Betting on the S&P 500 is way less risky than betting at a casino, especially in the long-term. You are betting on the growth of the global economy, not betting on whether the casino wants to give you money.
If you want to criticize fund managers or lack of regulations for pushing people towards risky picks like individual stocks, then fine. That doesn’t mean that 401(k)s and 403(b)s are bad tools.
Either way, the “casino” argument falls flat because an informed person can control the risk they undergo.
Betting on the S&P 500 is way less risky than betting at a casino, especially in the long-term. You are betting on the growth of the global economy, not betting on whether the casino wants to give you money.
Good thing people only put their money in the S&P 500.
If you want to criticize fund managers or lack of regulations for pushing people towards risky picks like individual stocks, then fine. That doesn’t mean that 401(k)s and 403(b)s are bad tools.
Either way, the “casino” argument falls flat because an informed person can control the risk they undergo.