Re:Norweigan oil fund
by outside1234 on Thursday August 01, 2019 @12:45PM
(#20585648)
The oil fund is Exxon, which is in the S&P 500, which is in your 401k.
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Re:Norweigan oil fund
by odonnellryan on Thursday August 01, 2019 @01:15PM
(#20586025)
Only available to people who have the means or opportunity to invest. We're taking from everyone and giving to few.
There are a lot of people who rely on those investments, whether through their government retirement, their employer's retirement, or through their own holdings. Even many social programs are funded with investments in equities.
Slightly less than half of all Americans have any investment in the stock market. Pension funds were largely replaced with 401k's, but salaries were not increased to compensate.
While you're technically correct, the stock market primarily benefits those with enough disposable income to generate large investments where they do not need to draw down the principle, and that certainly isn't the majority of Americans.