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Originally Posted by flstf
According to the initial proposal contained in the "playbook" there will be a government bond fund, corporate bond fund and broad based stock index fund. Most younger workers will probably go for the stock fund.
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Usually it helps to cite the page when you quote a document. Are you referring to this (which is an 'example speech' for politicians to make to the public, not an initial proposal):
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You will have a small number of investment choices—diversified index
funds. One fund might be a government bond fund. Another could be a
corporate bond fund. And a third might be a broad-based stock index fund.
You would decide how much of your money goes into each fund. You will
not be picking individual bonds or stocks within a fund. Each fund will
consist of hundreds of different companies. This protects first-time investors.
They will not be able to go very far astray, due to the safe, limited choices.
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(page 74)
I wonder what all those mights and coulds portend. Regardless, I think that document supports what I said, despite your attempt to rewrap it.
Good to see the republicans are finally on board with the government protecting us with safe, limited choice
