The alternative is that the experts will be wise, prudent, and honest... and they’ll be “fired” by the voters who’ve fallen for the promises of another group claiming they’ll get better returns. (They’ll accomplish that by ignoring the risk/return rule and eventually crash the system.)
Let the “experts” select half a dozen different portfolios, ranging from treasuries to growth funds (mostly baskets of index funds), set limits on the max percentage of his/her investment any individual participant can invest in any one fund, and let the individual choose.
“Let the “experts” select half a dozen different portfolios, ranging from treasuries to growth funds (mostly baskets of index funds), set limits on the max percentage of his/her investment any individual participant can invest in any one fund, and let the individual choose.”
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Perfect !
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