Hedge funds, and stock markets provide a legitimate and socially useful service. They help manage risk, foster investment and grow the economy, something income redistribution does not do. I am an MSEE myself and not a stock market guru, but putting aside about 10% of my income in conservative mutual fund for 35 years I managed to accrue a personal worth of over two million dollars, one paycheck at a time. You can, too. I am not fabulously wealthy, but slow and steady annualized returns of about 8% have put me in position for a comfortable retirement. Until AOC and Biden decide I am not entitled to what I earned and saved.
Start saving as much as you can in your 20s.
Compound Interest is “The Eighth Wonder of the World”
They do, but they also are not held accountable for their screw ups.
You remember 2008, that was insanity and mass delusion.
How many went to jail?
I probably know less than you, but I think an even bigger crash is coming.
They’ll get bailed out again because they’re too big to fail.
Meanwhile government destroyed how many businesses with BS lockdowns?
My faith in our country is not too hot right now.
We will see what the future holds…