How would this be a bad thing?

jen729w 10 hours ago | parent | next [-]

Because everyone's retirement depends on the stock market. If you're unlucky and your portfolio vests the day after a massive crash, that can have a very meaningful impact on the rest of your life.

	▲	Ekaros 3 hours ago \| parent \| next [-]
		Maybe that will make everyone to think what is going on with this retirement plan build on stock market growth and expectation there will be something to buy with that "wealth" in future...
	▲	emp17344 9 hours ago \| parent \| prev [-]
		If it’s a bubble, it has to pop sooner or later. It’s better if it pops now before growing even larger.

▲

calvinmorrison 10 hours ago | parent | prev | next [-]

Like New Caledonia the wealth of our nation has been pumped into a get rich scheme looking for a new world

▲

SilverElfin 11 hours ago | parent | prev | next [-]

I want to see these overly powerful tech oligarchs to fail too. But one issue is that all of us are tied to their performance to some extent. Our investments are exposed to them. Your 401k probably has funds that include them. When they fail, it hurts others too.

It’s also why SpaceX wants to be included into index funds as soon as possible after they go public. I recall the rules may be revised to support this, meaning everyone who has money saved in those funds will automatically be tied to the fate of SpaceX.

▲

johnvanommen 10 hours ago | parent | prev [-]

[dead]