Private Equity - who are the biggest investors?

[rainphakir]

@intercst

retirement option.

I always wondered, “Couldn’t one of the math teachers explain how much they were getting screwed?”

This goes back to my comment:

@rainphakir

My coworkers were(are) post grad educated (many PhD) and had the same issues Darryl describes: didn’t check the box, got advice from vulture financial planners, high fee MFs n ETFs etc.

It’s a lack of financial education, not “blue collar” or “white collar”.

They might be math teachers. But they don’t “do” finance. They can explain “math”, but can’t apply it to retirement finances.

The economics folks… Same thing.
They don’t “think” in terms of retirement.

In addition, there’s pressure to NOT “give financial advice”… As in: “You don’t have the certificates. You’ll be illegal, fired, and sued.”

ralph