• 20 Posts
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Joined 1 year ago
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Cake day: July 4th, 2023

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  • The older people get, the less of their money tends to be in actual stocks,

    Eh it’s still a ton. And even then it’s in bonds which a good amount are corporate bonds, and guess what the corporation wants to do.

    the shares managed by retirement funds are inevitably non-voting,

    Really doesn’t alleviate the pressure of “maximize the shareholder value at all costs”. Fiduciary duty is ingrained, it doesn’t need to be actively decided on by the board.

    And you do get rich from stocks, not that you need to because it’s a retirement fund. I think you’re barking up the wrong tree trying to pin this on the fund managers. They personally don’t even care if the stock goes up, because they get a percent fee no matter what.