> We let ourselves be charged high fees that we do not understand, we accept poor returns quarter after quarter, we never sue to enforce our rights, we never vote as shareholders and we never tell our investment managers how we think they ought to vote.
Is this satire? How is a pension better than a 401k in any of these dimensions? If my retirement is invested in overpriced, underperforming funds it's 100% my own fault. If my pension is chronically mismanaged (as they tend to be) there is literally nothing I can do about it.
Is this satire? How is a pension better than a 401k in any of these dimensions? If my retirement is invested in overpriced, underperforming funds it's 100% my own fault. If my pension is chronically mismanaged (as they tend to be) there is literally nothing I can do about it.