General Discussion

Last edited Thu Jan 9, 2025, 03:23 PM - Edit history (1)

Guy was a whiz in all the equations, knew every financial devices inside and out. Had him for 4 or 5 classes. The investors in class were always picking his brain on one thing or another. His response always was the same, "you won't beat the markets long term", especially now with electronic trading using super computers (and soon AI). Slow, steady, and long term is the way to go.

Basically, I see private equity accessing 401K funds as throwing bait to sharks. Private equity are the predators, the villains they make corporate raider themed movies about, handing them $1 Trillion of the 401Ks of regular folks is asking for disaster. These people make Gordon Gecko look like a boy scout.

It will be sold as, "finally make these insider investments, previously only available to millionaires and billionaires, are now available to you..."

There is no get rich scheme, especially when it comes to your 401K. But the beauty of this country still is that if you're able to invest for 3 or 4 decades solid, you can retire at least semi wealthy, anyone can.