You can direct your provider to invest however you personally feel comfortable. But it’s incredibly boring for most people to have to administer this and the whole point of a pension fund is you don’t have to worry about it. Otherwise I might as well play the stock market myself.
A lot of pension managers now are starting to become increasingly wary of AI and “fledgling startups” that have been going for 20 years and have still yet to generate a profit
Not me; I contacted my pension fund last week to move it entirely out of equities and into bonds & cash.
Which is no guarantee, but… I’m not close enough to retirement that this would normally be sensible, but I know I’m close enough that I’d never earn back the losses from the mother of all crashes that is riding into view on the back of these IPOs (and the “I can’t believe it’s not a crime!” changes to index rules to fast track this nonsense into trackers, guaranteeing that pension funds and the like will be left holding the bag.)
Personally I would advise keeping money out of AI just generally anyway, not on any moral principle but simply because everyone knows it’s a bubble. No one wants to be left holding the bag and you could end up with a less money than you had to begin with. Over long enough time periods risky strategies like that aren’t worth it.
So you might as well get out of AI in the long run it will probably save you money.
If you have a retirement account or an index fund you are one of those cunts
Not yet, the S&P backed off their fast-track and it won’t be able to go into their index funds for 90 days. But Tesla is already in there, so 🤷
You can direct your provider to invest however you personally feel comfortable. But it’s incredibly boring for most people to have to administer this and the whole point of a pension fund is you don’t have to worry about it. Otherwise I might as well play the stock market myself.
A lot of pension managers now are starting to become increasingly wary of AI and “fledgling startups” that have been going for 20 years and have still yet to generate a profit
Its been a total pain with in any 401k I have had. Just point to index funds. Borrow against to take it out temporally or invest more.
I’m too poor to have any kind of financial stability! Fuck me, right?
Not me; I contacted my pension fund last week to move it entirely out of equities and into bonds & cash.
Which is no guarantee, but… I’m not close enough to retirement that this would normally be sensible, but I know I’m close enough that I’d never earn back the losses from the mother of all crashes that is riding into view on the back of these IPOs (and the “I can’t believe it’s not a crime!” changes to index rules to fast track this nonsense into trackers, guaranteeing that pension funds and the like will be left holding the bag.)
Personally I would advise keeping money out of AI just generally anyway, not on any moral principle but simply because everyone knows it’s a bubble. No one wants to be left holding the bag and you could end up with a less money than you had to begin with. Over long enough time periods risky strategies like that aren’t worth it.
So you might as well get out of AI in the long run it will probably save you money.