it is regulated by many the same groups who utilize the system, and so it is inherently corrupt.
ITT: I’m personally benefiting from the corrupt system and I can’t imagine that will ever change so the stock market is a good thing.
Unpopular opinion or financial illiteracy?
apparently neither
Both really.
funny thing is that before all the retirement went into it it sorta made sense but now the whole thing is a pyramid scheme kept afloat by the retirment plans. Its been wierd since the start of this millenium
This is such a vague opinion that serves only to state itself without regard to justification, so without examples of what you are talking about to discuss, the only argument I can offer is “I disagree”, and my own take on the stock market.
The stock market has always experienced volatility, but some stocks are safer than others. Investing stocks in reliable funds long-term is a proven way to increase the value of your earnings. Bad experience as a retail day-trader are expected, and not a reflection of long term investments in funds administrated by knowledgeable financial professionals.
The only thing that could end the trend of diversified portfolios appreciating in value is total economic collapse, but the loss of my investments would be the least of my worries in that scenario.
Ypu sre right in that the stock market, especially the US stock market, is a cluster fuck.
But it’s a cluster fuck that mostly goes up, with solid returns over the last 10-20 years in index funds. I’m not going to cut my nose to spite my face on that, especially when the populous alternatives, like being a landlord, tend to have serious ethical concerns.
For examples of why the market is fucked, something your argument clearly lacked, the biggest indicator for me is that news of large buys/saells tend to move the market much more than the actual buy/sale.
(Personal theory, derivatives pretty much control the market, and a buy/sell doesn’t interact with calls/puts typically, but the news of a sale gets people to interact with calls/puts)
My 401k balance disagrees with you.
The system is deeply flawed but I’m still going to retire with several hundred thousand dollars more than I would have if I had just put that money in savings.
Don’t let idealism blind you to reality on decisions that have such far reaching consequences for your life. Put your money in index funds and vote for people who say they will improve the system.
100%, it’s gambling at a rigged casino. Silly money pushing silly money from pleebs, index funds might have worked for the early boomers but not since the early 00s
See you’re absolutely right, but simultaneously, there’s no other system that allows your savings to potentially beat inflation, and at the same time, it’s impossible to completely stop inflation and deflating currency can actually have VERY BAD consequences for small markets not able to operate during spending strikes. Even a federally managed pensioner’s fund based on a Norway style sovereign wealth fund will inherently rely on this inherently corrupt system to preserve people’s hard work and savings against inflation long term, they’re just gonna be kinda smarter about it and able to be fired if they fuck it up or act too obviously corrupt.
“Should not be” in an abstract sense, sure. In cold reality, I don’t see what other strategy someone has to actually retire. Safer investments don’t have anywhere near the same returns.
Counterpoint. Your money is going to lose value to inflation and commodities are speculative and don’t have a labor force working for you. Invest in CDs if you are wary of using stocks/ETFs/options
Compact Discs?
Listening to music can help one forget the fact that they’re broke, sure
ah the old ‘post a popular opinion in /c/unpopularopinion’ gag
never change
redditlemmyi actually thought this unpopular as i get shit on repeatedly in threads stating it … that and, ya know, every corporation and the US govt decided it should be this way
no need to be a dick about it.
it wasn’t my intention to be a dick. i apologize
please keep posting, and if someone’s being a dick, tell them to go eat shit!
thank you for your consideration, i really appreciate it.
Unpopular? That’s my opinion!
Ambiguous should:
We “should” be able to rely on an immutable and reliable system to provide for us when we are old. Like a government that gives a fuck or something.
Without that, you “should” still make safe and sane financial investments, even if the system is rigged and corrupt, because no suitable alternative exists.
You’re right. We should put all our money in mortgage backed securities.
This is just terrible financial advise. You will not get returns better than from stock market funds. You can absolutely expect to have a significant portion of your pension pot coming from investment returns that you would not have if you put your money elsewhere. So sure, if you want to retire poorer than necessary, don’t invest your money in the stock market.
