401k's
You lock up your money for decades. You can't pick the specific assets you want, just baskets of them. The fees are hidden and if you don't look into them they can eat up large percentages of your profit over time. Fund managers use these passive streams of money to dump their toxic assets into and call it "diversifying". They consistently underperform over a long time frame against the s&p 500 even with companies matching contributions. I've seen studies that found choosing random stocks from the s&p 500 consistently outperformed 401ks, pensions & hedge funds.
Psyduck
npub1sm…jzjpt
2023-08-03 19:41:59
in reply to nevent1q…hl8w
Author Public Key
npub1smj0qtxvmxqqctq6z9d2xp8ghu28xdqq2j9qe4kq4t28cqfv7kcqujzjptPublished at
2023-08-03 19:41:59Event JSON
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"content": "401k's\n\nYou lock up your money for decades. You can't pick the specific assets you want, just baskets of them. The fees are hidden and if you don't look into them they can eat up large percentages of your profit over time. Fund managers use these passive streams of money to dump their toxic assets into and call it \"diversifying\". They consistently underperform over a long time frame against the s\u0026p 500 even with companies matching contributions. I've seen studies that found choosing random stocks from the s\u0026p 500 consistently outperformed 401ks, pensions \u0026 hedge funds.",
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