[cgbg]

Unfortunately the “bonds” in Social Security are “non marketable”.

What does that mean?

It means Ponzi my FRiend.

[Tell It Right]

Unfortunately the “bonds” in Social Security are “non marketable”.

I honestly don't understand that. You can trade U.S. treasury notes on the market. Or to make it easier, you can buy and sell shares in ETF's like TLT or mutual funds like PRULX that buy and sell U.S. treasuries like stocks. The fund managers hold onto them to collect dividends, or sell them whenever treasury rates go down (which always make the sell price of a treasury note go up because your existing treasury note collecting at a higher rate has more value than a new treasury note at a lower rate).

So is there a law saying that whatever treasuries the SS fund buys has to always be held to maturity and never sold like other treasury investors do?