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Lexi Leyte's avatar

I have learned that in any relationship disagreement, I can be right or I can be happy, rarely will I be both, at the same time.

Inspired writing as always. Looking forward to sharing your future works of art!

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Douglas Ross's avatar

Great insight, words of reason. One of the most distinguishing characteristics needed to invest long term - is to be able to sweat it out in the short term. That’s where most Americans fall short in the “invest for the long term” equation. Once corporate corrupt elites pulled pensions from the working class and replaced them with 401k’s, they Shifted the role of responsibility to average working class people in a very short period of time. Prudent? Fiduciary duty? Investment Theory? All this did was save and make tons more $ and remove the burden of liability to properly manage the risk of their valued employees. And now, the average worker would be “in the market” to fall prey to even more disadvantages- market manipulators, and be forced to sink or swim with the same people who pushed them into this pool in the first place. Look at the top 100 congressman/women stock returns last year versus Joe average guy/gal or the S&P. It’s absurd. The market may be where we need to get our returns but it is far from efficient - far from regulated - far from fair. I agree the U.S. is on a dark path due to corruption. Waste and abuse of our tax dollars. Abuse of power. How does the average person navigate the future with knowledge against a backdrop of unethical/immoral practices? We wake up and find our stocks dropped overnight, when we can’t trade, on information we aren’t privy to - and yet someone was before us! Until we have a fair system that rewards us for 30-40 years of work, and allows us to retire and not become homeless…while a slice of people sit on $200billion - we will have work to do. Investment theory misses one big element not world into the equations: corruption. It can’t be solved. Long term in markets look amazing looking back. It would be much easier for average Joe to realize long term gains if markets were highly regulated, fairly governed, with zero corruption, and we could follow the rules of saving//investing/compound interest/gains, and all enjoy the benefits. No need for pensions, relying upon government programs. I see that as the only way we make it 100 more years. And trust in relationships is important, and good habits are important too. Nicely written!

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