A total market collapse and after that the economy does not recover? I guess we will have more serious problems than pensions then. These funds are highly diversified. It’s not like they gamble all on one company.
That’s why the stocks aren’t picked individually at all. They are picked in the opposite way to ensure that no single stock, industry, country can cause a total loss. By this diversification investing into stocks is for example safer than keeping the money in the local economy, as it introduces some decoupling from the economy of the country of the fund and the funds value. Meaning it can still pay out money (introduce value) even if there’s a local collapse, as such it’s a stabilizing force for the economy.
Regarding a total collapse, you’d need to specify what you mean exactly. The term is just to wide to discuss and address concerns.
The point is parasites are gambling with, and profiting from, assets that were aquired through other people’s labor. It’s often mandatory for blue collar workers, and if they don’t want participate, they’re penalized for withdrawing their money.
If this offends you, I don’t care. This entire “industry” is parasitic, and immoral. And so are the people who defend it.
If you think all investing is parasitic gambling and aren’t willing listening to arguments I’m sorry for you.
I’m noy offended by other opinions and I’m willing to change my position (although of course that will require lot’s of points for such strong positions).
Just calling something bad without elaborating is not a useful addition to any discussion, so if you don’t want to argue actual the actual merits of your opinion you won’t convince anyone, you’ll just get positive feedback from people tyat already have your opinion. So, I guess, enjoy your bubble?
Would you prefer pensions to lose most of their value to inflation?
Would you prefer to they lost their value due to some rando picking the wrong stock, or from a total market collapse?
A total market collapse and after that the economy does not recover? I guess we will have more serious problems than pensions then. These funds are highly diversified. It’s not like they gamble all on one company.
If you’ve got a better idea for what to do with pension contributions we’re all ears.
That’s why the stocks aren’t picked individually at all. They are picked in the opposite way to ensure that no single stock, industry, country can cause a total loss. By this diversification investing into stocks is for example safer than keeping the money in the local economy, as it introduces some decoupling from the economy of the country of the fund and the funds value. Meaning it can still pay out money (introduce value) even if there’s a local collapse, as such it’s a stabilizing force for the economy.
Regarding a total collapse, you’d need to specify what you mean exactly. The term is just to wide to discuss and address concerns.
The point is parasites are gambling with, and profiting from, assets that were aquired through other people’s labor. It’s often mandatory for blue collar workers, and if they don’t want participate, they’re penalized for withdrawing their money.
If this offends you, I don’t care. This entire “industry” is parasitic, and immoral. And so are the people who defend it.
If you think all investing is parasitic gambling and aren’t willing listening to arguments I’m sorry for you.
I’m noy offended by other opinions and I’m willing to change my position (although of course that will require lot’s of points for such strong positions).
Just calling something bad without elaborating is not a useful addition to any discussion, so if you don’t want to argue actual the actual merits of your opinion you won’t convince anyone, you’ll just get positive feedback from people tyat already have your opinion. So, I guess, enjoy your bubble?