Buffett recommends investing in index funds – but many of his employees can’t

Re:Buffett recommends investing in index funds – but many of... by arbuge on Friday March 23, 2018 @08:04PM (#16663754)

Pretty much all of them can, assuming they have something left over for savings when they get their paychecks. There's nothing stopping them from opening an account with Charles Schwab, Fidelity, etc. and investing their savings there in whatever they like.

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Re:Buffett recommends investing in index funds – but many of... by deathanatos on Friday March 23, 2018 @09:31PM (#16664194)

> There's nothing stopping them from opening an account with Charles Schwab

(I've gone through Charles Schwab's account signup) Charles Schwab, for example, has minimum amounts for opening an account; IIRC, it's $5k. There's also ~200 pages of legal agreements to wade through. (But everyone just blindly accepts those, right? So that "doesn't count" /s) It also has tax implications.

It's also not a guaranteed thing that these accounts will make money, and I wouldn't be surprised if that uncertainty affects people's decisions.

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Re:Buffett recommends investing in index funds – but many of... by regnarg on Friday March 23, 2018 @10:38PM (#16664464)

I just signed up for a Schwab brokerage account and it didn't cost anything. They may have updated their policy

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Re:Buffett recommends investing in index funds – but many of... by closeparen on Saturday March 24, 2018 @05:24PM (#16669037)

The tax advantage of a 401k is huge.

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