Wednesday, October 21, 2015
It's time to control your own destiny
LAWRENCE BAY had this letter in the October 21 Dispatch/Argus AND Quad-City Times. ..... marks paragraph breaks. "The recent presidential debates help define the fundamental difference between Republicans and Democrats. Democrats imply that Americans are helpless souls unable to survive without government aid and guidance. Republicans believe Americans can achieve wealth and greatness through their own efforts. Democrats attack millionaires and billionaires. Most Americans don't resent wealth. Most Americans want to become millionaires and billionaires. Republican policies help more Americans fulfill those dreams. ..... It is so easy to become self-sufficient. All that is needed is to spend less than your income and invest in a deferred compensation plan. Everyone should be able to retire as a millionaire by simply living below their means. ..... The Democrats try to scare Americans from investing in the stock market calling it a risky gamble. Let's set the record straight. No one has ever lost money in the stock market using periodic dollar-cost averaging in a diversified stock portfolio using a buy-and-hold strategy over a working career. The stock market has out-performed almost every other investment vehicle. ..... Compound interest has been called the most powerful force in the universe. It can work to increase your wealth, or your debt. Americans should be free to max out on their deferred compensation or their credit cards. Americans should also live with their choices. ..... Democrats claim that for some to win others must lose. Republicans believe that almost everyone can be a winner and that we have the ability to control our own destiny. The choice is yours."