That’s on them for falling for the " money managers know what they are doing" scam.
I fell for it for 10 years. Now it’s direct stock ownsership and etf’s. The founder of Vanguard started his fund because he knew the scam.
Everyone thinks they have a young Warren Buffett running their investments when really it’s used car salesmen getting kickbacks for investing your money in bad funds. Obama made that illegal but if course Trump made it legal again.
That’s on them for falling for the " money managers know what they are doing" scam.
I fell for it for 10 years. Now it’s direct stock ownsership and etf’s. The founder of Vanguard started his fund because he knew the scam.
Everyone thinks they have a young Warren Buffett running their investments when really it’s used car salesmen getting kickbacks for investing your money in bad funds. Obama made that illegal but if course Trump made it legal again.
Sounds like victim blaming to me. Scams should not be legal or tolerated, and most especially, nobody should be allowed to profit from running a scam.
Is Vegas a scam? You know the odds. Funds publish their returns and their charges. The commissions on bad investments should be illegal and once were.
Do Vegas casinos party money to promote the idea that gambling there is an investment?
Your analogy sucks. Everyone knows gambling is for entertainment.