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Re:What to know about the stock market (2007) by pjc50 on Monday February 14, 2022 @04:38AM (#30330090)
Do any of them have private pensions?

In the UK almost everyone will have been moved over to a "defined contribution" pension whose value is determined by the stock market, usually in the form of a "stakeholder pension".

I don't "do" the stock market but I do have such a pension. And every few months sweep spare cash out of my current account into an index fund. Effectively I pay people to worry about this stuff on my behalf.

People who retired more than about 10 years ago are far more likely to have "defined benefit" pensions whose value is independent of the stock market.

Re:What to know about the stock market (2007) by hnbad on Monday February 14, 2022 @05:13AM (#30330298)
Not the parent, but I live in Germany and while the new coalition government is expected to push for moving he public pension system to stock based pensions, the current system consists of a public pension system (that employees pay into via their employer to pay out current recipients who previously paid into it) and a private pension system everyone is strongly encouraged to pay into. As I understand it the private system is not directly tied to the stock market though.

For most people outside the very niche finance and tech investment bubbles stocks are largely understood as a form of gambling and managed funds as a high yield alternative to a savings account with a small risk of losing money (but this requires some disposable income so again this is somewhat self-selecting).

The ordinary Hans Wurst (German Joe Blow) just follows the economy section of the news for a general feeling of if things are going good or bad because line goes down means prices go up and they probably won't get a raise.

Re:What to know about the stock market (2007) by llampx on Monday February 14, 2022 @07:35AM (#30331249)
Watch the Ampel get into the stock market at its peak and put off an entire generation from the stock market, yet again.
Re:What to know about the stock market (2007) by hnbad on Tuesday February 15, 2022 @07:43AM (#30345708)
From a leftist point of view the most frustrating thing about red-green is that they market themselves as progressives and leftists but then just follow the same neoliberal economical politics as everyone else. It's deeply ironic that the reforms that did away with large swathes of the welfare state and labor protections were implemented by a red-green coalition government, not conservatives or the FDP.

The lesson most voters take away from this seems to be that leftism is just false advertising and if you vote for leftists you just get the same politics but more dishonest, not that the "leftists" they keep voting for aren't actually interested in leftist politics (though I can see why Die Linke might be unappealing as they're a headache even if you see them as the only viable option).

Re:What to know about the stock market (2007) by bidirectional on Monday February 14, 2022 @04:51AM (#30330166)
Even with DB schemes their funding often relies on exposure to equities.
Re:What to know about the stock market (2007) by pjc50 on Monday February 14, 2022 @05:09AM (#30330263)
Yes, although the recipient is not supposed to be exposed to that - see the UCU strike starting today.
Re:What to know about the stock market (2007) by lotsofpulp on Monday February 14, 2022 @07:49AM (#30331381)
Everyone is exposed to it if they trade in the major currencies. The government will reduce the purchasing power of the currency to ensure the nominal returns to meet the defined benefit obligations are met. This, in turn, will boost the price of equities such as land and stocks, and eventually trickle down as inflation for food and fuel.

You will get your defined benefit pension, but how much you can buy with it is variable. And it is going to be less than you think. That is the only way the equation balances with lower economic growth (especially due to lower population growth) and increased competition for resources from the other 7B people in the world.

Re:What to know about the stock market (2007) by iso1631 on Monday February 14, 2022 @05:38AM (#30330449)
LOL, I searched for "UCU strike", the first result was "UCU strike calendar"

They have so many strikes they need to organise them to make sure they don't overlap each other