2 ms·

If this discussion is still narrowly tailored to the securities market, since this discussion was also about "insider trading", which is a unique prohibition to

If this discussion is still narrowly tailored to the securities market, since this discussion was also about "insider trading", which is a unique prohibition to the securities market and not any other capital market then: Retail has no business in the securities market. thats where it ends up. stop playing. retail investors flocking to the stock market is a 40 year old meme that is built upon non-objective thought and gullibility. It is built on laziness. Retail doesn't meme commodities because there is almost no lazy investing approach to it. But the reality is that there are other capital markets. Retail isn't helping the stock market, they aren't helping the companies they like by buying stocks they "recognize", they are MAYBE lowering borrowing costs for the company, its executives and employees, but retail's trading has nothing to do with anything.

ebiester 7y ago
Laziness? It's built on desperation. There were some solid ways to develop retirement strategies with lifelong careers, pensions, and other older retirement vehicles. However, pensions are largely irrelevant outside the public sector now, the older retirement vehicles have stagnated/become poor investments (like annuities, which have become a landmine for terrible fees), and what was left was 401ks and individual retail stocks. Mutual funds are a similar landmine, where transparency is lost and they're often built for the tax particularities of retirement accounts. That leaves retail and... ETFs, which we can only wait for someone to find an angle to extract more value at the expense of small investors' returns.
- rolltiide 7y ago
  Yes, 401ks were hoisted on the public and threw the most responsible one's money into the stock market. Creating reliable liquidity for other institutional firms. It is pretty amazing and ingenious. No, it doesn't undermine the observation that retail shouldn't be playing.

ebiester 7y ago

Laziness? It's built on desperation. There were some solid ways to develop retirement strategies with lifelong careers, pensions, and other older retirement vehicles. However, pensions are largely irrelevant outside the public sector now, the older retirement vehicles have stagnated/become poor investments (like annuities, which have become a landmine for terrible fees), and what was left was 401ks and individual retail stocks. Mutual funds are a similar landmine, where transparency is lost and they're often built for the tax particularities of retirement accounts. That leaves retail and... ETFs, which we can only wait for someone to find an angle to extract more value at the expense of small investors' returns.

rolltiide 7y ago
Yes, 401ks were hoisted on the public and threw the most responsible one's money into the stock market. Creating reliable liquidity for other institutional firms. It is pretty amazing and ingenious. No, it doesn't undermine the observation that retail shouldn't be playing.