> The counterpoint is that this leaves money invested, which means others invest in other thing.s.. This means less money for R&D, for expansion, for your emplo

> The counterpoint is that this leaves money invested, which means others invest in other thing.s.. This means less money for R&D, for expansion, for your employees... When grandma's Fidelity manager takes 2% every year to buy overpriced mutual funds that themselves eventually just buy SPY, how many dollars do you think goes to capital raises of any kind? The top of the S&P, which essentially determine its returns, are doing stock buybacks with their cash. You would have been more persuasive if you had said, "Taking cash out of the stock market and into real assets results in inflation, which is bad for everyone, because nobody needs Apple stock to live, but they would like houses."