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Originally Posted by Rob Instigator
the reason I called the stock market gambling is that the HOUSE is predisposed to win.
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well, stockbrokers and brokerage houses have a tendency to make a mint, if that's who you mean by "the house". or do you mean the CEOs and executive teams of publicly traded companies? or do you mean large investors who can influence the market? who is "the house"?
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Originally Posted by Rob Instigator
risk is risk, and comes with being alive.
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yes, but financially speaking, it means that your saved assets are always at risk of loss. it could be your treasured books being eaten away by mold in the "safety" of your home or it could be your savings being eaten away by inflation while they rest "safely" under your mattress. there is no guaranteed safe storage for assets-- there is only more risk and less risk. and we all have the responsibility to learn to manage that risk.
historically, there is no safest investment than the stock market-- not a single company but the market as a whole-- because the market follows economic growth-- which is why index funds offer such promise vs old-style investments.
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Originally Posted by Rob Instigator
Investors and their ilk
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if you're a full-time employee with any kind of retirement plan, you're an investor
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Originally Posted by Rob Instigator
try to get you to believe you are noting all risks when investing, but what you do not have access to is the inside info which is where the tr5uly rich and powerful make their money. regular people are basically left behind to throw darts at a board.
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eh, people make money out of selling all kinds of worthless shit, it doesn't mean you have to buy it. people know more about buying cars or tvs than about buying financial products.
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Originally Posted by Rob Instigator
The entire nation (USA) has been fooled into thinking that a 401K is a retirement plan, when it is in fact, a very high risk gamble.
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where would you stash your savings that isn't a very high risk gamble? name the place. name it.
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Originally Posted by Rob Instigator
a pension that you put a certain amount in, which goes into CD's or an annuity or something that has a small, BUT ASSURED, growth rate, is sound. Putting your money into random funds because the company managing the 401k's of a corporation suggests it, is pure gambling.
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inflation is eating up the "assured" growth rates.
only fools will put their money in "random" funds. and i'm not surprised because the only "financial education" the employed get is consumerism and careerism-- earn more, buy more, do as you're told. but that's acting like a lemming.
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Originally Posted by Rob Instigator
It is one thing to ask people educated in finance and investing to manage their retirement accounts through the stock marke4t, but to ask every single working american with access to it to do so is fucked.
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it was once fucked to ask that every citizen know how to read and write and only priests knew how
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Originally Posted by Rob Instigator
A CEO would never let the mailroom guy decide his 401K investments, but that mailroom guy is expected to decide for themselves, with no help, and with no training.
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the mailroom employee has the choice to go home to watch dancing with the stars or school themselves and take responsibility for their future like an adult instead of relying on some paternalistic entity to do it for them.
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Originally Posted by Rob Instigator
It is a CON GAME
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so you don't save or invest money? or are you asking that nobody else does?