Of course I know what hedge funds are, and that people manage them. It’s all about actively buying and selling stocks, bonds, and options.
You can call it a terrible retirement vehicle if you want, but it’s literally how the middle class is able to retire. From 401k, to Roth IRA, to other much every other retirement account available to the middle class, it’s based on stocks, and it’s worked well for a ton of people.
It only bankrupts idiots like those on /r/wallstreetbets or those who put all their money into one stock. Yes the market may go down, and it may go down a lot, but that’s not going to make you bankrupt unless you make extremely dumb choices.
Luckily most retirement plans come with a target date fund, which is an easy way to diversify and get basically guaranteed gains.
Also, it’s the only retirement the middle class has, so you can’t destroy it.
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Of course I know what hedge funds are, and that people manage them. It’s all about actively buying and selling stocks, bonds, and options.
You can call it a terrible retirement vehicle if you want, but it’s literally how the middle class is able to retire. From 401k, to Roth IRA, to other much every other retirement account available to the middle class, it’s based on stocks, and it’s worked well for a ton of people.
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It only bankrupts idiots like those on /r/wallstreetbets or those who put all their money into one stock. Yes the market may go down, and it may go down a lot, but that’s not going to make you bankrupt unless you make extremely dumb choices.
Luckily most retirement plans come with a target date fund, which is an easy way to diversify and get basically guaranteed gains.
Also, it’s the only retirement the middle class has, so you can’t destroy it.