The retirement account managers make the decisions on the investments, not me.
> When you invest, you put the value of your previous work at stake.
What was the "previous work" I did when I inherited my father's Walmart stock?
> The retirement account managers make the decisions on the investments, not me.
Let us hope that they won't get sucked into plots of the next Bernie Madoff, who will likely come one day.
> What was the "previous work" I did when I inherited my father's Walmart stock?
True, I was thinking about investments of surpluses from your salary.
Re:Should you Work Hard? (2019)
by imtringued on Tuesday December 22, 2020 @06:38PM
(#25512766)
Considering the structure of the economy it is far more likely for assets to inflate than the income of workers. Sure some higher up people could wake up and reverse this trend but if there was a risk of this happening most workers would already be happy with their current economic situation.
When investing in a corporation, there is no guarantee that you will gain profit from it, you can even lose your entire investment.
If you were a long-term Nokia shareholder, you would have lost a lot of money since, say, 2005.
When you invest, you put the value of your previous work at stake. You can retroactively sink your work (= money that you earned from it) into a black hole.