Quote:
Originally Posted by onewhippedpuppy
Nice to see how stupid you think the average American is. 
Thank God the govt is running things. I'll spend my entire life paying in. When I'm 65, I'm confident that it will have all been pissed away on other "more important" things. If it's still there, it will have grown at an astounding 0% interest. Well done Uncle Sam!
By giving Americans options such as bonds or mutual funds, there would be reasonably safe investment options available. |
Yes, the average American is completely unsophisticated when it comes to investment Matt. Please do me a favor and reconcile the housing crisis and massive credit card debt with being able to manage a lifetime of investment. I applaud you for your hope and faith in the average American being able to manage a portfolio, sadly, reality is cruel master.
But it's not just about investment knowledge and sophistication. it's about time. the Average American does not have time I believe.
And it's also about grades and school. Matt, the bell curve is real and exists. 50% of our population is below average.
For smart people like yourself who have the time to manage a portfolio, I have recommended the class and test.
When compiling the reconciliation, please show your work.