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My 5 shares out of the companies 100,000,000 give me little power and is a huge investment of my time to vote intelligently with, and I have little way to coord
by SketchySeaBeast 3y ago
My 5 shares out of the companies 100,000,000 give me little power and is a huge investment of my time to vote intelligently with, and I have little way to coordinate my decisions with hundreds of thousands of other minor share owners. It would end up with the retail investors going with the path of least resistance or it'd be democratic noise.
I also don't care to use that power - my only goal is to retire one day by investing in the market as a whole through broad market ETFs. I have no interest in individual companies or how they vote. I, and the majority of other retail investors, are simply interested in financial security. Are we wrong to have that goal? Why do we need to start playing boardroom games that we can't and don't care to win?
- FredPret 3y agoBecause they are not games. Correct decisions are crucial to the running of the company, and thus your financial stake in it.
- SketchySeaBeast 3y agoYes. Why you would expect a bunch of retail investors who have no interest in running a company to make the correct or best decision for the company is beyond me. Do you want those investors to lose their chance at a retirement?