I actively called my retirement plan manager and spent several hours on the phone, just trying to make sure they didn’t spend a bunch of my money on the space X IPO. They did, and I lost about 4000 dollars in one day.
If I pull it out, I lose 30% instantly. Not to mention it’s retirement value goes away entirely. Switching to another manager is pointless because they did exactly the same thing.
That was MY money, that I OWN. If I have absolutely no say in how that’s being spent, how in the holy name of fuck do you expect us to influence elected representatives, that are being bought and paid for with those dollars by someone else?
The game is over, they’ve won. It’s time for crime.
Retirement accounts are a scam. It’s important for people to learn this, and stop contributing to them. It’s not a “benefit” to give all your money to corrupt Wall Street shit heads…
I mean, it’s not a straw man. it’s genuinely a weak investment. But no, other people exist and they had that conversation before you or I could her here.
A tax-advantaged account that (typically) grows faster than inflation and includes additional compensation that my employer would not otherwise give me is a scam? So where should I be putting my money instead?
It grows faster until they use it as a bailout for rich fucks. You should make your own investments; it’s your money and you should have full control of it. Any system that doesn’t allow that is wall steet holding your money hostage, and a scam.
I actively called my retirement plan manager and spent several hours on the phone, just trying to make sure they didn’t spend a bunch of my money on the space X IPO. They did, and I lost about 4000 dollars in one day.
If I pull it out, I lose 30% instantly. Not to mention it’s retirement value goes away entirely. Switching to another manager is pointless because they did exactly the same thing.
That was MY money, that I OWN. If I have absolutely no say in how that’s being spent, how in the holy name of fuck do you expect us to influence elected representatives, that are being bought and paid for with those dollars by someone else?
The game is over, they’ve won. It’s time for crime.
Retirement accounts are a scam. It’s important for people to learn this, and stop contributing to them. It’s not a “benefit” to give all your money to corrupt Wall Street shit heads…
I opened this expecting to ask where to put the money instead, fully expecting to be told to buy gold.
I’m glad to see that conversation has already happened.
There are far better commodities to invest in. Gold is probably one of the worst. But good luck with that
I didn’t say anything about gold. You just wanted to straw man that.
I mean, it’s not a straw man. it’s genuinely a weak investment. But no, other people exist and they had that conversation before you or I could her here.
A tax-advantaged account that (typically) grows faster than inflation and includes additional compensation that my employer would not otherwise give me is a scam? So where should I be putting my money instead?
It grows faster until they use it as a bailout for rich fucks. You should make your own investments; it’s your money and you should have full control of it. Any system that doesn’t allow that is wall steet holding your money hostage, and a scam.