It's funny because I agree with all those statements and add "people will listen to Jeff Siegel and just jam their money into index funds and close their eyes until its time to retire". So they lose coming and going (but lose less relying on index funds than buying gold funds).
Personally I think actively managing your money is the better solution, but the active desire not to manage money from so many people (even otherwise active and engaged people like the HN crowd) has led me to being in favor of a stronger govt-backed pension system rather than tax-deferred accounts that hurt our tax base and are a windfall for trustees.
Personally I think actively managing your money is the better solution, but the active desire not to manage money from so many people (even otherwise active and engaged people like the HN crowd) has led me to being in favor of a stronger govt-backed pension system rather than tax-deferred accounts that hurt our tax base and are a windfall for trustees.