Charles Duhigg Quotes

Do I want to see people take their Social Security payments and put them into private accounts, open up an eTrade account and go into the stock market? Absolutely not.

I was a stock broker once. I think there is an absolute place for market investments. But they should never be the basis of one's retirement. They should be an additional piece on top of a basic, secure, guaranteed retirement benefit.

Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.

Republicans are suggesting that you take your retirement money and invest it in the stock market to take care of yourself but that leaves you with choices that you may not know anything about. The purpose of social Security is that you don't fall through the crack and find yourself destitute.

Our seniors' retirement should never rely on the bull of political promises or the bear of the market.

Youth should be a savings bank.

But with a rate of return of 1.6 percent or less, or a negative rate of return, our children and our grandchildren, if we do not make changes, will in fact not have a secure retirement. Indeed, they will not have the funds when they go to retire to even minimally get by.

For people who have for been putting their hard-earned money into the system for years, the president's idea would replace their safety net with a risky gamble with no assurance of a stable return of investment.

I've seen people be effective, even among local teams, by offering something that improves wellbeing in a small way - people who get passionate about smart investment strategies and managing finances for retirement, for example.

Even people who feel perfectly comfortable investing in the stock market and owning their own homes often have qualms about individual medical accounts or Social Security private accounts.

I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.

In other words, Social Security is every bit as insecure as the stock market.

There is no quick way of making money. People come to you with tips for the races or offer the latest Ponzi scheme, but I can see them coming a mile off. I just go with the adage that if it sounds too good to be true it probably is.

'Returnless risk' is not how you prepare for a decent retirement.

Employees did not only have their money in their 401k’s. They had their lives in those 401k’s ... today most people have most of their money in public stocks ... and the government regulates very little of this.

Ask the shareholders of Enron how they would feel about privatizing Social Security.

Shopping for an annuity with hundreds of thousands of dollars at stake can be daunting, even for an economist.

If you live in the digital economy, you have to be careful to have your investment thesis squarely bolted into your reality.

An annuity is a very serious business.

From the employees' standpoint, in 1935, Social Security was a big gamble. Employees would be required to participate in the program, contributing a percentage of their income for their entire adult working life.

Even though I've reached retirement age, I still plan to work - writing my investment newsletter, speaking at conferences, publishing books, and producing conferences like FreedomFest.

I made a lot of money. I earned a lot of money with CNN and satellite and cable television. And you can't really spend large sums of money, intelligently, on buying things. So I thought the best thing I could do was put some of that money back to work - making an investment in the future of humanity.

Money has no grey areas. You either make it or you lose it.

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

Well, today people have to be self-reliant if they want a secure retirement income.