Quote:
Originally Posted by hulkrogan
Seems reasonable. People in the 20-40 crowd have parents that lived through the biggest upswing in the markets in history who's parents tell them all they have to do is buy a bunch of investments and get some options at work and wait for them to quadruple and everything will be ok.
Well no, that might not happen, so we'll wait for the jackpot you're sitting on to filter down to us, thanks.
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The funny thing is that if people applied that first part and actually "saved money" to begin with they would be fine. Its crazy though. People are more concerned with fees, returns, macroeconomic factors and other things that they can't control in the least, whereas the one thing they can control they fall down on completely.
(Obviously I'm completely generalising and yes people have some choice over fees. My point is that people don't save enough to begin with, regardless of these other factors.)