it is regulated by many the same groups who utilize the system, and so it is inherently corrupt.
funny thing is that before all the retirement went into it it sorta made sense but now the whole thing is a pyramid scheme kept afloat by the retirment plans. Its been wierd since the start of this millenium
My 401k balance disagrees with you.
The system is deeply flawed but I’m still going to retire with several hundred thousand dollars more than I would have if I had just put that money in savings.
Don’t let idealism blind you to reality on decisions that have such far reaching consequences for your life. Put your money in index funds and vote for people who say they will improve the system.
100%, it’s gambling at a rigged casino. Silly money pushing silly money from pleebs, index funds might have worked for the early boomers but not since the early 00s
Ypu sre right in that the stock market, especially the US stock market, is a cluster fuck.
But it’s a cluster fuck that mostly goes up, with solid returns over the last 10-20 years in index funds. I’m not going to cut my nose to spite my face on that, especially when the populous alternatives, like being a landlord, tend to have serious ethical concerns.
For examples of why the market is fucked, something your argument clearly lacked, the biggest indicator for me is that news of large buys/saells tend to move the market much more than the actual buy/sale.
(Personal theory, derivatives pretty much control the market, and a buy/sell doesn’t interact with calls/puts typically, but the news of a sale gets people to interact with calls/puts)
ITT: I’m personally benefiting from the corrupt system and I can’t imagine that will ever change so the stock market is a good thing.
See you’re absolutely right, but simultaneously, there’s no other system that allows your savings to potentially beat inflation, and at the same time, it’s impossible to completely stop inflation and deflating currency can actually have VERY BAD consequences for small markets not able to operate during spending strikes. Even a federally managed pensioner’s fund based on a Norway style sovereign wealth fund will inherently rely on this inherently corrupt system to preserve people’s hard work and savings against inflation long term, they’re just gonna be kinda smarter about it and able to be fired if they fuck it up or act too obviously corrupt.
Do you have any alternatives?
So far the stock market has treated people well. It outpaces inflation, and is safer than other investments
Counterpoint. Your money is going to lose value to inflation and commodities are speculative and don’t have a labor force working for you. Invest in CDs if you are wary of using stocks/ETFs/options
Compact Discs?
Listening to music can help one forget the fact that they’re broke, sure
Sigh. It hurts that I agree with you; only because you’re right.
However it does try to achieve equality in its corruption. ???
Do not muck about with individual stocks. Stick to index funds
ah the old ‘post a popular opinion in /c/unpopularopinion’ gag
never change
redditlemmyi actually thought this unpopular as i get shit on repeatedly in threads stating it … that and, ya know, every corporation and the US govt decided it should be this way
no need to be a dick about it.
it wasn’t my intention to be a dick. i apologize
please keep posting, and if someone’s being a dick, tell them to go eat shit!
thank you for your consideration, i really appreciate it.
Downvote because this isn’t unpopular, it’s plain wrong and financially bad advice - that if anyone takes will kill their retirement.
Short term it can be up and down (nonsense if you want), but long term over decades it’s the best way to invest your retirement money. And we need to since the demise of Defined Benefit pensions. With Defined Contribution “pensions” we need to save our money in vehicles that grow it.
“Should not be” in an abstract sense, sure. In cold reality, I don’t see what other strategy someone has to actually retire. Safer investments don’t have anywhere near the same returns.
It amazes me that companies aren’t forced to pay a certain percentage of profit as dividends.
im amazed at a market with zero sales ‘trade’ tax.
every trade should have a % of value tax, or $50.00, whichever is greater
There’s a tax on gains realized or something, right? But you’re right, I think, that taxing each transaction would do a lot to help redirect wealth from the ultra rich. I’ll consider it further, but I think you’ve persuaded me.
Why though?
The tax is on pulling it out. People make small trades all the time, and computers make millions of them. It would take more time and money to calculate the taxes than the actual taxes.
It would take more time and money to calculate the taxes than the actual taxes.
this is a feature, not a detriment.
Wait, so if a single thing that costs 10bucks and gets traded between companies 100 times should be taxed 100 times before it reaches the end consumer?
Do you really need to be told how much this increases prices?
Unpopular? That’s my opinion!
You’re right. We should put all our money in mortgage backed securities.
