alt Hacker News> How do they have index funds?
Sometimes your employer gives you a list of a couple dozen funds run by the same manager, and if you want your employer to contribute to your retirement savings, those are the options.
> How do they have index funds?
Sometimes your employer gives you a list of a couple dozen funds run by the same manager, and if you want your employer to contribute to your retirement savings, those are the options.
And if you invested in those index funds in the past 15 years, the return would be superb.
Banning these super-voting companies from 401(k) and index funds would have deprived many low- and middle-income people of those superb returns.
But hey less competition for the houses and stuff, right? We don't want more average people to enter the upper middle class.