I’m all for dismantling capitalism, but until we come up with a better system, i’m not about to liquidate my accounts just to stick it to the man. Thats cutting your nose off to spite your face
Pensions arent a thing anymore. Retirement savings accounts and lottery tickets are the only two options if you dont want to work until you’re dead…
i’m not about to liquidate my accounts just to stick it to the man.
I didn’t say you should. I am saying that under the current model, investors, including individuals whose retirement accounts are tied to the stock market, need to accept and allow for periodic market corrections, otherwise asset bubbles will form, making much more severe crashes inevitable. The problem is, investors don’t plan for or are willing to accept periodic corrections, they will only accept their accounts going up, at an increasing rate, forever. Needless to say, that is impossible.
I’m all for dismantling capitalism, but until we come up with a better system, i’m not about to liquidate my accounts just to stick it to the man. Thats cutting your nose off to spite your face
Pensions arent a thing anymore. Retirement savings accounts and lottery tickets are the only two options if you dont want to work until you’re dead…
I didn’t say you should. I am saying that under the current model, investors, including individuals whose retirement accounts are tied to the stock market, need to accept and allow for periodic market corrections, otherwise asset bubbles will form, making much more severe crashes inevitable. The problem is, investors don’t plan for or are willing to accept periodic corrections, they will only accept their accounts going up, at an increasing rate, forever. Needless to say, that is impossible.