rskurtzer21 karma2012-07-06 14:52:10 UTC
Scott, I just read the excerpt and it looks like a fascinating subject - I live in NYC and a few of my friends are software engineers who help create the tools used in high frequency trading among other things.
My question is, do you think the stock market is a "safe" place for regular individual investors to be in the long term?
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rskurtzer2 karma2012-07-06 15:38:33 UTC
So if I'm reading your answer right, this is especially bad for people with short time horizons to retirement. Even with this instability do you think the 30+ year outlook can still be positive? I myself have a pretty diversified 401k and some very minor stock holdings - I'm trying to do things as right as I can (at age 29 now) so that I can actually retire.
Lucky for my parents they have excellent savings on their own as well as a defined benefit pension plan from a very profitable and stable, large public company - I'm on my own.
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