Mandatory pension funds: What are your thoughts?
in Banking, Insurance & Loans ·
William Mitchell2 said:Hey, take a breath and chill out.
You haven't lost a dime.
I could go back and forth with you on investment theory all day, but it's clear you aren't even trying to make a real point—if you were, you'd actually be talking about the economy. Instead, you're just leaning on politics so you can spout nonsense without any real consequences.
Just look at how much the Nasdaq has tanked lately—not to mention the surrounding markets, or the global situation for that matter.
Even OMF managed to scrape by. Though, honestly, they share the blame for this Nasdaq slump since the government incentivized investing in those funds, which eventually triggered those massive sell-offs.
Your money isn't gone unless you actually sell—or in this case, until you start drawing from your retirement—and before that happens, this market will likely swing wildly "100" more times between hitting the moon and crashing into the abyss.
At the very least, you have to wonder about pension funds buying into overpriced stocks (Ingra at 60,000, IGH at 15,000, JPMorgan at 12,000...) while certain managers are walking out the door at the same time! Was it just poor investment forecasting? Or is there something else going on?