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Attackcamel8432 t1_isu4os9 wrote

Reply to comment by Squidworth89 in Stop The Corruption by sillychillly

Or a pension... normal people investing for their retirement is a relatively new thing.

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Squidworth89 t1_isu58o3 wrote

Pensions are getting rarer and rarer.

Shouldn't be... but is the reality of it... they're only failing because the companies/government entities didn't properly fund them in past decades and unions got gutted.

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Attackcamel8432 t1_isu5rjs wrote

True enough. You aren't wrong about incentives for lawmakers, but they definitely have to be the right ones.

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Squidworth89 t1_isu6z1l wrote

Not so much for the lawmakers but for those looking to try to be one...

Do they have decent salaries? Yes. Are those salaries huge? Not by DC standards.

I personally would be hard pressed to ever run for office if I couldn't invest in equities. Social security is a joke. Bond yields are terrible. I've never been offered a pension. Have no choice but equities.

There should be reform but most pushing the narrative "it's insider trading rawr rawr rawr!" don't grasp the subject matter beyond the headline.

Plus... there's many far more important things we keep kicking the can on...

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MaineHippo83 t1_iswoao2 wrote

You keep failing to realize that you can invest in equities and prevent corruption.

Mutual funds and/or blind trusts

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Squidworth89 t1_isx8fo8 wrote

Those are terrible alternatives.

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MaineHippo83 t1_isxbho1 wrote

Disagree. It's what most americans are invested in and a safe long term investment strategy. Look up bogleheads.

Most people will not beat the market over the long term.

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Squidworth89 t1_isxdcpc wrote

Boggleheads is a very basic community. Haven’t been there in prolly a decade. I’m assuming they haven’t changed much.

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