: It would be funny as hack if people stopped contributing for 401Ks and took a lot of their money out of the stock markets and related "investment funds" and began actually saving money in safes, safe deposit boxes, or Mason jars in the back yard and/or putting money into deferred income annuities. Or some combination thereof.
Wall Street would freak TF out. So would Congress. It'd be a hoot.
@thedisasterautist Everyone wants to get rich easy. It's incredible the number of people I know who started investing in stocks in recent years, and to be honest, i'm included in that although I'm very low on the totem pole of investments.
@Stevo: The get-rich-quick in stocks was the big thing in the 1980s. Shunting everyone's money into the stock market was the way Reagan & Co. figured would make life better, but it didn't, really. The results were illusory, smoke and mirrors, but hey, it made people fell better and made a LOT of people VERY rich.
@thedisasterautist The whole Gamergate or whatever it was called there a few years ago is what got a lot of the people I know into it.
@Stevo: Yeah, the Gamestop thing, yes. That's when the hedge fund bros were losing so much money on their shorting of the stock that they got the trading apps to limit "casuals" from trading too much.
@thedisasterautist Just because of that, my best buddy invested so much money, stocks is all he talked about for so long until he just stopped talking about them. I actually never asked him but i'm sure he lost a lot of money. I've invested peanuts so far, he's was throwing grands in there.