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Interesting take. Can you point me to a time in recent history when good, honest, hard working people (i.e. common folks) were the once making money out of the
by runarberg 6y ago
Interesting take. Can you point me to a time in recent history when good, honest, hard working people (i.e. common folks) were the once making money out of the stock market?
As a worker, my experience has always been the opposite. That is rich folks using the stock market to get some unearned money out of my work.
- Ensorceled 6y agoFor the most part, the only time "good, honest, hard working people" make money on the stock market is via their pensions.
- deleted 6y ago[deleted]
- havelhovel 6y agoJust look at AAPL or, heck, even SPY returns over the last decade. These opportunities were equally available to rich and poor alike, and they certainly didn't require a team of analysts working around the clock to uncover.
- ghaff 6y agoYeah. The last 10 years have arguably been something of an outlier but there is no shortage of companies in which a 2010 investment wouldn't have you looking at a nice pile of money in 2020. Returns in fact that a lot of people peddling "accredited investor" type products would probably kill for. And, as you say, a really boring index fund wouldn't have done half-badly either. I just want to know where these special opportunities are hiding. I do have an investment that pays me an annuity from an endowment that includes some less standard investments. But, while they get good returns, they're nothing truly out of the ordinary.
- missedthecue 6y agoThere are almost $30 trillion growing in retirement funds. https://www.napa-net.org/news-info/daily-news/retirement-assets-top-29-trillion-while-plan-fees-continue-downward-trend https://www.napa-net.org/news-info/daily-news/retirement-ass...