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we have company sponsored ways to save and invest as well as ways on your own.
long term if you do not invest in the market odds are you will not meet your retirement goals unless born wealthy ,so yes millions of americans invest in the markets in various ways
Yes, having eviscerated workers and their represenatives, the corporatists simply dumped all the risk of managing a retirement system back off onto individual workers, most of whom do not and never have had an actual clue as to what they are doing. Despite this fact of course, the two things that you can count on an American male to lie about are 1) how good he is in bed, and 2) what a savvy investor he is. It's just hilarious here.
Yes, having eviscerated workers and their represenatives, the corporatists simply dumped all the risk of managing a retirement system back off onto individual workers, most of whom do not and never have had an actual clue as to what they are doing. Despite this fact of course, the two things that you can count on an American male to lie about are 1) how good he is in bed, and 2) what a savvy investor he is. It's just hilarious here.
The one's that do know what they are doing prefer it this way
I always find it odd that people can spend so much time working to earn money and can't be bothered to take a few minutes to understand how it can work for them.
To the OPs question;
I am still relatively young and have been investing in the stock market since my mid 20s. So, yes we do!
The one's that do know what they are doing prefer it this way.
As already noted. most of those who think they know so much about what they are doing in the market are just a bunch of fibbers and flubbers. Made money when throwing darts was a profitable stock-selection technique and think it must have been their unique insights and stock-savvy that did the trick. What a bunch of bozos.
Meanwhile, the shift from defined-benefit systems to defined-contribution systems was just a way for corporations to dump a huge boatload of risk that they needed to book reserves for off onto individual citizens who plainly do not have the wherewithal to match the sorts of professional portfolio management that they had before. Everyone but corporations is -- to this point -- worse off in the process. Mess it up as an individual and you end your life living in poverty.
More than likely however, the corporate-to-personal shift eventually gets extended to become corporate-to-personal-to-government as publicly managed retirement systems come to dominate the arena. The diffused crapshoot model is simply too expensive to suggest that it will have a long life. Far more likely that both health and retirement systems are simply migrating these days from being part of the private sector to being part of the public sector. Might be a good thing in the long run, but it will hurt people during the transition.
Quote:
Originally Posted by mizzourah2006
I always find it odd that people can spend so much time working to earn money and can't be bothered to take a few minutes to understand how it can work for them.
I always find it odd that such unfounded levels of hubris can exist in the world. The peacock is modest in comparison to these people.
having eviscerated workers and their represenatives[sic], the corporatists simply dumped all the risk of managing a retirement system back off onto individual workers
The above has no place in the economics forum. It belongs in the Politics & Other Controversy forums.
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