Wealth is what you don't spend

Re:Wealth is what you don't spend by rapind on Saturday January 25, 2020 @02:27PM (#22148096)

It's because of complexity and lack of trust in the people perceived as running it (especially after 2008). Derivatives, high frequency trading, MBS, and a handful of other acronyms aren't understood by the vast majority of people. That alone wouldn't be an issue if the experts were at least perceived as trustworthy.

This isn't unique and could happen in many industries.

It's an image problem combined with extreme (intentional) complexity. It's also very deserved IMO.

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Re:Wealth is what you don't spend by tempsy on Saturday January 25, 2020 @02:31PM (#22148124)

Well, exactly. Too many people on here lean toward being skeptics in a lot of areas in life and end up making bad decisions like avoiding the market.

So you think it's rigged. Now you missed out on 3x'ing your money in a boring index fund. Does that make you feel better?

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