10-25-2017, 04:00 PM
Slamz Wrote:I also wonder how much a nation that's turning towards stock based retirement accounts essentially just turns into a never-ending firehose of money that hardly changes based on the economy. It's not like people feel a bump and pull their money out of stocks -- most of them are in automated accounts and stay invested and keep putting money in so long as they are employed.
I was literally thinking about this over lunch but taking it a step further and was wondering what the implications would be of switching from fiat currency to stock currency. Like getting paid in a market ETF or something. Instead of being handed worthless paper, you'd be handed value in a company or group of companies. This would in turn keep the market healthy as there'd always be an influx of new capital into the markets every week.
I know there are certainly reasons why it wouldn't work, but it's interesting to think about nonetheless.
All I can say is that in this current economy, the only way you will get ahead is by being a shareholder. Thankfully I have been socking away a healthy portion of my income into a 401k since I was 21.