the old saying in the stock market, that when the janitor starts talking stocks and making money, it's time to get out because a bubble is occurring
Urgh. This topic makes me so angry. I wish the government would just let me keep my retirement savings in an IRA, where I could pick a low-fee index fund and be done with it. But IRA's are limited to $5k a year, and in any case are not available at all if you make over $58k (which is not that much). So I have to keep my retirement savings with some shady investment firm that I have never heard of and I'm sure takes a significant chunk for itself. It's pure, blatant corruption, and everyone just goes along with it.
pyramid termite: i don't put a penny of my own money in a 401k
the people who run my employer's program gave a little presentation a couple of years back where they told us how much our money would grow at 8% a year and kept harping on how that amount of money would really, really benefit our retirement - yes, they had a small print disclaimer on the powerpoint slides and the literature saying they weren't guaranteeing such a ROI or anything else, but they didn't verbally mention that
that seemed sleazy and dishonest to me as i know damned well it hasn't happened historically, especially in our current economic woes
“To be sure, Americans saving 15% per year will put more fees in the pockets of mutual funds firms. But it will also put more money in American nest eggs. And that, regardless of how much money Wall Street skims off our nest eggs, is a good thing, yes?”
mullacc: Passive investing is completely unethical. It is a total abandonment of responsibility and lets corrupt CEOs and their crony boards loot the public.
BrotherCaine: If you're willing to give away your shareholder vote in order to save on expenses, you are enabling the worst corporate behavior.
At the minimal size of my current investment portfolio there is zero chance that I'll make any money having all of it actively managed (the fees will be more than the profit on average).
However, I'm curious about whether there is a way to let most of my retirement money ride in an index fund, and somehow create a sort of ethical hedge fund that counters the worst players in the index with short sales or options? I know there are a few indexes that try to do something like an ethical index fund, but if I've got a beef with a particular company on the list, how best would I counter my index investment?
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