Re:1 in 3 Americans Have $0 Saved for Retirement (2016)
by icelancer on Wednesday August 23, 2017 @05:14AM
(#15079823)
>I don't believe the stock market is a stable
It never was.
>or good place to invest (anymore).
Yeah, history isn't on your side, nor is the future projected value of how corporations are accumulating wealth. If anything, buying shares of corporations who are doing a good job of accumulating capital has never looked better.
The major bubble is higher education, and real estate. But the latter is largely due to government meddling and the former... well, is also due to government meddling in part, but mostly this rapidly dissolving belief that college somehow churns out positive ROI for most attendees. This is becoming less and less true; it's only a matter of time before it collapses. It will happen in my lifetime easily, and I predict it will happen within two decades.
Re:1 in 3 Americans Have $0 Saved for Retirement (2016)
by mjevans on Wednesday August 23, 2017 @05:24AM
(#15079863)
Historically the population has increased. The most likely outcomes of that which I foresee are a global resource war, pandemic, or pollution killing most of the population.
It never was.
>or good place to invest (anymore).
Yeah, history isn't on your side, nor is the future projected value of how corporations are accumulating wealth. If anything, buying shares of corporations who are doing a good job of accumulating capital has never looked better.
The major bubble is higher education, and real estate. But the latter is largely due to government meddling and the former... well, is also due to government meddling in part, but mostly this rapidly dissolving belief that college somehow churns out positive ROI for most attendees. This is becoming less and less true; it's only a matter of time before it collapses. It will happen in my lifetime easily, and I predict it will happen within two decades.