I don't believe anyone should be managing their own social security account as it's meant to be a safety net not another avenue for some to mishandle their own discretionary funds, but the money in the social security trust fund should be invested in a well diversified conservative portfolio that is largely made up of corporate investment grade bonds with some stock exposure (no more than 20%) and perhaps some treasuries instead of being comprised of only treasuries.  When it's all treasuries, it's similar to just giving the government all of the money and them putting an IOU back in the "lockbox".  Not only that but a conservative mix portfolio historically outperforms an all treasury portfolio.

 

The idea of forcing the government to no longer use the money to purchase treasuries isn't likely to get much traction in Washington though.

---