Discussion in 'Black Money Business Jobs' started by Shikamaru, Jan 30, 2012.
Replacing 401(k)s with a government-run pension plan.
Managed pension systems are the best for the employees
So, if my understanding is correct, you're saying 401Ks are bad? If so, what other forms of investing would you suggest for our people?
401ks require the individual to monitor and in vest them. Thus, in that most people arent brokers, they only get the minimum gain
Self-managed is best for me.
I recommend learning the difference between investing and trading, what the different vehicles are out there, and create a plan for yourself of how one's money should be managed and income acquired..
For basics, get out of debt; make sure your house has no mortgage; 4 years worth of food stored up; and a surplus of clothes and tools.
At that point, now you can invest or trade.
Now many people have no interest in the items recommended above.
There are more than enough paid professional out there willing to do it all for you.
Let's look at this another way ...
I'm not saying 401(k)s or a government run pension plan is bad, however let's look at the risks.
What will you do if this 401(k) or pension is seized by government like gold was seized in 1933?
What will you do to protect this 401(k) or pension from inflation?
What will you do to protect this 401(k) or pension from loss of value due to the markets?
Does a 401(k) or pension work or fit into your investment plans?
With anything selected, you want to take stock of the strengths and weaknesses of the vehicle as well as mitigation strategies for inherent risks.
Let's diversify into other asset classes which may include a 401(k) or pension.
Are you a broker?
I am not nor would I want to be one.
I'm all about what produces dividends, cash flow, or appreciation.
I'm about design and optimization.
That generally requires doing homework that the majority dont take the time to do.
Separate names with a comma.