You can control the class of investments in a retirement account. Shift to a more aggressive mix in a thriving economy, more stable in a weaker one. Most work on bear/bull percentages, which makes it easier to manage for those with little to no experience.
You can, but who actually does? The people managing the accounts make most of their money off of asset trades, so its in their best interests to convince you to keep it in stocks.
That’s awesome I guess… if only the stock market was at all related to the actual economy.
It helps retirement funds, like if you have a 401k or IRA.
Only if you’re at the magical age to cashout and shift a major portion into safer assets.
You can control the class of investments in a retirement account. Shift to a more aggressive mix in a thriving economy, more stable in a weaker one. Most work on bear/bull percentages, which makes it easier to manage for those with little to no experience.
You can, but who actually does? The people managing the accounts make most of their money off of asset trades, so its in their best interests to convince you to keep it in stocks.
I use a portal to control my retirement accounts. I’m pretty sure most of them work like that now.
https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html
and it’s even worse now.
I’m kinda suprised the numbers aren’t like 1% owns 99% of the shares.
They’ll get there eventually.