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I'd like to know what you're proposing as an alternative. There are savings, we want to take those savings and give them to businesses to invest and grow and th
by SilverBirch 2y ago
I'd like to know what you're proposing as an alternative. There are savings, we want to take those savings and give them to businesses to invest and grow and then share in the profits. This is good for the investor and for the business and as a result for the economy in general. It's literally a positive sum game - there may be inequality in society, but in general everyone is getting richer over time.
Someone has to figure out the mechanics of taking that money and investing it. Who would you propose does that? And what do you think is a fair share for that job? If you think the Hedge funds fees are too high? Fine, take your money out of whatever hedge fund and stick it in SPY or pick stocks yourself, but there's good reasons you wouldn't want to do that.
- mjfl 2y agoI think the average person should, in fact, do what my former manager at the hedge fund advised me to do with my own money, just put it in a low cost index fund that tracks the S&P.