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On the other hand, letting people access cheap trading when they are young might let them learn about the stock market the only way it sticks. The hard way. Wit
by njarboe 8y ago
On the other hand, letting people access cheap trading when they are young might let them learn about the stock market the only way it sticks. The hard way. With the current retirement system in America they will be in control of their, hopefully, very large retirement account at some point.
It would be better for people to learn early about trading and experience a few business cycles before they transfer $1 million out of their employees plan into their own E-Trade IRA account at age 55. A lot of older people lost much of their retirement fund in both the dot com and 2008 crashes. Buy high, sell low is the natural behavior of the human animal.