ETSPX Sorry - http://finance.yahoo.com/q/pr?s=ETSPX shows the expense ratio is 0.40% and a 10 year expense of $982 per $10,000 invested. 0.10%FSMKX

Re: Pozen's SS plan Re: Social Security

2005-01-12 Thread Warren Ockrassa
[quick aside] On Jan 12, 2005, at 3:17 PM, Erik Reuter wrote: You know, there are books written on this stuff. I referenced one of them previously. It is not hard to understand. You really left yourself open on that one, you know. -- Warren Ockrassa, Publisher/Editor, nightwares Books

Re: Pozen's SS plan Re: Social Security

2005-01-11 Thread Gary Denton
On Mon, 10 Jan 2005 12:34:29 -0500, Erik Reuter [EMAIL PROTECTED] wrote: * Gary Denton ([EMAIL PROTECTED]) wrote: About $100 billion a year would be freed up for stocks, bonds and other investments under a tentative plan President Bush has floated to fix the Social Security retirement

Re: Pozen's SS plan Re: Social Security

2005-01-11 Thread Erik Reuter
* Gary Denton ([EMAIL PROTECTED]) wrote: Perhaps Erik can point me to these mutual funds with management fees less than 0.18% that an individual investor can participate in? Sure. Here are three: --- Expense TICKER Ratio === 0.09%ETSPX 0.10%FSMKX 0.10%

Re: Pozen's SS plan Re: Social Security

2005-01-10 Thread Gary Denton
On Thu, 6 Jan 2005 21:35:03 -0500, Erik Reuter [EMAIL PROTECTED] wrote: The route to real pensions reform Jan 6th 2005 From The Economist print edition http://www.economist.com/finance/PrinterFriendly.cfm?Story_ID=3535838 Progressive indexing of retirement benefits by wage level, argues

Re: Pozen's SS plan Re: Social Security

2005-01-10 Thread Erik Reuter
* Gary Denton ([EMAIL PROTECTED]) wrote: About $100 billion a year would be freed up for stocks, bonds and other investments under a tentative plan President Bush has floated to fix the Social Security retirement system by creating private investment accounts. The fees paid to brokers and

Re: Pozen's SS plan Re: Social Security

2005-01-10 Thread Robert G. Seeberger
Erik Reuter wrote: The annual fee for an index fund is about 0.1%. So, 0.1% of $100B is $100M. In actuality, it will be lower, since such a large account will be able to get economies of scale. Very large pension funds currently can get 0.05%. Maybe I'm misunderstanding here, but you are

Re: Pozen's SS plan Re: Social Security

2005-01-10 Thread Erik Reuter
* Robert G. Seeberger ([EMAIL PROTECTED]) wrote: Maybe I'm misunderstanding here, but you are saying that 100B is a large account and will make less money? Not less money. Lower percentage rate. And $100B isn't the biggest account by itself, but $100B a year for several years would soon become

Re: Pozen's SS plan Re: Social Security

2005-01-09 Thread Gary Denton
On Sat, 8 Jan 2005 17:58:42 -0500, Erik Reuter [EMAIL PROTECTED] wrote: On Sat, Jan 08, 2005 at 04:25:39PM -0600, Gary Denton wrote: On Sat, 8 Jan 2005 06:32:24 -0500, Erik Reuter [EMAIL PROTECTED] wrote: On Sat, Jan 08, 2005 at 05:24:30AM -0600, Gary Denton wrote: BTW, this

Re: Pozen's SS plan Re: Social Security

2005-01-08 Thread Gary Denton
On Thu, 6 Jan 2005 22:59:12 -0600 (CST), Julia Thompson [EMAIL PROTECTED] wrote: On Thu, 6 Jan 2005, Erik Reuter wrote: The route to real pensions reform Jan 6th 2005 From The Economist print edition http://www.economist.com/finance/PrinterFriendly.cfm?Story_ID=3535838 most

Re: Pozen's SS plan Re: Social Security

2005-01-08 Thread Erik Reuter
On Sat, Jan 08, 2005 at 05:24:30AM -0600, Gary Denton wrote: BTW, this proposal affects workers under 55. Erik's and other's comments that no one who has contributed to SS will be effected is total BS as even the briefest look at the numbers or or logic shows. I was referring to the plans

Re: Pozen's SS plan Re: Social Security

2005-01-08 Thread Gary Denton
On Sat, 8 Jan 2005 06:32:24 -0500, Erik Reuter [EMAIL PROTECTED] wrote: On Sat, Jan 08, 2005 at 05:24:30AM -0600, Gary Denton wrote: BTW, this proposal affects workers under 55. Erik's and other's comments that no one who has contributed to SS will be effected is total BS as even the

Re: Pozen's SS plan Re: Social Security

2005-01-08 Thread Erik Reuter
On Sat, Jan 08, 2005 at 04:25:39PM -0600, Gary Denton wrote: On Sat, 8 Jan 2005 06:32:24 -0500, Erik Reuter [EMAIL PROTECTED] wrote: On Sat, Jan 08, 2005 at 05:24:30AM -0600, Gary Denton wrote: BTW, this proposal affects workers under 55. Erik's and other's comments that no one who

Re: Pozen's SS plan Re: Social Security

2005-01-06 Thread Julia Thompson
On Thu, 6 Jan 2005, Erik Reuter wrote: The route to real pensions reform Jan 6th 2005 From The Economist print edition http://www.economist.com/finance/PrinterFriendly.cfm?Story_ID=3535838 most snipped The third and best answer is progressive indexing. This means the continuation of