Momentary Observation: Gambling With Your Retirement

15 March 2016

How many of us still have at least some of our retirement money in the stock markets? I am one, although I am a little embarrassed to admit it.

I was thinking about the fact that very few of us “average” people have any idea how that system works. We know that we give our money to a company or person who is “responsible” for putting it somewhere or other that seems right to us and them, based on some loose criteria of how comfortable we feel about different levels of gambling. It’s not called gambling of course, it’s called risk. But it is gambling. And what it boils down to is that we are giving our money to companies and people we don’t actually know, who give it to companies and people they don’t actually know, who represent other people and companies who none of us actually know. In the end, as in any trip to Las Vegas, a few people win, some break even, but many more lose.

It all makes me think more about tangible, physical assets such as land and houses and metals.


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